Live Nation Entertainment

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Live Nation Entertainment
Lne-logo-redborder-r-rgb.png
Live Nation Entertainment's logo
Type Public
Industry Entertainment
Essential service(s) No
Country United States
Multinational Yes
Official website
Twitter (@LiveNation)
English Wikipedia article

Live Nation Entertainment is an international entertainment company based in the United States. Its subsidiaries include AC Entertainment, C3 Presents, Front Line Management Group, Roc Nation, and Ticketmaster.

COVID-19 response

Employees

  • Encouraging 31 March 2020 (WHO.svg+20 dayssrc): Committed US$5 million to Crew Nation, a relief fund geared specifically toward live-show workers.[1]
  • 13 April 2020 (33 days since WHO declared COVID-19 a pandemic):
    • Encouraging: CEO Michael Rapino will forgo the remainder of his US$3 million salary, representing approximately 26% of his annual compensation.[2][3][4]
    • Encouraging: Other top executives are taking pay cuts up to 50%.[2][3]
    • Encouraging: Committed additional US$5 million to Crew Nation, a relief fund geared specifically toward live-show workers, bringing total to date to US$10 million.[2][3]
    • Complicated: Implemented hiring freezes.[3]
    • Disappointing: Furloughed non-essential employees.[3]

News articles

References

  1. "Live Nation donates $5m to emergency COVID-19 fund for concert crews – and could donate another $5m". Music Business Worldwide. 2020-04-01. Retrieved 2020-04-25.
  2. 2.0 2.1 2.2 Millman, Ethan; Millman, Ethan (2020-04-13). "Live Nation's CEO Is Giving Up His $3 Million Salary Over the Coronavirus". Rolling Stone. Retrieved 2020-04-25.
  3. 3.0 3.1 3.2 3.3 3.4 "Live Nation Entertainment Curbs Costs to Fight Coronavirus Woes". Yahoo! Finance. Retrieved 2020-04-25.
  4. "Live Nation to Cut Costs by $500 Million". Los Angeles Business Journal. Retrieved 2020-04-25.