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Home > Company Index > Leisure > Miscellaneous Entertainment > Clear Channel Entertainment

Clear Channel Entertainment
 NEWS FROM THE STANDARD
Out With the New, In With the Old
Nov 20 2000 12:00 AM PST

Radio Giant Finally Wakes Up to the Net
Nov 17 2000 12:00 AM PST

Broadcast.com's Insta-Billionaire to Start Music Label
Jul 21 2000 07:08 AM PDT

World Online's Excellent Adventure
Mar 27 2000 12:00 AM PST

The New Jerry Maguires
Nov 11 1999 12:00 AM PST

 PROFILE
Clear Channel Entertainment (CCE) holds center stage as the world's largest producer and promoter of live entertainment. Formerly SFX Entertainment (a spinoff of SFX Broadcasting), the company owns, leases, or manages 135 venues in 31 cities and produces concerts, touring Broadway shows, and sports events. It operates internationally in Canada and Europe. In addition, CCE provides sports marketing and talent representation services. CCE has spent nearly $2 billion on acquisitions (PACE Entertainment, Livent, Apollo Leisure, International Hot Rod Association), almost single-handedly consolidating the live entertainment industry. Clear Channel Communications bought the company in 2000 for about $4 billion.

 COMPETITION
Feld Entertainment, Inc. (dossier)
HOB Entertainment Inc. (dossier)
The Walt Disney Company (DIS)

 DEALS
Deal: SFX Entertainment Invests in UltraStar
Date Announced: 12.21.99
Value of transaction (US $Mil): 0
Description: Live entertainment company takes minority stake in entertainment community/commerce site network co-founded by David Bowie.

 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 1,679.50
1-Yr. Sales Growth: 89.9%
Employees: 2,700
Revenue per employee: $622,037.04

 KEY PEOPLE
• Brian Becker
    CEO
• Ed Stacey
    CFO

 CONTACT INFO
650 Madison Ave., 16th Fl.
New York, NY 10022
US
Phone: 212-838-3100
Fax: 212-750-6692
Online: Web Site

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