FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  DILLER BARRY
2. Date of Event Requiring Statement (Month/Day/Year)
01/25/2010
3. Issuer Name and Ticker or Trading Symbol
Live Nation Entertainment, Inc. [LYV]
(Last)
(First)
(Middle)
C/O IAC/INTERACTIVE CORP, 555 WEST 18TH STREET
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

NEW YORK, NY 10011
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 2,535,732 (1)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units   (2)   (2) Common Stock, par value $0.01 15,684 $ 0 (2) D  
Restricted Stock Units   (3)   (3) Common Stock, par value $0.01 6,002 $ 0 (3) D  
Stock Option (buy) 06/07/2010(4) 06/07/2015 Common Stock, par value $0.01 707,644 (4) $ 29.68 (4) D  
Stock Option (buy) 06/07/2010(5) 06/07/2015 Common Stock, par value $0.01 412,791 (5) $ 39.95 (5) D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
DILLER BARRY
C/O IAC/INTERACTIVE CORP
555 WEST 18TH STREET
NEW YORK, NY 10011
  X      

Signatures

Michael Rowles, Attorney-in-Fact for Barry Diller 02/04/2010
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) In connection with the merger (the "Merger") of Ticketmaster Entertainment, Inc. ("Ticketmaster") with and into a wholly-owned subsidiary of the Issuer on January 25, 2010, each of the 1,719,872 shares of common stock, par value $0.01, of Ticketmaster ("Ticketmaster Common Stock") previously held by the Reporting Person was cancelled and converted into the right to receive 1.4743728 shares of common stock, par value $0.01 per share, of the Issuer ("Issuer Common Stock"). On January 25, 2010, the closing price of Issuer Common Stock as reported on the New York Stock Exchange was $10.51 per share, and the closing price of Ticketmaster Common Stock as reported on the NASDAQ Global Select Market was $15.40 per share.
(2) Received in connection with the Merger on January 25, 2010 in exchange for 10,638 Ticketmaster restricted stock units previously held by the Reporting Person. The Issuer restricted stock units vest in equal installments on January 8, 2011 and January 8, 2012.
(3) Received in connection with the Merger on January 25, 2010 in exchange for 4,071 Ticketmaster restricted stock units previously held by the Reporting Person. The Issuer restricted stock units were 50% vested on January 25, 2010, the Merger date, and the remainder vests on August 20, 2010.
(4) Received in connection with the Merger on January 25, 2010 in exchange for an option to acquire 479,963 shares of Ticketmaster Common Stock at an exercise price of $43.75 per share previously held by the Reporting Person. This option to acquire Issuer Common Stock vests in full on June 7, 2010.
(5) Received in connection with the Merger on January 25, 2010 in exchange for an option to acquire 279,978 shares of Ticketmaster Common Stock at an exercise price of $58.90 per share previously held by the Reporting Person. This option to acquire Issuer Common Stock vests in full on June 7, 2010.

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