Approximately 20 percent of Live Nation Entertainment employees have been furloughed as part of the company's cost-cutting measures amid the spread of the novel coronavirus, company sources toldThe Hollywood Reporter on Friday. Those furloughs began in late April and affected hundreds of Ticketmaster employees.
Saudi Arabia’s Public Investment Fund Acquires $500 Million Stake in Live Nation
27.04.2020 - 18:21 / variety.com
The Public Investment Fund, Saudi Arabia’s sovereign-wealth fund, recently purchased a large stake in Live Nation Entertainment, the world’s largest live-entertainment company, according to SEC filings released Monday.
Public Investment disclosed that it owned a 5.7% stake in the company, a total of 12.3 million shares valued at approximately $500 million. The fund’s stake in Live Nation rose above 5% as of April 16, according to the filing. Public Investment is now Live Nation’s third-largest
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16.05.2020 / 17:33
Saudi Arabia's Investment Fund Adds Disney and Facebook to Holdings
Saudi Arabia's sovereign wealth fund, the Public Investment Fund, has acquired stakes in The Walt Disney Co., Facebook, Starbucks and other large U.S. public companies in the past few months.
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Ticketmaster Furloughs Hundreds of Employees as Part of $500 Million Cost Reduction Plan
Ticketmaster has furloughed hundreds of employees across multiple offices in North America, marking the first major employment cuts at the Live Nation-owned concert company in the face of the COVID-19 crisis. The company is considering additional cost saving measures, Billboard has learned, as it analyzes the possibility of having little to no revenue in 2020.
billboard.com
29.04.2020 / 20:19
Ticketmaster Furloughs Hundreds of Employees as Part of $500 Million Cost Reduction Plan
Ticketmaster has furloughed hundreds of employees across multiple offices in North America, marking the first major cuts at the Live Nation-owned concert company in the face of the COVID-19 crisis.More furloughs are likely at the company, Billboard has learned, catching some employees by surprise who said they were given assurances on multiple calls that the company would do everything it could to avoid cutting staff.But officials at Live Nation said that the furloughs were part of a series of
billboard.com
28.04.2020 / 04:07
What Does Live Nation Stock Purchase Say About Saudis' Approach to Entertainment?
Saudi Arabian Public Investment Fund (PIF)'s $500 million purchase of a 5.7% stake in Live Nation on the open market Monday (April 27) could indicate a more passive play for the entertainment business since the country has been largely shunned over the murder of journalist Jamal Khashoggi at the Saudi consulate in Istanbul last October.The gruesome murder was allegedly ordered by Saudi prince Mohammed bin Salman, according to reports by U.S.
billboard.com
27.04.2020 / 18:29
Saudi Arabia Purchases $500 Million Stake in Live Nation
The government of Saudi Arabia's sovereign wealth fund has acquired a 5.7 percent stake in Live Nation, the parent company of Ticketmaster.The Saudi Public Investment Fund disclosed the stake, comprising 12,337,569, shares in a filing with the Securities and Exchange Commission on Monday morning.Based on Live Nation’s share prices as of this writing, the investment is valued at just shy of $500 million.
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27.04.2020 / 17:59
Saudia Arabia Investment Fund Takes A 5.7% Stake In Live Nation
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25.04.2020 / 00:47
Live Nation Launches Ticket-Refund Site for Cancelled and Postponed Concerts
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23.04.2020 / 18:11
Liberty Media Moves Live Nation Stake From Formula One to SiriusXM
John Malone's Liberty Media said Thursday it was re-attributing its 33 percent stake in Live Nation Entertainment, along with other assets, from its Formula One Group to its SiriusXM tracking stock. The changes bring the live event and music company stake under the umbrella of audio entertainment giant SiriusXM, while strengthening the liquidity of racing circuit Formula One.
variety.com
21.04.2020 / 23:29
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