Word: concerts
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...company's strategy is live performances. Despite the stagnation of record sales, the concert industry is booming. Last year revenues were up 8% to $3.9 billion, and Live Nation is in perfect position to expand its market share. Eight years ago, Live Nation, then a part of Clear Channel Communications, struck a deal with Ticketmaster that gave Ticketmaster exclusive rights to sell most of Live Nation's 30,000 nationwide events. That deal, which accounted for nearly $200 million in revenue in 2007, expires in 2008, and Live Nation's own ticketing system, already the third-largest in the United...
...classical-music conductor taking the podium always becomes a peacemaker of sorts. The central mission of conducting, after all, is to dispel discord and bring dozens of competing voices into concert. The Israeli maestro Daniel Barenboim, 65, sees in this act the opportunity to bring a deeper kind of harmony to one of the most violent and vociferous regions in the world: the Middle East...
...Barenboim started the West-Eastern Divan Orchestra, a youth ensemble that draws together Israeli and Arab musicians, many from disputed territories. Its first concert that year was in Weimar, Germany, in the shadow of the Buchenwald concentration camp. Concerts followed each summer across Europe and North America until 2004, when Barenboim made history by taking the orchestra to Ramallah, in the West Bank, where the musicians played under armed guard...
Preteen girls recently had their Woodstock. It lasted 74 min. and probably involved an overconsumption of Junior Mints. Shut out of the sold-out live event, 2007's Hannah Montana/Miley Cyrus: Best of Both Worlds Concert Tour, thousands of girls lined up in February and March to put on 3-D glasses for the movie version. And as they watched, Cyrus' concert-movie audience did something remarkable: they behaved as if it were a real show. Singing along, dancing, reaching for confetti that was falling only onscreen, the Hannah Montana fans were, yes, 8-year-olds on a sugar high...
Supposedly, Americans are abandoning shared cultural pursuits for loner entertainments on our iPods and HDTVs. But thanks to technological advances, concert films are starting to envelop audiences in a way nearly as dramatic as live events, at a fraction of the price. And audiences--and the market--are responding. Acts as disparate as U2 and the Metropolitan Opera are appearing this month in multiplexes all over the world. Even Martin Scorsese is giving a nod to the audience's higher sensory appetites, releasing his Rolling Stones film, Shine a Light, in the larger-than-life IMAX format...