The move plunges Yahoo directly into the world of original programming, joining the likes of Amazon, Netflix and others to challenge traditional TV producers for viewers’ attention.
The genre’s audience has grown stronger, wider and younger, and media companies have invested heavily in artists and radio stations with increasingly mainstream appeal.
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SFX, whose portfolio includes festivals around the world, reported that last year it had $170 million in revenue and a net loss of $119 million.
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With the music industry turning digital, music companies can now understand their customers’ listening habits in greater depth than ever before.
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The concert promoter had $6.5 billion in revenue in 2013, compared with $5.8 billion the year before. It had a net loss of $36 million, improving from its $162 million loss in 2012.
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Anheuser-Busch’s sponsorship could be worth $25 million next year and $35 million in 2015 as SFX’s dance festivals grow, said Benjamin E. Mogil, an analyst at Stifel Nicolaus.
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The departure of its chief executive, Randy Phillips, follows a failed attempt to sell the promoter’s parent company, the Anschutz Entertainment Group.
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The giant concert company that includes Ticketmaster is said to be in advanced negotiations to buy the management companies behind U2 and Madonna.
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Scooter Braun is assembling a group of managers and musicians, and raising an investment fund intended to strengthen their position in the music industry, people with knowledge of the plan say.
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The company reported $43.8 million in net income for the three months that ended in September, down 24 percent from the same period last year.
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“The Rider Challenge,” an online marketing campaign produced by Live Nation Entertainment, pits teams competing in Ford Fiestas.
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A string of drug-related deaths at big music festivals has highlighted the risks not only to fans, but to the businesses looking to profit from the craze.
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The multifaceted company, backed by $175 million from the Madison Square Garden Company, will be called Azoff MSG Entertainment.
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Nathan Hubbard may be removed as early as this week as part of a revamping of Ticketmaster, according to people with knowledge of the situation.
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The promoter, which owns Ticketmaster, reported $1.7 billion in revenue for the second quarter, with ticket sales up 26 percent from the year before.
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The music company, led by the media executive Robert F.X. Sillerman, is looking to raise up to $175 million through an initial public stock offering.
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The deal, announced on Wednesday, will pay Fleetwood Mac when the band’s songs are played on the radio and on the Internet.
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Digital tools known as “bots” are accused of trying to buy hundreds of thousands of tickets a day, shutting out fans.
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The company accused 21 people of circumventing its online security system to try to buy huge numbers of tickets to resell at a profit.
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The record label of Jay-Z’s Roc Nation will be brought under Universal’s umbrella, moving from Sony Music.
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