Live Nation Entertainment Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

LONG-LIVED ASSETS (Tables)

LONG-LIVED ASSETS (Tables)

9 Months Ended

Sep. 30, 2011

Gross Carrying Amount and Accumulated Amortization of Definite-Lived Intangible Assets

The following table presents the changes in the gross carrying amount and accumulated amortization of definite-lived intangible assets for the nine months ended September 30, 2011:

	Balance												Foreign			Balance
	as of												Currency			as of
	December 31,									Amortization			and			September 30,
	2010			Acquisitions			Divestitures			Expense			Other (1)			2011
	(in thousands)
Revenue-generating contracts:
Gross carrying amount	$	482,588		$	31,190		$	-		$	-		$	17,182		$	530,960
Accumulated amortization		(112,575	)		-			-			(44,280	)		787			(156,068	)
Net		370,013			31,190			-			(44,280	)		17,969			374,892
Client/vendor relationships:
Gross carrying amount		365,344			(10,174	)		(4,299	)		-			(16,531	)		334,340
Accumulated amortization		(30,314	)		-			361			(27,464	)		279			(57,138	)
Net		335,030			(10,174	)		(3,938	)		(27,464	)		(16,252	)		277,202
Non-compete agreements:
Gross carrying amount		175,740			(5,178	)		(100	)		-			101			170,563
Accumulated amortization		(68,833	)		-			61			(19,021	)		487			(87,306	)
Net		106,907			(5,178	)		(39	)		(19,021	)		588			83,257
Venue management and leaseholds:
Gross carrying amount		115,225			3,828			-			-			(1,810	)		117,243
Accumulated amortization		(30,878	)		-			-			(8,000	)		2,030			(36,848	)
Net		84,347			3,828			-			(8,000	)		220			80,395
Technology:
Gross carrying amount		95,102			1,614			-			-			386			97,102
Accumulated amortization		(11,797	)		-			-			(14,880	)		(126	)		(26,803	)
Net		83,305			1,614			-			(14,880	)		260			70,299
Trademarks and naming rights:
Gross carrying amount		23,998			105			-			-			(1,596	)		22,507
Accumulated amortization		(9,522	)		-			-			(6,246	)		1,685			(14,083	)
Net		14,476			105			-			(6,246	)		89			8,424
Other:
Gross carrying amount		6,429			12			-			-			(17	)		6,424
Accumulated amortization		(3,239	)		-			-			(841	)		24			(4,056	)
Net		3,190			12			-			(841	)		7			2,368
Total:
Gross carrying amount		1,264,426			21,397			(4,399	)		-			(2,285	)		1,279,139
Accumulated amortization		(267,158	)		-			422			(120,732	)		5,166			(382,302	)
Net	$	997,268		$	21,397		$	(3,977	)	$	(120,732	)	$	2,881		$	896,837

Weighted Average Lives of Additions to Definite-Lived Intangible Assets

The 2011 additions to definite-lived intangible assets have weighted average lives as follows:

	Weighted
	Average
	Life (years)

Revenue-generating contracts	10
Non-compete agreements	2
Venue management and leaseholds	6
Technology	7
Trademarks and naming rights	4
Other	1

All categories	9

Changes in Goodwill by Segment

The following table presents the changes in the carrying amount of goodwill in each of the Company's segments for the nine months ended September 30, 2011:

						Artist
	Concerts			Ticketing		Nation			eCommerce		Sponsorship		Other			Total
	(in thousands)
Balance as of December 31, 2010:
Goodwill	$	375,487		$	557,856	$	267,992		$	214,927	$	80,056	$	13,037		$	1,509,355
Accumulated impairment
losses		(269,902	)		-		-			-		-		(13,037	)		(282,939	)
Net		105,585			557,856		267,992			214,927		80,056		-			1,226,416

Acquisitions - current year		1,769			17,955		-			-		-		-			19,724
Acquisitions - prior year		(1	)		2,956		(7,592	)		-		-		-			(4,637	)
Dispositions		-			-		(147	)		-		-		-			(147	)
Foreign currency		2,807			609		-			-		2,980		-			6,396
Balance as of September 30, 2011:
Goodwill		380,062			579,376		260,253			214,927		83,036		13,037			1,530,691
Accumulated impairment
losses		(269,902	)		-		-			-		-		(13,037	)		(282,939	)
Net	$	110,160		$	579,376	$	260,253		$	214,927	$	83,036	$	-		$	1,247,752

Summarized Unaudited Income Statement Information for Nonconsolidated Affiliate

Summarized unaudited income statement information for the Company's significant nonconsolidated affiliate is as follows (at 100 percent):

	Nine Months Ended
	September 30,
	2011		2010
	(in thousands)
Revenue	$	34,217	$	27,668
Operating income	$	19,515	$	16,049
Net income	$	14,075	$	10,580

Long-Lived Asset Disposals

The table below summarizes the asset and liability values at the time of disposal and the resulting loss or gain recorded.

Divested Asset	Segment	Gain (Loss) on Sale			Current Assets		Noncurrent Assets		Current Liabilities		Noncurrent Liabilities
		(in thousands)
2011 Divestiture
Selma amphitheater	Concerts	$	798		$	-	$	3,206	$	-	$	-
Artist management company	Artist Nation	$	(1,256	)	$	3	$	4,145	$	119	$	-

2010 Divestiture
Paciolan	Ticketing	$	(5,218	)	$	8,357	$	33,492	$	7,595	$	6,364

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References + Details

- Definition

Tabular disclosure of goodwill by reportable segment and in total. Disclosure details may include, but are not limited to, the carrying amount of goodwill, goodwill acquired during the year, goodwill impairment losses recognized, goodwill written-off due to the sale of a business unit, goodwill not yet allocated, and any other changes to goodwill.

+ References + Details