Live Nation Entertainment (LYV) 8-K/A Other Events

Exhibit 12.1
Live Nation, Inc.
Computation of Ratio of Earnings to Fixed Charges
(In thousands, except ratio)
	Year Ended
	2008			2007			2006			2005			2004
Loss before income taxes, equity in earnings of nonconsolidated affiliates, and cumulative effect of a change in accounting principle	$	(344,610	)	$	(34,540	)	$	(26,552	)	$	(62,037	)	$	(14,210	)
Dividends and other received from nonconsolidated affiliates		—			—			—			—			—
Total earnings		(344,610	)		(34,540	)		(26,552	)		(62,037	)		(14,210	)
Fixed charges:
Interest expense		70,670			65,006			37,194			52,398			45,445
Amortization of loan fees		*			*			*			*			—
Interest portion of rentals		35,181			32,311			23,158			19,434			18,562
Total fixed charges		105,851			97,317			60,352			71,832			64,007
Preferred stock dividends		—			—			—			—			—
Total fixed charges and preferred stock dividends		105,851			97,317			60,352			71,832			64,007
Total earnings available for payment of fixed charges	$	(238,759	)	$	62,777		$	33,800		$	9,795		$	49,797
Ratio of earnings to fixed charges		(2.26	)		0.65			0.56			0.14			0.78
Rental fees and charges		100,518			92,316			66,165			55,526			53,034
Interest rate		35	%		35	%		35	%		35	%		35	%

• Amortization of loan fees is included in interest expense.