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Stock Market & Financial Investment News

News Breaks
August 12, 2013
04:55 EDTLYV, LYVLive Nation management to meet with ISI Group
Meeting to be held in New York on August 15 hosted by ISI Group.
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January 27, 2015
13:24 EDTLYVTicketmaster hires Larry Plawsky as SVP, head of Marketplaces
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05:10 EDTLYVLive Nation provides statement regarding Greek Theater
Live Nation stated, "The Greek Theatre is an incredible Los Angeles treasure, owned by the people of this city. Live Nation has delivered a superior proposal that will set a new standard for this iconic venue, with plans to invest heavily to return it to its rightful place as a world-class entertainment destination for fans and artists while being sensitive to neighbors in the surrounding community. We remain confident that the full City Council will be guided by the merits of our proposal not the political strong-arm tactics of our opponent. Selecting Live Nation's superior financial bid has far-reaching repercussions well beyond the Greek Theatre: much of the revenue generated by Live Nation will support critically-important Recreation and Parks programs throughout the entire city. Ultimately, the Greek Theatre contract will be awarded by the Board of Recreation and Parks Commissioners, which has already voted unanimously on behalf of Live Nation joining Recreation and Parks staff and a panel of independent, expert evaluators. We outscored the Nederlander/AEG bid, earning 91% of all possible points compared to their total of 79%. Our commitment to Union labor at the venue is stronger. And our financial proposal is far superior, delivering nearly $10M more at a minimum, and a total of $30M more when comparing our guaranteed performance minimum to Nederlander's historic average. We also commit to investing more than twice as much in capital improvements as Nederlander, which failed to complete many of the improvements it promised years ago. Live Nation remains committed to operating the Greek Theatre to the highest standard, driven by hometown pride."

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