Over 20 live music businesses in the US have announced their support of Live Nation Entertainment’s call for a FAIR Ticketing Act. Live Nation announced its support for the initiative during the company’s most recent earnings call in February. FAIR stands for ‘Fans & Artists Insisting on Reforms in Ticketing’ and is calling for artists …
Private equity giant acquires stake in UTA agency
Private equity group EQT has become a strategic investor in United Talent Agency (UTA), which represents major artists such as Guns N Roses, Dolly Parton and Muse. EQT, which has around $100.0bn in assets under management, said the acquisition of the undisclosed stake recognises Beverly Hills-headquartered UTA’s recent growth trajectory and will help fuel future …