Live Nation is devouring live music and the live music industry, according to the Wall Street Journal. The company’s “flywheel” approach fueled its rise and could lead to its breakup as the Department of Justice antitrust lawsuit continues.
In the latest live music industry news, private equity firm Providence Equity Partners has acquired Rock-It Cargo and its parent Global Critical Logistics. The company provides logistics services to concert tours, sports and other high-profile events.
Live music stocks followed the overall U.S. markets downward last week. On Monday morning, overall U.S. market futures fell as much as another 400 points.
With the internet and digital technologies driving rapid change within the music industry, articles about new releases and who has been hired and fired are no longer enough. Our up to the minute industry news alongside insightful commentary helps our readers sift through the rumors and developments to find the information they need to keep their businesses moving forward.
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