Also: Live Nation acquires a majority stake in Portugal's MEO Arena, Oasis finds a tour merch partner in WMX and more.
This year, Live Nation has seen a marked increase in revenue from VIP experiences — and the strategy is catching on in other areas of the business as well.
The Kingdom’s sovereign wealth fund took a 5.7% stake in the concert promoter in April 2020.
The possibility of less regulation and pro-market policies led to record highs for the Dow, S&P 500 and Nasdaq composite indexes.
Political winds in the live space haven’t impacted expenditures by Phil Anschutz, Michael Rapino and more, as spending was mostly flat with 2020.
The touring giant said Michael Rapino had no business being deposed over the deadly crowd crush. But victims' lawyers argued that he was directly involved in key decisions.
Also: Oak View Group finds a Middle East partner, Dreamliner acquires two event logistics companies, atVenu raises $130 million and more.
The Billboard Global Music Index rose 4.1% to a record 1,873.87, bringing its year-to-date gain to 22.2%.
A total of 40 states, along with the District of Columbia, are now participating in the legal fight against the touring giant.
Four men are accusing the singer and several members of his entourage of attacking them backstage following a Texas stop on Brown's 11:11 Tour.
