Industry register
Who owns what in live music
A map of the ownership questions readers ask most, drawn only from relationships the register already documents and grades.
In short
Owning a live music business, operating it, promoting its shows and selling its tickets are four different relationships, and one company can hold any combination of them. Live Nation owns Ticketmaster, and AEG owns AXS and Goldenvoice. Each row below states a relationship exactly as strongly as its source does, with the date it was last verified, and links to the record that cites it.
Owner, operator, promoter, producer, ticketing provider
- Owner
- An owner holds equity in the business or asset. Ownership can be whole, majority or a minority stake, and the register records which a source states.
- Operator
- An operator runs a venue or event day to day under a lease, management agreement or license, without necessarily owning it.
- Promoter
- A promoter books talent, takes the financial risk on a show and settles with the artist; a promoter can work in a venue it neither owns nor operates.
- Producer
- A producer builds and runs a festival or event — site, stages, programming — which may be a different company from the brand owner.
- Ticketing provider
- A ticketing provider sells primary tickets under contract with a venue or promoter. A ticketing contract is not ownership of the venue or the event.
Live Nation and Ticketmaster
Live Nation Entertainment
| Documented relationship | Status | Verified |
|---|---|---|
| Ticketmaster is a subsidiary of Live Nation Entertainment. | confirmed | |
| Live Nation Entertainment holds a majority stake in C3 Presents. | confirmed | |
| Live Nation Entertainment owns AC Entertainment. | reported | |
| Live Nation Entertainment holds a minority investment in Insomniac Events. | reported | |
| Live Nation Entertainment holds a majority stake in Founders Entertainment. | reported | |
| Live Nation Entertainment holds a majority stake in Frank Productions. | reported | |
| Live Nation Entertainment holds a majority stake in Emporium Presents. | confirmed | |
| Live Nation Entertainment operates Hollywood Palladium. | confirmed | |
| Live Nation Entertainment owns Bonnaroo Music and Arts Festival. | confirmed | |
| Live Nation Entertainment owns Voodoo Music + Arts Experience. | confirmed |
Ticketmaster
| Documented relationship | Status | Verified |
|---|---|---|
| Ticketmaster is a subsidiary of Live Nation Entertainment. | confirmed | |
| TicketWeb is a subsidiary of Ticketmaster. | confirmed |
AEG, AXS and Goldenvoice
Anschutz Entertainment Group
| Documented relationship | Status | Verified |
|---|---|---|
| Anschutz Entertainment Group is a subsidiary of The Anschutz Corporation. | confirmed | |
| AEG Presents is a subsidiary of Anschutz Entertainment Group. | confirmed | |
| AXS is a subsidiary of Anschutz Entertainment Group. | confirmed | |
| Anschutz Entertainment Group owns Crypto.com Arena. | confirmed | |
| Anschutz Entertainment Group holds a minority investment in T-Mobile Arena. | reported |
AEG Presents
| Documented relationship | Status | Verified |
|---|---|---|
| AEG Presents is a subsidiary of Anschutz Entertainment Group. | confirmed | |
| Goldenvoice is a subsidiary of AEG Presents. | confirmed | |
| The Bowery Presents is a subsidiary of AEG Presents. | confirmed | |
| AEG Presents owns Firefly Music Festival. | confirmed |
AXS
| Documented relationship | Status | Verified |
|---|---|---|
| AXS is a subsidiary of Anschutz Entertainment Group. | confirmed |
Goldenvoice
| Documented relationship | Status | Verified |
|---|---|---|
| Goldenvoice is a subsidiary of AEG Presents. | confirmed |
Coachella Valley Music and Arts Festival
No ownership relationship is recorded for this entity; see its record for operating and promotion relationships.
C3 Presents and Lollapalooza
C3 Presents
| Documented relationship | Status | Verified |
|---|---|---|
| Live Nation Entertainment holds a majority stake in C3 Presents. | confirmed |
Lollapalooza
No ownership relationship is recorded for this entity; see its record for operating and promotion relationships.
Insomniac
Independent-rooted promoter structures
The Bowery Presents
| Documented relationship | Status | Verified |
|---|---|---|
| The Bowery Presents is a subsidiary of AEG Presents. | confirmed |
Sources for every relationship are cited on the linked register records. The register does not estimate market share. Last register review 2026-08-20. See the register methodology and all industry records.