July 16, 2010
After noting during an investors meeting that ticket sales for the top 100 touring bands are down 12% this year,
Live Nation
Entertainment's major executives went on the defensive
Thursday, blaming the press for "scaring" artists from touring
and arguing that acts need to alter their pricing strategies.
The company's CEO, Michael Rapino, and executive chairman, Irving Azoff, painted a grim picture for the second half of 2010 yet noted that
major artist tours, and a more customer-service-focused approach, were
on tap for 2011.
Journey,
Kenny Chesney,
Neil
Diamond,
Van Halen and
Fleetwood Mac
were among the artists cited by Azoff as plotting outings in 2011. He
added that
Christina Aguilera, whose 2010 summer tour
was taken off the docket, would be on the road next year. He also noted
that more dates are on the horizon from the cast of "
Glee,"
the hit Fox musical-comedy.
More:
http://latimesblogs.latimes.com/music_blog/2010/07/a-kinder-friendl...