Live Nation's Artist Nation Division Redefines the Music Industry With Unified Rights Model
16/10/2007 19:38
PR Newswire
LOS ANGELES, October 16 /PRNewswire/ --
Live Nation President and Chief Executive Officer, Michael Rapino
announced today the structure behind its Artist Nation division. The new
division was formed to partner with artists to manage their diverse rights,
grow their fan bases and provide a direct connection to fans through the
global distribution platform and marketing proficiencies that have made Live
Nation the world's largest live music company. Artist Nation will service the
company's 10-year partnership with Madonna.
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Comprised of recorded music, merchandise, artist fan site/artist
ticketing, broadcast/digital media rights, sponsorship and marketing
divisions, Artist Nation is led by its Chairman and Chief Executive Officer
Michael Cohl.
Mr. Cohl commented, "Artist Nation works for the direct benefit of the
artist to better market their music across all their diverse businesses to
extend their fan base. Our company can leverage Live Nation's many assets in
order to help artists reach their fullest potential and deliver the ultimate
experience to the fan. This is really an extension of the work we have
already been doing with the Rolling Stones, U2 and many other bands over the
years. In order to execute this, Artist Nation has put together a superstar
team in every area of the music chain."
At the heart of the Artist Nation model are Live Nation's deep
relationships within the industry and its global distribution and marketing
platform which provides artists with access to hundreds of seasoned
marketing, promotion and production personnel and a team of nearly 200
national and local sponsorship employees. The Company is strategically
positioned in more than 80 offices in 18 countries around the world, with
over 160 venues, all servicing the 35 million fans that attend Live Nation
shows each year.
Through corporate alliances, direct marketing, mobile telephone
partnerships, online activities, fan websites and innumerable other powerful
tools, such as a growing ticket component and a growing database of over
25 million fans, Artist Nation is well positioned to exploit Live Nation
resources and build a better relationship between artists and their fans.
Artist Nation, headquartered in Miami, Florida, has a streamlined
infrastructure in place to execute on these additional revenue streams. In
total, Artist Nation currently has over 300 employees around the world and
relationships with more than 500 artists. As the Artist Nation division
continues to grow, its infrastructure will be supplemented to provide artists
with the best service possible while maintaining an efficient cost structure.
By itself the new Madonna partnership is expected to generate a
financially sound return for Madonna and for Live Nation shareholders, as the
partners work together over the next ten years to unlock the value of the
"Madonna Music Business." In addition, Live Nation believes the return will
be enhanced as it expects the Madonna partnership to attract other artists to
Artist Nation and accelerate growth.
Artist Nation's divisions are comprised of:
-- RECORDED MUSIC: Artist Nation's recorded music division serves in the
creation, production, marketing, promotion, sales and distribution of
artists' recorded rights.
-- MERCHANDISE: Artist Nation's merchandise division includes creative,
product development, sourcing, licensing, marketing and fulfillment
services under three brands:
-- Anthill Trading is a global merchandising company, representing
some of the most prestigious icons and trademarked properties in
music, entertainment and lifestyle. Anthill has relationships with
over 50 artists, including names such as AC/DC, Il Divo, Neil
Young, Pink Floyd, John Legend, Pearl Jam, Nelly Furtado, The
Police, The Rolling Stones, Run DMC, The Wu Tang Clan, and Frank
Zappa.
-- TRUNK, Ltd. is a specialty merchandise company that acquires
licenses primarily from music artists to design, manufacture and
sell authentic, limited edition apparel and accessories for men,
women and children through various distribution channels. TRUNK
has relationships with over 100 music artists.
-- Musictoday is the official online store for over 500 artists and
athletes, including Dave Matthews Band, Elvis Presley, and the
Rolling Stones.
-- ARTIST FAN SITES AND ARTIST TICKETING: Artist Nation's online division
provides more than 500 artists with fan club and website services and
artist fan ticketing products.
-- Ultrastar is the official artist website and fan club for over
20 artists including the Rolling Stones, The Police, Red Hot Chili
Peppers and Genesis. Ultrastar also produces and syndicates
original video content through its Virtual Ticket solution
delivering content to online video and exclusive DVD's. The
company also has full service marketing capabilities to integrate
and manage an artist's entire online presence through contests,
partnerships, affiliate marketing, social networking and grass
roots outreach.
-- Musictoday executes fan club ticketing for over 500 artists,
festivals and venues and also manages 25 fan websites for artists
such as John Mayer, Dave Matthews Band, Kenny Chesney, and Celine
Dion.
-- BROADCAST/DIGITAL MEDIA RIGHTS: Artist Nation's broadcast/digital
media rights division provides artists means to produce and distribute
live music audiovisual products.
-- Studios: Studios provides artists with seamless, integrated means
to produce and distribute live music audiovisual products. Studios
has produced more than 1,000 recordings, pioneering the delivery
of live concerts to 3G mobile phones in the U.S., helping artists
sell more than 250,000 CDs and digital downloads to date and
producing over 200 shows annually.
-- Media Rights: Media Rights develops and contracts media rights in
all forms of distribution, including television, home video,
internet, mobile, radio, digital cinema and other emerging
channels. Recent projects include DVD's for the Rolling Stones,
Mariah Carey and Barbra Streisand, and documentaries for Pete
Seeger and Harry Belafonte.
-- SPONSORSHIP AND MARKETING: Artist Nation's alliances group offers
music marketing and sponsorship opportunities that provide
unparalleled access to the overall music experience through long term
partnership programs. Artist Nation also works with Live Nation's
local and national sponsorship groups that employ over 200 sales
professionals. In addition, Artist Nation's Tour Design division
provides audio and visual production, post production, international
design and development, graphic design, and marketing creative
services.
ABOUT LIVE NATION:
Live Nation is the future of the music business. With the most live
concerts, music venues and festivals in the world and the most comprehensive
concert search engine on the web, Live Nation is revolutionizing the music
industry: onstage and online. Headquartered in Los Angeles, California, Live
Nation is listed on the New York Stock Exchange, trading under the symbol
"LYV." Additional information about the company can be found at
http://www.livenation.com under the "About Us" section.
Portions of this release may contain forward-looking statements regarding
future events and are subject to risks and uncertainties. Such statements
include, but are not limited to, statements regarding anticipated higher
margins and revenues, new revenue streams and growth opportunities, the
anticipated financial return associated with the Madonna transaction and the
expectation that such transaction will attract additional artists to Artist
Nation. Live Nation wishes to caution you that there are some factors that
could cause actual results to differ materially from any future results,
performance or achievements expressed or implied by such forward-looking
statements, including but not limited to difficulties in luring other artists
away from more traditional contract structures, operational challenges in
achieving strategic objectives and the risk that our markets do not evolve as
anticipated. Live Nation refers you to the documents it files from time to
time with the U.S. Securities and Exchange Commission, specifically the
section titled "Item 1A. Risk Factors" of Live Nation's most recent Annual
Report filed on Form 10-K, which contains and identifies other important
factors that could cause actual results to differ materially from those
contained in our projections or forward-looking statements. Stockholders and
other readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date on which they
are made. We undertake no obligation to update publicly or revise any
forward-looking statements.
Web site: http://www.livenation.com
John Vlautin of Live Nation, +1-310-867-7127, johnvlautin@livenation.com; Photo: http://www.newscom.com/cgi-bin/prnh/20071016/LATU116LOGO, http://www.newscom.com/cgi-bin/prnh/20070220/LATU096LOGO, AP Archive: http://photoarchive.ap.org, PRN Photo Desk, photodesk@prnewswire.com