Live Nation’s (LYV) live events business was originally founded by Robert Sillerman in 1996, sold to Clear Channel Communications in 2000, spun off as Live Nation in 2006 and merged with Ticketmaster, a specialist in ticketing software, in 2010. Since its formation the company has acquired or formed partnerships with promoters worldwide to produce live events and festivals. The partnerships enable promoters to retain independence and creative control over their events whilst plugging into Live Nation’s resources. The group owns or manages an enviable portfolio of venues and festivals, and has also developed