Live Nation Announces Launch of Consent Solicitation for Ticketmaster’s 10.75% Senior Notes Due 2016

Upon the terms and subject to the conditions set forth in the Consent Solicitation Statement dated April 22, 2010 (the "Consent Solicitation Statement") and the related Consent Letter ("Consent Letter"), Live Nation will pay a consent payment in the amount of $7.50 per $1,000 principal amount of Notes for valid consents received from holders of record of Notes as of 5:00 p.m., New York City time, on April 21, 2010. If the Proposed Amendments are approved and a supplemental indenture is validly entered into, the supplemental indenture would bind all holders of the Notes, including those that did not give their consent, but non-consenting holders would not receive the consent payment.

The Consent Solicitation is scheduled to expire at 5:00 p.m., New York City time, on April 30, 2010, unless extended or earlier terminated. The Consent Solicitation is subject to the satisfaction of certain conditions, including Live Nation’s receipt of consents representing a majority of the holders of Notes from whom consent is sought, as well as other customary conditions.

Live Nation has engaged J.P. Morgan Securities Inc. to act as the solicitation agent in connection with the Consent Solicitation. i-Deal LLC ("i-Deal") will serve as the information and tabulation agent for the Consent Solicitation. None of Live Nation, Ticketmaster, their respective boards of directors, the solicitation agent or the information and tabulation agent is making any recommendation to holders as to whether to consent or refrain from consenting to the Proposed Amendments.

This press release is for information purposes only and is not an offer to purchase or sell, a solicitation of an offer to purchase or sell, or a solicitation of consents with respect to any securities. The Consent Solicitation is made solely by means of the Consent Solicitation Statement and the related Consent Letter. These materials contain important information that should be read carefully before any decision is made with respect to the Consent Solicitation. Requests for the Consent Solicitation Statement and the related Consent Letter may be directed to i-Deal by telephone at (201) 499-3500 (collect) or (877) 746-3583 (toll free). Questions regarding the Consent Solicitation may be directed to J.P. Morgan Securities Inc. at (212) 270-1494.

Forward-Looking Statements

This press release contains forward-looking statements regarding Live Nation’s intention to solicit consents to the Proposed Amendments for the Notes. There is no assurance that Live Nation will successfully complete the proposed Consent Solicitation. Investors should not place undue reliance on forward-looking statements as predictions of future results. Live Nation undertakes no obligation to update or revise any forward-looking statements to reflect developments or information obtained after the date of this press release.

Information found on Live Nation’s website is not incorporated by reference.

First Call Analyst:
FCMN Contact: [email protected]

SOURCE: Live Nation

CONTACT: Linda Bandov of Live Nation, +1-310-867-7000,
[email protected]