Live Nation Reorganizes Its North American Operations to Enhance Focus on Core Music Business

01/24/2007

LOS ANGELES, Jan 24, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Live Nation (NYSE: LYV), the world's leading live music company, announced today that it has consolidated its North American music operations under the leadership of Bruce Eskowitz, who has been promoted to the newly created position of Chief Executive Officer - North American Music. The reorganization brings Live Nation's North American concert promotion, venue operation and sponsorship and alliances businesses under a single division, uniting their strategic business objectives.

"This reorganization reflects the evolution of our structure to focus on our core live music business," said Live Nation Chief Executive Officer Michael Rapino. "Our concert division is the engine that drives music fans to our local market venues which, in turn, generates sponsorship and alliances revenue for us. By uniting our concert booking division with our venues and alliances division under common leadership, we believe we will better align the divisions' agendas and achieve better results."

Mr. Eskowitz commented, "I look forward to taking on this increased responsibility and working to build Live Nation into the most successful live music company in the world. While we will continue to have executives dedicated to each of the concert promotion, venue management and alliances businesses within North American Music, operating these businesses together under one division will create a unified strategy and significant synergy."

In his new role, Mr. Eskowitz will direct the North American local and national live music strategy, including concert promotion, venue management and sponsorship/alliances. He will also oversee the management and expansion of the House of Blues clubs division, as well as the ongoing expansion of the company's venue portfolio into the small and midsize level.

Live Nation announced several additional promotions in connection with the reorganization of its North American Music business unit, all of which will report directly to Mr. Eskowitz:

  • Jason Garner has been promoted to the position of President of North
    American Concerts, where he will oversee concert promotion activities
    in the United States and Canada. He replaces Charlie Walker, who
    served in a similar capacity and who recently left the company to
    pursue other business opportunities.
  • Russell Wallach has been named President of Alliances, overseeing all
    national and local sponsorship activities.
  • Don Watson has been named Executive Vice President of House of Blues,
    overseeing the HOB-branded clubs and expansion.
  • David Shuman has been named Executive Vice President of North American
    finance.

Live Nation's music business is now comprised of four major divisions: (i) North American Music, led by Mr. Eskowitz, (ii) International Music, led by Carl Pernow (International) and Paul Latham (UK), (iii) Global Touring, led by Arthur Fogel, who is also Chairman of Global Music, and (iv) Global Digital, led by Bryan Perez.

About Live Nation

Live Nation is the world's leading live music company, annually connecting more than 60 million fans with their favorite performers at over 30,000 events. We are the largest producer of live concerts in the world, the second-largest venue management company and have a rapidly growing online presence. Live Nation creates superior experiences for artists and fans, regularly producing tours for the biggest superstars in the business, including The Rolling Stones, Barbra Streisand, Madonna, U2 and Coldplay. Globally, we own, operate and/or have booking rights for more than 170 venues, including House of Blues-branded music venues and prestigious locations such as San Francisco's Fillmore Auditorium, Nikon at Jones Beach in New York and London's Hammersmith Apollo and Wembley Arena. Live Nation's websites collectively are the second most popular entertainment event websites in the United States, according to Nielsen//NetRatings. Headquartered in Los Angeles, California, Live Nation is listed on the New York Stock Exchange, trading under the symbol "LYV." For more information regarding concerts near you, Live Nation and its businesses, please visit our website at www.LiveNation.com.

SOURCE Live Nation

John Vlautin of Live Nation, +1-310-867-7127, johnvlautin@livenation.com

http://www.livenation.com

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