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Live Nation is an American events promoter and venue operator based in Beverly Hills, California.Founded in 1996 by Robert F. X. Sillerman as SFX Entertainment, the company's business was built around consolidating concert promoters into a national entity to counter the oversized influence of ticket behemoth Ticketmaster.
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The TKTS booth, its parent organization Theatre Development Fund (TDF), and Broadway show producers have been criticized for their claimed 50% off ticket prices. [20] The prevailing belief is that TKTS offers 50% off of the normal sale price of a ticket, when in fact, those tickets are often subject to markups through dynamic pricing . [ 21 ]
In 2009, Live Nation and Ticketmaster, a concert promotion firm and ticketing company, reached an agreement to merge. The new company received regulatory approval and was named Live Nation Entertainment. [5] [6] Michael Rapino, then CEO of Live Nation, became the new company's CEO, while Ticketmaster CEO Irving Azoff was named executive ...
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