Welcome to our dedicated page for Live Nation Entertainment news (Ticker: LYV), a resource for investors and traders seeking the latest updates and insights on Live Nation Entertainment stock.
Live Nation Entertainment Inc. (NYSE: LYV) is the global leader in live entertainment, encompassing market giants such as Ticketmaster, Live Nation Concerts, and Live Nation Media & Sponsorship. Established with a mission to connect fans and artists through unparalleled live experiences, Live Nation operates in 49 countries and manages 373 venues, including the iconic House of Blues. The company's Ticketmaster platform sold over 620 million tickets in 2023, further cementing its dominance in the live event ticketing industry.
Live Nation's expansive portfolio includes artist management and a significant advertising and sponsorship platform targeting music fans. The company has recently been named one of North America's top 100 in-demand employers by LinkedIn, reflecting its commitment to innovation and employee well-being. Live Nation offers extensive career opportunities across various sectors, including technology, finance, marketing, and hospitality, supported by generous benefits, professional development programs, and a strong focus on work-life balance.
In 2024, Live Nation continues to thrive with notable projects such as the partnership with Bret Michaels for the Parti-Gras 2024 festival, highlighting its ability to create unique, fan-centric experiences. Financially, the company reported record highs in attendance, ticket sales, and sponsorship activities in 2023, with continued growth expected in the following years. Live Nation's innovative initiatives, such as the all-in pricing policy, demonstrate its commitment to transparency and consumer satisfaction.
Additionally, Live Nation's focus on diversity and inclusion is evident through programs like Femme It Forward, which empowers female visionaries in the music industry. The company's strategic partnerships and mentorship programs, such as the MUSE initiative, aim to address historic underrepresentation and foster new talent.
Live Nation's robust financial health, strategic growth initiatives, and commitment to enhancing the live entertainment experience make it a pivotal player in the industry, continuously setting benchmarks for others to follow.
Live Nation Entertainment (LYV) reported strong results for 2024, with operating income of $825 million and adjusted operating income of $2.15 billion. The company achieved record concert attendance of 151 million fans across 50,000+ events, up 4% from previous year.
Key financial highlights include: Concerts division reached record adjusted operating income of $530 million (up 65%) with 2.8% margins; Sponsorship adjusted operating income grew 13% to $764 million; and Ticketmaster Q4 revenue increased 14% to $841 million.
Looking ahead to 2025, Live Nation reports a 60% increase in stadium show pipeline, with 65 million tickets already sold. The company plans to add 20 large venues globally through 2026 and expects capital expenditures of $900 million to $1 billion for 2025, primarily focused on venue expansion.
Live Nation Entertainment (NYSE: LYV) has announced its participation in Morgan Stanley's Technology, Media & Telecom Conference. The company's management will engage in a fireside chat scheduled for Wednesday, March 5, 2025, at 10 a.m. PT.
As the world's leading live entertainment company, Live Nation will make the session accessible to the public through a live webcast, which can be viewed in the 'News / Events' section of their investor relations website at investors.livenationentertainment.com.
Athletic Brewing Company, America's largest non-alcoholic brewer, has announced a multi-year partnership with Live Nation to become the official non-alcoholic beer partner for over 100 concert venues across the U.S. The partnership includes major music festivals like Bonnaroo, BottleRock Napa Valley, Festival La Onda, and Two Step Inn.
The initiative responds to strong consumer demand, with 70% of live music fans requesting more non-alcoholic beverage options at concerts. Venues will offer Athletic's popular brews including Run Wild IPA, Upside Dawn Golden, Free Wave Hazy IPA, and Athletic Lite. The partnership includes unique tasting experiences, giveaways, and backstage presence.
Athletic Brewing holds 19% market share in the NA beer category and achieved over 50% growth in 2024. The non-alcoholic beer sector has experienced double-digit growth for five consecutive years.
Live Nation (LYV) and KIDZ BOP have announced their new 'KIDZ BOP LIVE Certified BOP Tour' for 2025, featuring over 60 cities across North America. The tour will commence on June 14 in Stamford, CT, and run through October 5, 2025, including major cities like Atlanta, Boston, Houston, and New York.
The tour announcement follows the release of 'KIDZ BOP 50' and will feature performances by KIDZ BOP Kids – Aleah, Cliff, Matty, and Shila. Spin Master's Unicorn Academy is returning as the official sponsor, offering pop-up activations in select cities. The tour includes various VIP packages and experiences, managed by Red Light Management and Independent Artist Group.
Additionally, KIDZ BOP will make history as the youngest headlining act at London's OVO Arena Wembley on March 8, 2025. Ticket presales begin February 11 with Citi cardmembers, followed by Spotify presales, and general sales starting February 14.
Live Nation Entertainment (NYSE: LYV) has announced it will release its fourth quarter and full year 2024 financial results after market hours on Thursday, February 20, 2025. The company's President and CEO Michael Rapino will host a teleconference at 2:00 p.m. PT (5:00 p.m. ET) on the same day to discuss the company's financial performance and operational outlook.
Kelly Clarkson has announced a new Las Vegas residency at The Colosseum at Caesars Palace, titled 'Kelly Clarkson: Studio Sessions - The Las Vegas Residency.' The show will feature 18 performances from July 4, 2025, through November 15, 2025. This announcement follows her successful sold-out engagement at PH Live at Planet Hollywood Resort & Casino in 2023 and 2024.
Tickets will be available through various presale events starting February 7, 2024, with Citi cardmembers getting first access. Fan club members can access presales from February 8, while Caesars Rewards members and Live Nation customers can purchase from February 10. General public ticket sales begin February 14, 2024. All shows are scheduled for 8 p.m.
Live Nation Entertainment (LYV) and its Crew Nation Global Relief Fund have announced a $1 million commitment to support Los Angeles music industry workers affected by recent wildfires. The fund will provide grants up to $5,000 for industry employees facing displacement expenses due to mandatory evacuation orders, damage, or loss.
Live Nation is also supporting impacted employees through its Taking Care of Our Own program and partnering to produce FireAid, a benefit concert on January 30, 2025, aimed at rebuilding communities and supporting fire prevention efforts. Crew Nation, established in 2020, has previously distributed $18 million in aid, including $10 million from Live Nation and $8 million from artists, fans, and industry partners, helping over 16,000 crew members globally.
Hard Rock® has secured prominent positions in Newsweek's Top 10 Readers' Choice Best Casinos with Live Entertainment in the U.S., with Hard Rock Hotel & Casino Sacramento ranking #1 and Seminole Hard Rock Hotel & Casino Hollywood, FL placing #5. The recognition highlights the casinos' excellence in providing entertainment options for visitors seeking alternatives to gambling.
The complete top 5 includes: Hard Rock Hotel & Casino Sacramento at Fire Mountain, Pechanga Resort Casino, Choctaw Casino & Resort, Beau Rivage Resort, and Hard Rock Live at Seminole Hard Rock Hotel & Casino in Hollywood, FL. Randy Maddocks, Director of Entertainment for Hard Rock Live Sacramento, emphasized their commitment to diverse programming, while Keith Sheldon, President of Entertainment and Brand, highlighted the company's dedication to world-class live performances across all properties.
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.
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