Live Nation Entertainment (LYV) 8-K Select Items from Live Nation, Inc.’s Annual Report on Form 10-K

EXHIBIT 99.2

2008 QUARTERLY SEGMENT FINANCIAL INFORMATION

The following is provided to reclassify the financial information of Live Nation, Inc. (the “Company”) to conform to the current segment presentation. Beginning in the first quarter of 2009, the Company reorganized its business units and the way in which these businesses are assessed and therefore changed its reportable segments to North American Music, International Music and Ticketing. Prior to 2009, the Company reported an Artist Nation segment, which is now reported in the North American Music and International Music segments. This change has been made to be consistent with the way the Company is now managing its business. The Company’s business formerly reported as Artist Nation includes the promotion and/or production of global tours and also provides other services to artists. These artist relationships tend to be long-term and typically involve multiple revenue streams for an artist. The Company enters into these relationships in order to fill the distribution platform of its businesses with recurring events, both domestically and internationally. This is not a separate part of these businesses but is just one more facet of the North American Music and International Music segments. Therefore, the Company is now allocating these activities based on where the profits for service to these artists are being generated.

	North American Music			International Music			Ticketing			Other			Corporate			Consolidated
	(in thousands)
Three Months Ended March 31, 2008
Revenue	$	335,025		$	162,155		$	5,718		$	29,791		$	—		$	532,689
Direct operating expenses		265,757			123,233			2,084			11,237			—			402,311
Selling, general and administrative expenses		94,785			40,117			7,172			12,323			—			154,397
Depreciation and amortization		19,985			10,571			401			2,180			1,092			34,229
Loss (gain) on sale of operating assets		(5	)		49			—			(64	)		469			449
Corporate expenses		—			—			—			—			11,641			11,641
Operating income (loss)	$	(45,497	)	$	(11,815	)	$	(3,939	)	$	4,115		$	(13,202	)	$	(70,338	)
Three Months Ended June 30, 2008
Revenue	$	691,799		$	409,704		$	7,307		$	20,925		$	—		$	1,129,735
Direct operating expenses		541,121			340,577			3,423			6,595			—			891,716
Selling, general and administrative expenses		104,031			45,559			6,557			10,522			—			166,669
Depreciation and amortization		21,031			7,638			1,618			2,024			731			33,042
Loss (gain) on sale of operating assets		(110	)		(6	)		—			(19	)		135			—
Corporate expenses		—			—			—			—			10,474			10,474
Operating income (loss)	$	25,726		$	15,936		$	(4,291	)	$	1,803		$	(11,340	)	$	27,834
Three Months Ended September 30, 2008
Revenue	$	962,299		$	603,131		$	6,734		$	16,298		$	—		$	1,588,462
Direct operating expenses		779,192			509,457			3,151			3,616			—			1,295,416
Selling, general and administrative expenses		108,452			46,779			8,752			10,262			—			174,245
Depreciation and amortization		18,697			8,341			1,319			2,180			953			31,490
Gain on sale of operating assets		(668	)		(2	)		—			(105	)		(455	)		(1,230	)
Corporate expenses		—			—			—			—			13,062			13,062
Operating income (loss)	$	56,626		$	38,556		$	(6,488	)	$	345		$	(13,560	)	$	75,479
Three Months Ended December 31, 2008
Revenue	$	689,186		$	203,114		$	2,634		$	21,018		$	—		$	915,952
Direct operating expenses		575,049			153,968			712			4,767			733			735,229
Selling, general and administrative expenses		100,799			40,149			10,851			8,241			—			160,040
Depreciation and amortization		39,860			3,868			2,231			1,577			1,170			48,706
Goodwill impairment		269,902			—			—			—			—			269,902
Loss on sale of operating assets		802			162			—			250			675			1,889
Corporate expenses		—			—			—			—			17,321			17,321
Operating income (loss)	$	(297,226	)	$	4,967		$	(11,160	)	$	6,183		$	(19,899	)	$	(317,135	)
Year Ended December 31, 2008
Revenue	$	2,678,309		$	1,378,104		$	22,393		$	88,032		$	—		$	4,166,838
Direct operating expenses		2,161,119			1,127,235			9,370			26,215			733			3,324,672
Selling, general and administrative expenses		408,067			172,604			33,332			41,348			—			655,351
Depreciation and amortization		99,573			30,418			5,569			7,961			3,946			147,467
Goodwill impairment		269,902			—			—			—			—			269,902
Loss on sale of operating assets		19			203			—			62			824			1,108
Corporate expenses		—			—			—			—			52,498			52,498
Operating income (loss)	$	(260,371	)	$	47,644		$	(25,878	)	$	12,446		$	(58,001	)	$	(284,160	)