EXHIBIT 5.1

March 3, 2009

Live Nation, Inc.

9348 Civic Center Drive

Beverly Hills, California 90210

Ladies and Gentlemen:

We have acted as special counsel to Live Nation, Inc., a Delaware corporation (the “Company”), in connection with the registration of an aggregate of 6,500,000 additional shares of common stock, $0.01 par value per share (the “Shares”), of the Company, and associated Series A Junior Participating Preferred Stock purchase rights (the “Rights”) to be issued pursuant to the Rights Agreement, dated as of December 21, 2005, between the Company and The Bank of New York, as rights agent, issuable pursuant to the Live Nation, Inc. Employee Stock Bonus Plan, as amended (the “Plan”). The Shares and associated Rights are included in a registration statement on Form S-8 under the Securities Act of 1933, as amended (the “Act”), filed with the Securities and Exchange Commission (the “Commission”) on March 3, 2009 (the “Registration Statement”). This opinion is being furnished in connection with the requirements of Item 601(b)(5) of Regulation S-K under the Act, and no opinion is expressed herein as to any matter pertaining to the contents of the Registration Statement or any related Prospectus, other than as expressly stated herein with respect to the issuance of the Shares and associated Rights.

As such counsel, we have examined such matters of fact and questions of law as we have considered appropriate for purposes of this letter. With your consent, we have relied upon certificates and other assurances of officers of the Company and others as to factual matters without having independently verified such factual matters. We are opining herein as to the General Corporation Law of the State of Delaware, and we express no opinion with respect to any other laws.

Subject to the foregoing and the other matters set forth herein, it is our opinion that, as of the date hereof, when the Shares shall have been duly registered on the books of the transfer agent and registrar therefor in the name or on behalf of the recipient, and have been issued by the Company in the circumstances contemplated by the Plan, the issuance of the Shares will have been duly authorized by all necessary corporate action of the Company, and the Shares and associated Rights will be validly issued, and the Shares will be fully paid and nonassessable.

This opinion is for your benefit in connection with the Registration Statement and may be relied upon by you and by persons entitled to rely upon it pursuant to the applicable provisions of the Act. We consent to your filing this opinion as an exhibit to the Registration Statement. In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Commission thereunder.