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, 2012

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, 2012:

						Venue		Trademarks
			Revenue-	Client /		management		and
			generating	vendor	Non-compete	and		naming
			contracts	relationships	agreements	leaseholds	Technology	rights	Other	Total
			(in thousands)
Balance as of December 31, 2011:
	Gross carrying amount		$ 542,426	$ 330,575	$ 171,765	$ 116,772	$ 103,337	$ 24,517	$ 6,426	$ 1,295,818
	Accumulated amortization		(170,889)	(66,548)	(93,464)	(39,017)	(31,812)	(16,202)	(4,174)	(422,106)
		Net	371,537	264,027	78,301	77,755	71,525	8,315	2,252	873,712

	Gross carrying amount:
		Acquisitions	21,353	67,043	3,000	-	(2,336)	5,764	-	94,824
		Foreign exchange	3,205	(501)	(7)	1,450	(107)	334	38	4,412
		Other (1)	(39,219)	(9,073)	(4,197)	-	-	(12,356)	-	(64,845)
			(14,661)	57,469	(1,204)	1,450	(2,443)	(6,258)	38	34,391

	Accumulated amortization:
		Amortization expense	(51,140)	(38,721)	(19,254)	(9,046)	(15,881)	(2,012)	(337)	(136,391)
		Foreign exchange	(2,094)	(23)	(1)	(455)	13	(113)	(28)	(2,701)
		Other (1)	39,301	9,073	4,949	-	-	12,356	-	65,679
			(13,933)	(29,671)	(14,306)	(9,501)	(15,868)	10,231	(365)	(73,413)

Balance as of September 30, 2012:
	Gross carrying amount		527,765	388,044	170,561	118,222	100,894	18,259	6,464	1,330,209
	Accumulated amortization		(184,822)	(96,219)	(107,770)	(48,518)	(47,680)	(5,971)	(4,539)	(495,519)
		Net	$ 342,943	$ 291,825	$ 62,791	$ 69,704	$ 53,214	$ 12,288	$ 1,925	$ 834,690

__________________

(1)	Other includes netdowns of fully amortized or impaired assets. See further discussion of impairments below.

Weighted Average Lives of Additions to Definite-Lived Intangible Assets

The 2012 additions to definite-lived intangible assets have weighted-average lives as follows:

	Weighted-
	Average
	Life (years)

Revenue-generating contracts	12
Client/vendor relationships	9
Non-compete agreements	3
Technology	6
Trademarks and naming rights	10

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, 2012:

				Artist		Sponsorship
		Concerts	Ticketing	Nation	eCommerce	& Advertising	Other	Total
		(in thousands)
Balance as of December 31, 2011:
	Goodwill	$ 387,188	$ 577,131	$ 262,158	$ 224,562	$ 76,507	$ 13,037	$ 1,540,583
	Accumulated impairment losses	(269,902)	-	-	-	-	(13,037)	(282,939)
		117,286	577,131	262,158	224,562	76,507	-	1,257,644
	Recast balances (1):
	Fair value approach	-	47,086	-	(214,927)	167,841	-	-
	Specific allocation	-	9,635	-	(9,635)	-	-	-

Recast Balance as of January 1, 2012:
	Goodwill	387,188	633,852	262,158	-	244,348	13,037	1,540,583
	Accumulated impairment losses	(269,902)	-	-	-	-	(13,037)	(282,939)
		117,286	633,852	262,158	-	244,348	-	1,257,644

	Acquisitions - current year	62,047	-	1,348	-	-	-	63,395
	Acquisitions - prior year	-	2,380	(560)	-	-	-	1,820
	Foreign exchange	7,564	(470)	54	-	8,592	-	15,740

Balance as of September 30, 2012:
	Goodwill	456,799	635,762	263,000	-	252,940	13,037	1,621,538
	Accumulated impairment losses	(269,902)	-	-	-	-	(13,037)	(282,939)
		$ 186,897	$ 635,762	$ 263,000	$ -	$ 252,940	$ -	$ 1,338,599

___________

(1)	The beginning balance for the eCommerce segment has been recast to allocate goodwill to the Ticketing and Sponsorship & Advertising segments. The total consolidated amount remained unchanged.

Nonconsolidated Affiliates

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

	Nine Months Ended
	September 30,
	2012	2011
	(in thousands)
Revenue	$ 35,994	$ 34,217
Operating income	$ 19,201	$ 19,515
Net income	$ 14,505	$ 14,075

Asset and Liability Values at the Time of Disposal and the Resulting Gain or Loss Recorded

Divested Asset	Segment	Gain (Loss) on Sale of Operating Assets	Current Assets	Noncurrent Assets	Current Liabilities	Noncurrent Liabilities
		(in thousands)
2012 Divestiture
Ohio amphitheater	Concerts	$ 444	$ -	$ 5,400	$ 444	$ -

2011 Divestitures
Selma amphitheater	Concerts	$ 798	$ -	$ 3,206	$ -	$ -
Artist management company	Artist Nation	$ (1,256)	$ 3	$ 4,145	$ 119	$ -

- Definition

Tabular disclosure of equity method investments in common stock. The disclosure may include: (a) the name of each investee or group of investments for which combined disclosure is appropriate, (2) the percentage ownership of common stock, (3) the difference, if any, between the carrying amount of an investment and the value of the underlying equity in the net assets and the accounting treatment of difference, if any, and (4) the aggregate value of each identified investment based on its quoted market price, if available.

+ References + Details

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References + Details