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Live Nation invests $1 billion in U.S. music venues

Live Nation Entertainment has announced that it is investing $1 billion to build eighteen new and revitalized live music venues, bringing more big shows to smaller cities across America. According to Oxford Economics, this investment will spur $2.9 billion in total economic impact, including spending on engineering, development, and construction, along with $1.4 billion in annual economic impact for local communities once these venues begin welcoming fans.

In the next eighteen months, Live Nation Entertainment will open doors or break ground on eighteen new venues ranging from intimate clubs to large outdoor amphitheaters in communities including: Allentown, Pennsylvania; Atlanta, Georgia; Birmingham, Alabama; Denver, Colorado; Indianapolis, Indiana; Memphis, Tennessee; Milwaukee, Wisconsin; Nashville, Tennessee; Orlando, Florida; Portland, Maine; Portland, Oregon; Pittsburgh, Pennsylvania; Raleigh, North Carolina; Richmond, Virginia; Riverside, Missouri; Seattle, Washington; Shakopee, Minnesota; and Virginia Beach, Virginia.

This investment comes at a time when Live Nation has more optimism about the live entertainment industry than ever before, driven by ticketing reforms and growing fan demand. The company has voiced full support for President Trump’s March 31 Executive Order targeting ticket scalpers, as the resale industry siphons over $10 billion a year from consumers and artists.

Strengthening protections for artists and their fans shall help fuel greater industry growth while keeping more dollars in the local communities where live events take place. “Our mission is simple: help artists deliver more unforgettable live experiences - and in doing so, create jobs, revive cities, and lift up the communities we touch”, says Live Nation CEO Michael Rapino.

The company announced this massive new investment program as it is gearing up for its biggest year of live music ever. To support this historic run, Live Nation venues have hired 37,000 U.S. workers to help deliver the events. The company is also continuing efforts to provide over 1 million tickets to summer shows across the nation for just $30.

Live Nation’s portfolio of 150 premier venues across the United States represents roughly four percent of all music venues nationwide. Since the economic boom in 2017, Live Nation has continually reinvested to expand the live music industry to help artists and fans share more live music.

In 2024, Live Nation promoted tours for 400 American artists on global stages, reaching over sixteen million fans - a 250 percent increase since 2016. These tours generate significant revenue for the American economy, while also expanding the reach and influence of American music worldwide.

The majority of shows promoted by Live Nation take place in venues it does not own, supporting thousands of independent and third-party venues across the country. In 2024, the company promoted nearly 6,000 shows in U.S. clubs and theaters outside its own portfolio - more than triple the number from a decade ago.

Live Nation is among the largest regular annual employers in the country. In 2025, Live Nation filled 37,000 new jobs in the United States, setting the industry standard with a $20 minimum wage for most crew positions supporting events across the country. The number of touring artists Live Nation supports has surged from 8,200 in 2016 to 13,000 in 2024 - a growth of nearly sixty percent.

Live Nation invested $14 billion in artists in 2024, more than triple the $4.4 billion invested in 2016. This supports headliners and rising stars, with a 25 percent increase in payouts to club and theater acts since 2019 alone. Live Nation also supported over 9,000 developing artists through its “On The Road Again” program. By helping artists keep 100 percent of their merchandise revenue, the program returned tens of millions of dollars back to them.

Live Nation has been advocating for FAIR Ticketing reforms for many years and fully supports President Trump’s Executive Order of March 31, 2025, to end price gouging by resale middlemen scalping tickets. Sixty-five percent of all tickets Live Nation helps artists sell are under $100 - just two percent are more than $500.

Live Nation organizes an annual summer sale of $30 tickets to hundreds of shows delivering millions of low cost seats to shows all summer. Live Nation Entertainment’s ticketing division, Ticketmaster, spends millions of dollars each year to protect fans by blocking “bots” used by scalpers and ticket resellers.

(Photos: Live Nation Entertainment)

www.livenationentertainment.com

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