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Music Industry Leader Signs Long-Term Extension With Live Nation Entertainment

Stocks in this article: LYV

LOS ANGELES, Dec. 17, 2012 /PRNewswire/ -- Live Nation Entertainment, Inc. (NYSE: LYV) announced today that Arthur Fogel has signed a long-term extension to continue his role as the Chairman of Global Music and the CEO of Global Touring.

In a storied music career that spans three decades, Fogel has been involved with promoting or producing 11 of the top 15 tours in history, including U2's 360 Tour (2009-2011), which is the single most successful tour ever, selling over seven million tickets. He produced each of Madonna's last five tours, including the most recent MDNA recognized as the top tour of 2012. Fogel is currently producing and promoting Lady Gaga's world tour, Born this Way Ball, and he produced and promoted Lady Gaga's Monster Ball Tour, the highest grossing debut tour in history. His long-established clients including Sting, Neil Young, Rush and David Bowie continue to have their tours promoted by Fogel. And most recently, Rihanna selected Fogel to promote her upcoming tour beginning in March of 2013.

"We are delighted that Arthur has decided to continue his illustrious career at Live Nation," said Michael Rapino, president and CEO of Live Nation Entertainment. "We look forward to continuing to expand our global touring activity under Arthur's leadership."

"Since Live Nation was launched in 2005 the vision and leadership of Michael Rapino has positioned this company as the very best in the live entertainment industry. There is nowhere else I would want to be," said Arthur Fogel, chairman of global music and the CEO of global touring.

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 almost 27 million monthly unique visitors. Live Nation Concerts produces over 22,000 shows annually for more than 2,300 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 nearly 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.

SOURCE Live Nation Entertainment, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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