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 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.
The Black Eyed Peas have announced their first Las Vegas residency, titled 'Black Eyed Peas: 3008 The Las Vegas Experience', set to debut on February 15, 2025 at PH Live at Planet Hollywood Resort & Casino. This innovative show promises to blend elements of concerts, Disney rides, AI, and technology, creating an interactive experience that pushes the boundaries of live performances.
Tickets will go on sale to the general public on September 14, 2024, at 10 a.m. PT. Various presales are available, including Citi cardmember access starting September 11. The initial 15-date schedule spans February, March, and May 2025, with all shows starting at 8 p.m.
Jerry Seinfeld is set to return to The Colosseum at Caesars Palace for six performances in 2025, continuing his long-standing relationship with the iconic Las Vegas venue. Seinfeld, who will celebrate his 100th show at The Colosseum on Friday, has been performing to sold-out crowds since 2003, making him the longest-running superstar headliner in the resort's history.
The 2025 performances are scheduled for May 2-3, September 5-6, and October 10-11. Tickets will go on sale to the public on September 6, 2024, at 10 a.m. PT, with prices starting at $84 plus taxes and fees. Caesars Rewards members and Live Nation/Ticketmaster customers will have access to a presale on September 5, 2024.
Shania Twain has announced the final shows for her Las Vegas residency, Shania Twain: COME ON OVER – The Las Vegas Residency, at PH Live at Planet Hollywood Resort & Casino. The nine final shows will take place in January and February 2025, concluding over Super Bowl weekend. Tickets for these performances go on sale Saturday, Sept. 7 at 10 a.m. PT.
The residency, which opened in May 2024, celebrates the 25th anniversary of Twain's album 'Come On Over'. The show features hits from this album and her entire catalog. $1 from every ticket sold will be donated to the Shania Twain Foundation, supporting at-risk children and families.
Live Nation Entertainment (NYSE: LYV), the world's leading live entertainment company, has announced its participation in two upcoming investor conferences. The company's management will present at the Bank of America Securities Media, Communications & Entertainment Conference on September 4, 2024, at 7:30 a.m. PT. Additionally, they will present at the Goldman Sachs Communacopia & Technology Conference on September 10, 2024, at 10:10 a.m. PT.
Both presentations will be accessible to the public via live webcast through the 'News / Events' section of Live Nation's investor relations website. This move demonstrates the company's commitment to engaging with investors and showcasing its position in the entertainment industry.
ONE Musicfest (OMF), presented by Procter and Gamble, celebrates its 15th anniversary on October 26-27, 2024, at Piedmont Park in Atlanta, GA. The festival, produced in collaboration with Live Nation Urban (LYV), features a star-studded lineup including Cardi B, Gunna, Jill Scott, Victoria Monét, Earth, Wind & Fire, and many more.
The event caters to both R&B and Hip Hop fans, offering performances from established artists and rising stars. Notable additions include new wave country artist Tanner Adell and special experiences like a meet-and-greet with Method Man. The festival will also feature local food vendors, custom merchandise, and a vendor village highlighting Black-owned businesses.
Tickets range from $219 for general admission to $5500 for Titanium packages. OMF has become the longest-running and largest Black independently owned festival in the country, known for landmark performances and notable reunions in the music industry.
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