Live Nation Entertainment Inc was incorporated in Delaware in August 2, 2005 in preparation for the contribution and transfer by Clear Channel of substantially all of its entertainment assets and liabilities to it. On January 25, 2010, it merged with Ticketmaster. Effective on the date of the Merger, Ticketmaster became a wholly-owned subsidiary of Live Nation and Live Nation, Inc. changed its name to Live Nation Entertainment, Inc., The Company is a live entertainment company in the world, connecting nearly 400 million fans across all of platforms to over 240,000 events in approximately 33 countries. live entertainment company in the world, connecting nearly 400 million fans across all of its platforms to over 240,000 events in approximately 33 countries. The Company produces live music concerts in the world, based on total fans that attend Live Nation events as compared to events of other promoters, connecting nearly 60 million fans to almost 23,000 events forover 3,000 artists in 2013. Globally, Live Nation owns, operates, has exclusive booking rights for or has an equity interest in 148 venues, including House of Blues music venues and prestigious locations such as The Fillmore in San Francisco, the Hollywood Palladium, the Ziggo Dome in Amsterdam and The O2 Dublin. The Company is a live entertainment ticketing sales and marketing company, based on the number of tickets sell. Ticketmaster provides ticket sales, ticket resale services and marketing and distribution globally through www.ticketmaster.com and www.livenation.com, numerous retail outlets and call centers. Ticketmaster serves clients across multiple event categories, providing ticketing services for arenas, stadiums, professional sports franchises and leagues, college sports teams, performing arts venues, museums and theaters. It is also a artist management company based on the number of artists represented. Its artist management companies manage musical artists and actsin the rock, classic rock, pop and country music genres. As of December 31, 2013, had over 60 managers providing services to approximately 240 artists. It over 129 million customers in its database based on visitors to www.livenation.com and www.ticketmaster.com and its other online properties. The Company operates in five main industries within the live entertainment business, including live music events, venue operations, ticketing services, sponsorship and advertising sales and artist management and services. The Companys reportable segments are Concerts, Ticketing, Artist Nation and Sponsorship & Advertising. Its main competitors in the live music industry include Anschutz Entertainment Group, or AEG, and C3 Presents, in addition to numerous smaller regional companies and various casinos in North America and Europe. In markets where own or operate a venue, the company compete with other venues to serve artists likely to perform in that general region. Consequently, touring artists have various alternatives to its venues when scheduling tours. The Companys main competitors in venue management include SMG, AEG, The Nederlander Organization and The Bowery Presents. The Company is subject to federal, state and local laws, both domestically and internationally, governing matters such as: construction, renovation and operation of its venues; licensing, permitting and zoning, including noise ordinances; and the service of food and alcoholic beverages.
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