Live Nation Entertainment Inc. - LYV STOCK NEWS

Venu Holding (NYSE American: VENU) has appointed Terri Liebler as its new Chief Marketing Officer. Liebler brings 30 years of experience in the sports and entertainment industry, including a 22-year tenure at Live Nation Entertainment where she served as Senior Vice President in the Media and Sponsorship Division.

Throughout her career, Liebler has been instrumental in launching over 100 major sports and entertainment venues nationwide, including Key Arena (now Climate Pledge Arena), House of Blues, the Fillmore properties, and San Antonio Alamodome. Her previous roles include positions with the NBA's Seattle SuperSonics, San Antonio Spurs, and the 1996 Olympics in Atlanta.

Live Nation Entertainment (NYSE: LYV) has priced a $1.0 billion offering of 2.875% convertible senior notes due 2030. The notes were priced at 100% of principal amount with an initial conversion rate of 5.2005 shares per $1,000, equivalent to $192.29 per share, representing a 40% premium to the closing price of $137.35.

The company will use proceeds to repurchase approximately $316 million of existing 2.00% convertible notes due 2025, repay outstanding revolving credit facility amounts, and for general corporate purposes. The notes will pay interest semi-annually and mature on January 15, 2030. The company has granted initial purchasers a 13-day option to purchase up to an additional $100 million in notes.

Venu Holding (NYSE American: VENU), a leader in premium hospitality and live entertainment, announces Will Hodgson as its new President. Hodgson, who joined VENU in late October 2024, brings 25 years of industry experience, previously serving as Head of House of Blues Entertainment at Live Nation Entertainment. He oversaw 20 venues, 17 restaurants, and 7 cocktail lounges, managing 4,000 employees and producing 3,000 events annually. Hodgson also has a background in investment banking and ticketing solutions for major festivals. VENU's CEO, J.W. Roth, praises Hodgson's diverse expertise and leadership, emphasizing his fit with VENU's strategic growth and operations. Hodgson expresses excitement about joining VENU and its innovative fan-founded model.

Live Nation Entertainment (NYSE: LYV) announced plans to offer $1.0 billion in convertible senior notes due 2030. The company will use the proceeds to repurchase existing 2025 convertible notes, repay revolving credit facility debt, and for general corporate purposes. Initial purchasers may acquire an additional $100 million in notes within 13 days. The notes will mature on January 15, 2030, with semi-annual interest payments and conversion options into company stock or cash. Live Nation can redeem the notes after January 24, 2028, under specific conditions including a stock price threshold of 130% of conversion price.

Live Nation Entertainment reported strong Q3 2024 results with revenue of $7.7 billion and operating income of $640 million. The company achieved record concerts profitability with adjusted operating income of $474 million, up 39%, and margins of 7.2%. Through October, 144 million tickets were sold for 2024 concerts, up 3%. Ticketmaster's October sales increased 15% overall and 23% for concert events. The company's 2025 outlook is positive, with double-digit growth in stadium, arena, and amphitheater show pipelines, and over 20 million tickets already sold. On-site spending showed significant growth, with double-digit increases at major festivals and 9% growth at amphitheaters.

VEEPS and VEEPS Studio announce their new original series 'Side Hustles', premiering November 8, 2024. The four-episode series features celebrity entrepreneurs sharing insights about their business ventures, narrated by SuChin Pak. The show includes Cameron Diaz and Katherine Power discussing Avaline wines, Benji and Joel Madden exploring MDDN artist management, Berner revealing the Cookies cannabis brand story, and various other celebrities showcasing their business ventures. Episodes run 20 minutes and are available exclusively on Live Nation Entertainment's VEEPS platform through subscription or individual episode rental at $3.99.

Live Nation Entertainment (NYSE: LYV) has rescheduled its third quarter 2024 earnings release to Monday, November 11, 2024, one day earlier than previously announced. CEO Michael Rapino will host a teleconference at 2:00 p.m. PT on the same day. The earnings release marks the beginning of a week-long investor events series, including an investor presentation on November 13 at 11:00 a.m. PT and a presentation at the 2024 Liberty Investor Day on November 14 at 8:00 a.m. PT. Any supplemental financial information will be available in the Financial Information section of the company's website.

Live Nation Entertainment (NYSE: LYV) has announced key investor events for November 2024. The company will release its Q3 2024 financial results on November 12 at 5:00 a.m. PT, followed by a teleconference hosted by CEO Michael Rapino at 6:00 a.m. PT. Additional events include a 2024 Investor Presentation on November 13 at 11:00 a.m. PT and a presentation at the 2024 Liberty Investor Day on November 14 at 8:00 a.m. PT. These events will cover financial performance and operational outlook.

Garth Brooks has announced the final three weekends of his Las Vegas residency, Garth Brooks/Plus ONE, at The Colosseum at Caesars Palace. The last shows will take place from February 21 through March 9, 2025. Tickets go on sale to the general public on September 19, 2024, with various presales starting from September 16. The residency, which began in May 2023, has been selling out all performances.

Brooks expressed his emotions about the residency ending, calling it his favorite gig so far. The show format allows for varying instrumentation and occasional special guests, providing a unique experience each night. Additionally, Brooks has released a boxed set, Garth Brooks LIVE LIVE, commemorating his Las Vegas Residency, featuring live recordings and a custom book.