Live Nation Entertainment, Inc. operates as a live entertainment company. It promotes the live music events in its owned and/or operated venues, and in rented third-party venues. The company also engages in the operation and management of music venues, and the production of music festivals. In addition, it operates an agency business that sells tickets for arenas, stadiums, amphitheaters, music clubs, concert promoters, professional sports franchises and leagues, college sports teams, performing arts venues, museums, and theaters for its events and third-party clients through its Websites, ticket outlets, and call center services. Further, the company provides management services to music recording artists; sells merchandise associated with musical artists at live musical performances to retailers and directly to consumers through the Internet, as well as offers online advertising services; and sponsorship programs for corporate clients. As of December 31, 2011, it owned, operated, or leased 91 entertainment venues and 98 other facilities, including office leases in North America; and 21 entertainment venues and 69 other facilities internationally. The company was formerly known as Live Nation, Inc. and changed its name to Live Nation Entertainment, Inc. in January 2010. Live Nation Entertainment, Inc. was incorporated in 2005 and is headquartered in Beverly Hills, California.