Exhibit 12.1
Live Nation, Inc.
Computation of Ratio of Earnings to Fixed Charges

(In thousands, except ratio)
                                         
    Year Ended  
    2006     2005     2004     2003     2002  
     
Income (loss) before income taxes, equity in earnings of nonconsolidated affiliates, and cumulative effect of a change in accounting principle
  $ (5,497 )   $ (68,855 )   $ 11,819     $ 67,010     $ 32,642  
Dividends and other received from nonconsolidated affiliates
                             
     
Total earnings
    (5,497 )     (68,855 )     11,819       67,010       32,642  
Fixed charges:
                                       
Interest expense
    37,218       52,496       45,474       44,203       62,606  
Amortization of loan fees
    *       *                    
Interest portion of rentals
    25,089       21,582       20,480       20,006       19,555  
     
Total fixed charges
    62,307       74,078       65,954       64,209       82,161  
Preferred stock dividends
                             
     
Total fixed charges and preferred stock dividends
    62,307       74,078       65,954       64,209       82,161  
Total earnings available for payment of fixed charges
  $ 56,810     $ 5,223     $ 77,773     $ 131,219     $ 114,803  
     
Ratio of earnings to fixed charges
    0.91       0.07       1.18       2.04       1.40  
     
Rental fees and charges
    71,683       61,664       58,513       57,159       55,872  
Interest rate
    35 %     35 %     35 %     35 %     35 %
 
*   Amortization of loan fees is included in interest expense.