Live Nation is the world’s largest live music company. It owns, operates and has booking rights for and has an interest in more than 155 venues, in North America and Europe including House of Blues music venues and prestigious locations such as The Fillmore in San Francisco, Nikon at Jones Beach Theatre in New York and London’s Wembley Arena. Annually, more than 60 million people attend some 28,000 Live Nation events (LIVE NATION INC Profile). The Company also produces, promotes or hosts theatrical, specialized motorsports and other live entertainment events. In 2007, Live Nation connected over 64 million fans, including over 45 million live music fans, with their favourite music, theatre and music stars at approximately 28,000 events in 18 countries around the world (Annual Report, 2007, p. 7). Through a deal with pop star Madonna, the Company owns a stake in Material Girl’s music, including albums, tours, and merchandise (LIVE NATION INC Profile). Up to 2005, the Company was a part of radio giant Clear Channel Communications, in 2005 it was spun off. Now the principal executive offices are located at 9348 Civic Center Drive, Beverly Hills, California, 90210. Live Nation is listed on the New York Stock Exchange, trading under the symbol LYV. Prior to the separation, the Company was a wholly-owned subsidiary of Clear Channel Communications. After the separation holders of Clear Channel’s common stock received one share of Live Nation common stock for every eight shares of Clear Channel common stock. Michael Rapino is the President of the Company and its Chief Executive Officer. He has served in this capacity since August 2005. Executive officers of the Company are Kathy Willard, Chief Financial Officer, Brian Capo, Chief Accounting Officer, Michael Rowles, General Counsel and Secretary, Jason Garner, Chief Executive Officer-North American Music, Thomas O. Johansson, Chairman-International Music, Alan Ridgeway, Chief Executive Officer, Michael Cohl, Chairman and Chief Executive Officer-Live Nation Artists and Director, Arthur Fogel, Chief Executive Officer-Global Touring and Chairman-Global Music, Bryan Perez-Chief Executive Officer-Global Digital. The Company operates in five reportable business segments: North American Music, International Music, Global Artists, Global Digital and Global Theatre. The North American and the International Music businesses embrace the promotion of live music shows in the Company’s owned and operated venues and in rented third-party venues and the production of music festivals. The Global Artists business deals with the management of Live Nation’s in-house ticketing operations and online and wireless distribution activities. The Company’s Global Theatre business involves the presentation and production of theatrical performances in owned and operated venues and in rented third-party venues. In addition, Live Nation promotes and produces specialized motorsports events in rented third-party venues and operates in sports representations and other businesses. In 2007 Michael Rapino announced the formation of a new division within the Company. The purposes of the new, Artist Nation division are: to partner with artists to manage thei