Current Entertainment Business Issue

2012 Olympic Stadium in London, England

In 2012 the Olympics are set to take place in London, which means that an Olympic stadium will be built. There are two entertainment business companies that are trying to use the Olympic stadium for concerts after the 2012 Olympics. The two companies are: Live Nation and AEG.

Live Nation is the world's largest concert entertainment company and AEG owns the 02 (former Millennium Dome). Live Nation has performers like Lady Gaga, Madonna and U2 and AEG has performers like Usher, Justin Timberlake and Prince. The two companies partner up with the most famous singers in entertainment and have both proven their talent in order to get the stadium.

The two companies know that the stadium will prove to be an amazing concert venue. A lot of money will come from the venue itself. The competition has just now started to heat up and the negotiations include large numbers.

Article: http://bx.businessweek.com/entertainment-industry/view?url=http%3A%2F%2Fc.moreover.com%2Fclick%2Fhere.pl%3Fr3254548690%26f%3D9791

This article is breaking news in the concert entertainment business. The two competitors have the most famous stars in the entertainment business performing for them. This stadium will create heavy tourism to London from fans all over the world. This venue will provide worldwide entertainment. It will be interesting to see who wins the bid and the numbers that surround the negotiation.

When to big companies like this compete over a landmark venue, attention gets drawn. This stadium will prove to be one of the biggest venues and having one companies name will prove who the bigger company is. This competition is not just about the stadium, but who rules the concert entertainment business.

By being the owner of the 2012 Olympic stadium in London the company that wins will gain bragging rights and credibility for concert entertainment. The concert entertainment business is one of the most competitive businesses in the world, but along side them are the television entertainment business and the movie entertainment business.