Live Nation Continues Expansion In Asia Through Creation Of Joint Venture With
Leading Japanese Promoter Creativeman
LOS ANGELES, Feb. 23, 2012
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 Concertsproduces 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.
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
SOURCE Live Nation Entertainment
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