Live Nation Entertainment Acquires Leading Spanish Ticketing Company ServiCaixa

Live Nation Entertainment Acquires Leading Spanish Ticketing Company ServiCaixa

LOS ANGELES, February 4, 2011/PRNewswire/ -- Live Nation Entertainment, Inc. (NYSE: LYV) today announced that
Ticketmaster, the Company's ticketing division, has entered into an agreement
to acquire ServiCaixa, the largest ticket retailer in Spain from "la Caixa",
the leading Spanish savings bank and financial services group. The
transaction, which is subject to Spanish antitrust approval, will create the
leading ticketing company in Spain through the combination of Ticketmaster
Spain, formerly known as TickTackTicket, and ServiCaixa, legally named
Serviticket SA.

By joining these two complementary ticketing companies, Ticketmaster will
provide the foremost ticketing services across Spain and the wider Iberian
peninsula for all genres, including cinema, music, sports, performing arts,
museums and attractions.

As part of the transaction, Ticketmaster will enter into a multi-year
marketing and ticket distribution partnership with "la Caixa", which will
allow Ticketmaster to offer tickets through the bank's 8,100 ATMs located
across Spain. The new Ticketmaster Spain will provide expanded service to
existing "la Caixa" customers by offering a greater diversity of ticket
inventory through multiple distribution channels, including online, shopping
outlet and "la Caixa" ATMs.

"Expanding internationally in attractive markets where we can replicate
our integrated model and grow profitably represents one of our key growth
initiatives," said Michael Rapino, President and CEO of Live Nation. "This
acquisition and our recent expansion in France put us on track in executing
our plan and further strengthen Ticketmaster as the world's leading ticketing
company."

"Through this transaction, we will significantly enhance our distribution
footprint and growth potential in Spain," said Alan Ridgeway, CEO of Live
Nation International. "In particular, this combined range of assets will now
enable us to grow our presence in the online advertising and sponsorship
markets."

"We are very pleased to have a multi-year agreement with the world's
leading ticketing company," said Benjami Puigdevall Esteve, Managing Director
of e-la Caixa. "We believe that the new Ticketmaster Spain will provide la
Caixa with continued access to a broad range of ticketing services and
cross-promotion opportunities for the benefit of la Caixa and its customers."

About Live Nation Entertainment:

Live Nation Entertainment (NYSE-LYV) is the largest live entertainment
company in the world: connecting 200 million fans to 100,000 events in over
40 countries which has made Ticketmaster.com the #3 eCommerce website in the
world. For additional information, visit http://www.livenation.com/investors.

About la Caixa:

"la Caixa" is Spain's third largest financial institution, with a network
of over 5,400 branches, more than 8,100 ATM's, a workforce in excess of
28,000 and more than 10.5 million customers. "la Caixa" Group has assets
worth 285,724 million euros and recorded a net profit of 1,307 million euros
at 2010. e-la Caixa is responsible for carrying out the multi-channel
management strategy developed by "la Caixa". For further information, visit
http://www.lacaixa.com.

About ServiCaixa:

ServiCaixa leads the Spanish ticketing market, both in terms of volume
and the range of tickets available. In 2010 ServiCaixa processed over 43
million tickets, sold 9.7 million advance ticket sales, and had 1.8 million
Club ServiCaixa members, thereby consolidating its position as one of Spain's
leading cultural clubs.

Source: Live Nation Entertainment, Inc.

CONTACT: Linda Bandov Pazin (lindabandov@livenation.com or +1-310-867-7000)

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