Quarterly report pursuant to Section 13 or 15(d)

SEGMENT DATA

v2.4.0.6
SEGMENT DATA
 3 Months Ended
Mar. 31, 2012
SEGMENT DATA [Abstract]  
SEGMENT DATA
NOTE 10-SEGMENT DATA
 
The Company's reportable segments are Concerts, Ticketing, Artist Nation and Sponsorship & Advertising. Prior to 2012, the Company reported an eCommerce segment, which is now included in the Ticketing and Sponsorship & Advertising segments. Specifically, all online advertising and online sponsorships are now part of the Sponsorship & Advertising segment while all other activity has been included in the Ticketing segment. This change was made to be consistent with how the four key components of the business are now being managed.
 
The Concerts segment involves the promotion of live music events globally in the Company's owned and/or operated venues and in rented third-party venues, the production of music festivals and the operation and management of music venues and is the aggregation of the Company's North American Concerts and International Concerts operating segments. The Ticketing segment involves the management of the Company's global ticketing operations including providing ticketing software and services to clients and online access for customers relating to ticket and event information and is responsible for the Company's primary websites, www.livenation.com and www.ticketmaster.com. The Ticketing segment is the aggregation of the Company's North American Ticketing and International Ticketing operating segments. The Artist Nation segment provides management services to artists and other services including merchandise, artist fan sites and VIP tickets and is the aggregation of the Company's Artist Management and Artist Services operating segments. The Sponsorship & Advertising segment manages the development of strategic sponsorship programs in addition to the sale of international, national and local sponsorships and placement of advertising including signage, promotional programs and banner ads in the Company's owned and/or operated venues and on its primary websites.
 
 The Company has reclassified all periods to conform to the current period presentation. Revenue and expenses earned and charged between segments are eliminated in consolidation. Corporate expenses and all line items below operating income (loss) are managed on a total company basis.
 
The Company manages its working capital on a consolidated basis. Accordingly, segment assets are not reported to, or used by, the Company's management to allocate resources to or assess performance of the segments, and therefore, total segment assets have not been disclosed.
 
The following table presents the results of operations for the Company's reportable segments for the three months ending March 31, 2012 and 2011:
 
 
 
 
 
 
 
 
Artist
 
 
Sponsorship
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Concerts
 
 
Ticketing
 
 
Nation
 
 
& Advertising
 
 
Other
 
 
Corporate
 
 
Eliminations
 
 
Consolidated
 
 
(in thousands)
 
Three Months Ended March 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
448,699
 
 
$
326,544
 
 
$
61,405
 
 
$
36,128
 
 
$
776
 
 
$
-
 
 
$
(5,555
 )
 
$
867,997
 
Direct operating expenses
 
 
343,353
 
 
 
151,875
 
 
 
40,638
 
 
 
6,721
 
 
 
1,485
 
 
 
-
 
 
 
(5,358
 )
 
 
538,714
 
Selling, general and administrative expenses
 
 
131,618
 
 
 
103,328
 
 
 
24,088
 
 
 
8,789
 
 
 
312
 
 
 
-
 
 
 
-
 
 
 
268,135
 
Depreciation and amortization
 
 
28,362
 
 
 
39,166
 
 
 
11,612
 
 
 
39
 
 
 
12
 
 
 
719
 
 
 
(197
 )
 
 
79,713
 
Loss (gain) on sale of operating assets
 
 
(470
 )
 
 
(90
 )
 
 
-
 
 
 
-
 
 
 
272
 
 
 
-
 
 
 
-
 
 
 
(288
 )
Corporate expenses
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
23,217
 
 
 
-
 
 
 
23,217
 
Acquisition transaction expenses
 
 
814
 
 
 
(20
 )
 
 
50
 
 
 
-
 
 
 
-
 
 
 
465
 
 
 
-
 
 
 
1,309
 
Operating income (loss)
 
$
(54,978
 )
 
$
32,285
 
 
$
(14,983
 )
 
$
20,579
 
 
$
(1,305
 )
 
$
(24,401
 )
 
$
-
 
$
(42,803
 )
Intersegment revenue
 
$
3,481
 
 
$
882
 
 
$
1,192
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
(5,555
 )
 
$
-
 
Capital expenditures
 
$
3,255
 
 
$
18,331
 
 
$
133
 
 
$
756
 
 
$
-
 
 
$
908
 
 
$
-
 
 
$
23,383
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2011
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
449,270
 
 
$
317,509
 
 
$
54,136
 
 
$
33,071
 
 
$
799
 
 
$
332
 
 
$
(5,708
 )
 
$
849,409
 
Direct operating expenses
 
 
366,154
 
 
 
144,679
 
 
 
34,881
 
 
 
6,207
 
 
 
-
 
 
 
711
 
 
 
(5,508
 )
 
 
547,124
 
Selling, general and administrative expenses
 
 
126,301
 
 
 
90,192
 
 
 
47,306
 
 
 
8,613
 
 
 
557
 
 
 
-
 
 
 
-
 
 
 
272,969
 
Depreciation and amortization
 
 
26,413
 
 
 
37,252
 
 
 
13,481
 
 
 
99
 
 
 
14
 
 
 
422
 
 
 
(200
 )
 
 
77,481
 
Loss (gain) on sale of operating assets
 
 
(12
 )
 
 
(10
 )
 
 
1,241
 
 
 
-
 
 
 
76
 
 
 
-
 
 
 
-
 
 
 
1,295
 
Corporate expenses
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
21,036
 
 
 
-
 
 
 
21,036
 
Acquisition transaction expenses
 
 
(4,854
 )
 
 
269
 
 
 
592
 
 
 
-
 
 
 
-
 
 
 
5,658
 
 
 
-
 
 
 
1,665
 
Operating income (loss)
 
$
(64,732
 )
 
$
45,127
 
 
$
(43,365
 )
 
$
18,152
 
 
$
152
 
 
$
(27,495
 )
 
$
-
 
 
$
(72,161
 )
Intersegment revenue
 
$
460
 
 
$
3,993
 
 
$
1,255
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
(5,708
 )
 
$
-
 
Capital expenditures
 
$
3,675
 
 
$
11,145
 
 
$
481
 
 
$
12
 
 
$
-
 
 
$
2,927
 
 
$
-
 
 
$
18,240