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.
Chef Tim Love has announced the opening of Tannahill's Tavern & Music Hall in Fort Worth's Historic Stockyards, slated for 2022. This new venue is designed to enhance the local music scene and will feature state-of-the-art audio and lighting systems, accommodating up to 1,000 guests. It includes facilities for dining and events for up to 500 people, along with three VIP suites. Live Nation will be the venue's booking partner, aiming to attract a variety of artists and elevate Fort Worth's reputation in live entertainment.
Lady Gaga will return to Dolby Live at Park MGM in Las Vegas for her LADY GAGA JAZZ & PIANO show starting April 14, 2022, covering nine select dates. This collaboration between MGM Resorts International and Live Nation celebrates her love for the Great American Songbook and her recent album with Tony Bennett, Love For Sale. Pre-sale tickets are available for her fan community and Citi® / AAdvantage® cardholders from February 1-3, 2022, with general sales commencing on February 4, 2022. Proof of vaccination or negative COVID-19 test is required for entry.
Global country music star Keith Urban has confirmed five new performances for his show Keith Urban Live – Las Vegas at The Colosseum at Caesars Palace. Scheduled for March 25, 26, and 30, alongside April 1 and 2, these dates precede the previously announced Memorial Day Weekend shows on May 27-29. Tickets go on sale to the public on January 31, with presale opportunities available for fan club members and select credit card holders.
Multi-GRAMMY Award-nominated duo Silk Sonic is set to debut an extended engagement at Dolby Live at Park MGM in Las Vegas starting February 25. The performance schedule includes various dates in February and April, with tickets priced from $125. Pre-sales begin on January 19 for M life Rewards members and Live Nation customers. Silk Sonic, known for hits like "Leave The Door Open," will bring their unique sound to the stage as they continue to garner acclaim, including four Grammy nominations.
Shania Twain has revealed the final 16 dates for her residency, Shania Twain "Let's Go!", at Zappos Theater, Planet Hollywood Resort & Casino. The shows are scheduled for June 3-18 and August 26-September 10, 2022. Tickets go on sale December 17, with presales starting December 14 and December 15 for fan club members and Caesars Rewards members, respectively. A portion of ticket sales will benefit Shania Kids Can, a charity supporting children in need. Twain, a five-time GRAMMY winner, remains the best-selling female country artist, having sold over 90 million albums worldwide.
Four-time GRAMMY winners, The Doobie Brothers, will perform an exclusive eight-show engagement at Zappos Theater in Las Vegas from May 13 to May 28, 2022. Following their 50th Anniversary Tour, the legendary band featuring TOM JOHNSTON, MICHAEL MCDONALD, PAT SIMMONS, and JOHN MCFEE will present iconic hits each night starting at 8 p.m.. Tickets go on sale to the public on December 17, with presales for Caesars Rewards members and Live Nation customers beginning on December 15.
Live Nation Entertainment (NYSE: LYV) has completed the acquisition of a 51% controlling interest in OCESA Entretenimiento, a major live event promoter in Latin America, for MXN$8,835 million. This deal enhances Live Nation's operations in Latin America, allowing for better artist services and expanding its live entertainment platform. OCESA hosts thousands of events annually and manages Ticketmaster Mexico, selling approximately 20 million tickets each year. Live Nation anticipates growth in the region and increased ticket sales, with over 22 million tickets sold for 2022 concerts as of mid-October.
John Legend will headline a new residency, "Love In Las Vegas," at the Zappos Theater in Planet Hollywood Resort & Casino, starting on April 22, 2022. The residency, promoted by Live Nation, will feature Legend's greatest hits in a vibrant concert experience.
Tickets go on sale December 13, 2021, with presales available for fan club members and Citi cardmembers starting December 8. The initial performance dates include 24 shows across April, May, August, and October 2022.
Live Nation Entertainment (LYV) reported a strong third quarter for 2021, achieving $137 million in operating income and $306 million in AOI. This marks a return to profitability across all business segments, fueled by 17 million fans attending shows, driving double-digit growth in pricing and on-site spending. Ticketmaster also reported its highest operating income and AOI quarter ever, with trends indicating strong demand for 2022 shows, including 22 million tickets already sold. Sponsorship commitments also rose significantly, showcasing the recovery in live entertainment.
Live Nation Entertainment (NYSE: LYV) will have its President and CFO, Joe Berchtold, participate in a fireside chat at the Morgan Stanley European Technology Media & Telecom Conference. The event is scheduled for November 17, 2021, at 9:20 a.m. PT. A live webcast of the session will be available on the company’s investor relations website. Live Nation is recognized as the top global live entertainment company, encompassing Ticketmaster, Live Nation Concerts, and Live Nation Media & Sponsorship.
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