ATLANTA -- Philips Arena has been named one of the nation's finest entertainment venues by Pollstar magazine.

The industry-leading publication ranked Philips Arena No. 3 in the U.S., based on attendance numbers. The Downtown Atlanta arena was also one of seven other American venues nominated for Pollstar's 2011 Major Arena of the Year.

"To rank among the nation's top three venues is a true testament to the dedication and professionalism of the Philips Arena team and the transformational nature of live entertainment," Bob Williams, president of Philips Arena and the Atlanta Hawks, said in a statement.

The Hawks play their home games at Philips Arena; the venue also hosts world-class musical acts year-round. Upcoming events for 2012 include Radiohead, Bruce Springsteen, Coldplay and Madonna.

"We are truly fortunate to share our stage with some of the most talented artists in history, and to share our venue with the greatest fans from across the Southeast and around the world," Williams said.