Live Nation Entertainment Inc. - LYV STOCK NEWS

Live Nation Entertainment (LYV) reported significant financial shifts for Q4 2020, highlighting a $950 million cost reduction and $1.65 billion in cash savings. Despite the challenges posed by Covid-19, 83% of fans retained their tickets for rescheduled shows, and a robust demand for concerts is anticipated with projected consumer savings of $2.4 trillion. The company aims to strengthen its business by exploring streaming and direct-to-consumer initiatives. With $2.5 billion in cash and liquidity support, the company is poised for a return to live events, coinciding with an accelerating vaccine rollout.

Live Nation Entertainment (NYSE: LYV) announces that President Joe Berchtold will participate in a Q&A session at Morgan Stanley's Technology, Media, and Telecom Conference on March 4, 2021, at 10:15 a.m. PT. This session provides an opportunity for insights into Live Nation's operations and strategies. A live webcast will be available on the company's website under the 'News / Events' section. Live Nation is a leader in the live entertainment sector, with subsidiaries including Ticketmaster and Live Nation Concerts.

Live Nation Entertainment (NYSE: LYV) will release its fourth quarter and full year 2020 financial results on February 25, 2021, after market hours. A teleconference hosted by CEO Michael Rapino is scheduled for 2:00 p.m. PT (5:00 p.m. ET) to discuss financial performance and operational outlook. The live webcast will be available on the company's investor relations website, along with supplemental financial information.

Live Nation Entertainment (NYSE: LYV) announced a successful pricing of $500 million in 3.750% senior secured notes due 2028. The notes, issued at 100% of face value, will close on January 4, 2021, pending customary conditions. These obligations will be secured by first-priority liens on most of the company's assets. The proceeds will be used to repay $75 million in senior secured loans and for general corporate purposes, including acquisitions. The offering is designated for qualified institutional buyers and will not be registered under the Securities Act.

Live Nation Entertainment (LYV) announced its intention to offer $500 million in senior secured notes due 2028, subject to market conditions. The notes will be guaranteed by the company and its subsidiaries, secured by liens on substantially all assets. The proceeds will be used to repay $75 million of a term loan, for general corporate purposes, and to cover offering-related expenses. This offering will be made through a private placement and is not registered under the Securities Act. The completion of the offering depends on market conditions and pricing.

Live Nation Entertainment (NYSE: LYV) will have its President and CEO, Michael Rapino, present at Liberty's Investor Meeting on November 19, 2020, at 8:45 a.m. PT. The presentation will cover the company's financial performance and operational outlook. A live webcast of the event will be available on the company's website under the 'News / Events' section.

Live Nation is a leader in the live entertainment industry, encompassing Ticketmaster, Live Nation Concerts, and Live Nation Media & Sponsorship. For more information, visit www.livenationentertainment.com.

Live Nation Entertainment (LYV) reported its Q3 2020 results, noting that 83% of fans are retaining tickets for rescheduled shows. The company has implemented a $900 million cost reduction program and a $1.5 billion cash management initiative this year. With $2.6 billion in cash and equivalents, including $951 million in free cash, Live Nation believes it can sustain operations until concerts return at scale in summer 2021. A global survey indicates 95% of fans plan to return to live music events post-restrictions, signaling robust demand for future events.

Live Nation Entertainment (NYSE: LYV) will announce its third quarter 2020 financial results after market hours on November 5, 2020. CEO Michael Rapino will lead a teleconference at 2:00 p.m. PT to discuss the company's performance and future outlook. Interested parties can access the live webcast via the company's investor relations website. Live Nation is the leading live entertainment firm, comprising Ticketmaster, Live Nation Concerts, and Live Nation Media & Sponsorship.

Morrissey has announced his rescheduled residency, 'Viva Moz Vegas', at The Colosseum at Caesars Palace for five nights in summer 2021. Tickets are available starting at $59. This residency follows Morrissey's successful Broadway stint and showcases his extensive career, including new material from his 13th solo album, 'I Am Not A Dog on a Chain'. Performance dates are set for August 28-29 and September 2, 4-5. Morrissey's unique artistry promises an intimate experience for fans.