Live Nation's figures for the final quarter of 2007 see a fall in revenues by 4% to $1billion - mainly becausethe US live sector slowed down during the quarter.

The firm's net loss was $18.4million, substantially less than the same quarter in 2006 when net loss was $33.1million. In operating terms (ie before interest and tax payments and the like) they made a profit of $4.2 million compared to an operating loss of $14.7 milion a year earlier.

For the whole of 2007 the live music conglom made a net loss of $11.9million compared to £31.4million in losses in 2006. Speaking about the groups new business model (having signed Madonna as a recording artist as wellas live artist) Michael Rapino confirmed that the Group was "currently in discussions with several major artists". We offer a partnership based on highly transparent and predictable revenue streams in an industry going through a major transition. Through these diversified rights partnerships, we expect to build cross collateralized opportunities in which both the artist and Live Nation benefit from higher margin revenue streams".

Live Nation's figures for the final quarter of 2007 see a fall in revenues by 4% to $1billion - mainly becausethe US live sector slowed down during the quarter.

The firm's net loss was $18.4million, substantially less than the same quarter in 2006 when net loss was $33.1million. In operating terms (ie before interest and tax payments and the like) they made a profit of $4.2 million compared to an operating loss of $14.7 milion a year earlier.

For the whole of 2007 the live music conglom made a net loss of $11.9million compared to £31.4million in losses in 2006. Speaking about the groups new business model (having signed Madonna as a recording artist as wellas live artist) Michael Rapino confirmed that the Group was "currently in discussions with several major artists". We offer a partnership based on highly transparent and predictable revenue streams in an industry going through a major transition. Through these diversified rights partnerships, we expect to build cross collateralized opportunities in which both the artist and Live Nation benefit from higher margin revenue streams".