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Slide #50. Live Nation Entertainment — BDG Music Group
Live Nation Entertainment (NYSE:LYV)
BDG Music Group
Live Nation Entertainment, the world's leading live entertainment company, has acquired a majority stake in BDG Music Group, the Baltic region's largest concert promotion company. Since early 2012, BDG Music has produced more than 50 shows in the Baltics and sold more than 200,000 tickets. The group will retain its current management team, although upon completion of the deal, it will be renamed Live Nation Baltics. Full terms of the deal were not disclosed.
Live Nation Entertainment is a live entertainment company. Co.'s segments are: Concerts, which involves the global promotion of live music events, the operation and management of music venues, the production of music festivals, the creation of associated content and the provision of management and other services to artists; Ticketing, which is an agency business that sells tickets for events on behalf of its clients and retains a fee, or service charge, for these services; and Sponsorship and Advertising, which employs a sales force that creates and maintains relationships with sponsors that allow businesses to reach customers through its concert, festival, venue and ticketing assets.
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