This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Live Nation Continues Expansion In Asia Through Creation Of Joint Venture With Leading Japanese Promoter Creativeman

Stocks in this article: LYV

LOS ANGELES, Feb. 23, 2012 /PRNewswire/ -- Live Nation Entertainment, Inc. (NYSE: LYV) and Creativeman Productions in Tokyo, Japan today announced the formation of Live Nation Japan, a joint venture between the two companies.

"We are very pleased to announce Live Nation's entry into Japan and to have such a credible partner as Creativeman, which has a long and proven track record of promoting major artists as well as developing highly successful festivals," stated Michael Rapino, President and Chief Executive Officer of Live Nation Entertainment.  "Expanding our presence in Asia reflects our commitment to growing our business internationally in a region that is becoming increasingly important for touring artists."

"We are very excited to be a part of Live Nation Japan and for Creativeman this is an important milestone that opens up many exciting opportunities to leverage our capabilities," says Naoki Shimizu, CEO Creativeman.  "Creativeman and Live Nation Japan will together be able to bring more concerts to Japan, develop existing and new festivals and also leverage Live Nation's vast experience of promoting some of the best tours globally.  This will lead to very exciting times ahead for all Japanese music fans."

Creativeman is the leading promoter of international artists in Japan, the 2nd largest live music market in the world, presenting 290 concerts in 2011 for both international and Japanese artists.  They are also the producers of the iconic Summer Sonic festival, which reached an all time high in 2011, its 12th year, with an attendance of 200,000 in Tokyo and Osaka.

Live Nation Japan, which will be based in Tokyo and led by Frank Takeshita of Creativeman, will promote both international and Japanese artists.  The company will be the promoter for all Live Nation tours coming through Japan and work with Creativeman to develop and expand the highly successful Summer Sonic, Springroove, Punkspring and Loud Park Festivals.  The launch of Live Nation Japan means that Live Nation is now present in six markets across Asia Pacific, including the four largest markets in the region: China, Japan, Australia and South Korea.  As well as promoting international and Japanese artists, Live Nation Japan also expects to promote artists from other parts of the region, in particular K-pop which is extremely popular across Japan.

The first concert for Live Nation Japan will be Lady Gaga's Born This Way Ball on 10 May in Tokyo.

About Live Nation Entertainment:

Live Nation Entertainment is the world's leading live entertainment and eCommerce company, comprised of four market leaders: Ticketmaster.com, Live Nation Concerts, Front Line Management Group and Live Nation Network.   Ticketmaster.com is the global event ticketing leader and one of the world's top five eCommerce sites, with over 26 million monthly unique visitors.  Live Nation Concerts produces over 20,000 shows annually for more than 2,000 artists globally.  Front Line is the world's top artist management company, representing over 250 artists.  These businesses power Live Nation Network, the leading provider of entertainment marketing solutions, enabling over 800 advertisers to tap into the 200 million consumers Live Nation delivers annually through its live event and digital platforms. For additional information, visit www.livenation.com/investors.  

About Creativeman:

Creativeman was established in 1990 and has been promoting international artists in Japan since then. Some of the artists that have been promoted by Creativeman are: Radiohead, Green Day, The Offspring, Beastie Boys, Eminem, Black Eyed Peas, Motley Crue, Guns N' Roses, Arctic Monkeys, Linkin Park, Daft Punk, Radiohead, Coldplay, Megadeth, Judas Priest, Arctic Monkeys, Ne-Yo, Beyonce, Green Day, Nickelback, Muse, Back Street Boys, Whitney Houston, Taylor Swift, Katy Perry and many others.

Creativeman further operates Summer Sonic that started in 2000 and has gained a global recognition and attraction. Creativeman also organizes Punkspring, Springroove and Loud Park festivals which together attracts 50,000 visitors annually.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,770.57 -7.58 -0.04%
S&P 500 2,067.30 +6.07 0.29%
NASDAQ 4,762.7940 +14.3980 0.30%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs