Los Angeles, CA — Live Nation Entertainment, one of the world’s leading live entertainment companies, has announced plans to invest $1 billion in the development and modernization of 18 music venues across the United States. The investment marks one of the company’s most significant infrastructure initiatives to date and is aimed at enhancing the live music experience for artists and fans alike.
According to a statement released by Live Nation, the initiative will fund both the construction of brand-new venues and the extensive renovation of existing sites. The company intends to use the investment to upgrade sound and lighting systems, increase capacity at select locations, improve accessibility, and enhance artist and fan amenities.
“Live music is a powerful force in bringing people together, and we’re committed to creating best-in-class venues that elevate the concert experience,” said Bob Roux, President of U.S. Concerts for Live Nation. “This $1 billion investment reflects our long-term commitment to the artists, fans, and communities we serve.”
The 18 targeted venues are located in key live music markets across the country, although a complete list of the selected sites has not yet been disclosed. The upgrades and new constructions are expected to roll out in phases over the next several years, with several projects slated to begin in 2025.
Live Nation, which owns or operates more than 300 venues globally, has increasingly focused on expanding its real estate footprint in major urban and regional markets in recent years. The company reported strong post-pandemic growth in live event attendance and ticket sales, with 2024 being one of its most profitable years on record.
Analysts suggest this infrastructure push may also help Live Nation address long-standing concerns around venue availability and artist touring logistics, especially for mid-sized and emerging acts who often face scheduling and cost barriers.
The announcement comes as Live Nation continues to face regulatory scrutiny and industry pressure over ticketing practices and venue exclusivity agreements. However, the company maintains that this investment is part of its broader strategy to improve the live entertainment ecosystem and foster long-term industry growth.
Construction timelines, city partnerships, and additional project details are expected to be announced in the coming months.
