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Live Nation Entertainment Inc. - LYV STOCK NEWS

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.

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Veeps (VEEPS) launches its first Smart TV app on Samsung TVs, offering exclusive free access to The Smashing Pumpkins' Siamese Dream 30th Anniversary show. The app provides high-quality visuals and immersive audio, marking a milestone in the company's mission to connect with global audiences. Veeps All Access, a subscription offering, was also introduced, providing unlimited access to live concerts, original music-related content, and more.
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Live Nation (LYV) expands partnership with SoLa Impact's affiliated foundation, the SoLa Foundation, to fund the SoLa Tech and Entertainment Center Powered by Live Nation, providing subsidized educational and workforce training opportunities in the entertainment and technology sectors.
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Miranda Lambert announces final dates for her Las Vegas residency at Bakkt Theater at Planet Hollywood Resort & Casino. The final nine shows will take place in March and April of 2024. Tickets go on sale Friday, Dec. 8 at Ticketmaster.com/MirandaVegas. The residency aims to give fans an up close and personal opportunity to experience live performances of Lambert’s chart-topping songs and beloved album cuts.
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Garth Brooks: Caesars Entertainment and Live Nation Ask Garth Brooks to Add 18 New Dates in 2024
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Rod Stewart has announced the final shows of his 13-year residency at The Colosseum at Caesars Palace in Las Vegas. The concerts, titled 'Rod Stewart - The Hits,' will take place from July 24 to August 7, 2024. Tickets go on sale on November 10, 2023. The residency has been highly acclaimed, with Stewart delivering chart-topping hits from his five-decade career. The shows have received rave reviews and have been praised for their intimate concert experience. This will be the 200th show of the residency.
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Jeff Dunham announces six 2024 dates for his show 'Still Not Canceled' at Bakkt Theater at Planet Hollywood Resort & Casino. Tickets go on sale Friday, Nov. 10 at 10 a.m. PT.
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Oxygen Esports-owned Boston Breach will host the first Call of Duty League Major tournament of the 2024 season in partnership with Live Nation at MGM Music Hall at Fenway. The tournament will take place from January 25 to January 28, 2024, and is expected to attract nearly 15,000 guests. The Boston Breach will compete for a share of the $500,000 prize pool.
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Scorpions, the iconic hard rock band, will be returning to the Las Vegas Strip in 2024 for a new headlining residency show in celebration of the 40th anniversary of their album 'Love at First Sting'. The residency will take place at Bakkt Theater at Planet Hollywood Resort & Casino and will feature performances of the album as well as their biggest hits. Tickets go on sale on November 10, 2023.
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Live Nation Entertainment reports record quarter with revenue up 32% to $8.2 billion in Q3 and operating income up 22% to $619 million. Year-to-date revenue is up 36% to $16.9 billion and operating income is up 35% to $1.1 billion. The company expects continued growth in 2024, with a record number of fans and ticket sales, strong sponsorship results, and projected free cash flow in the mid-60s. Live Nation Concerts and Ticketmaster also achieved record results, with revenue up 32% and 57% respectively.
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Mastercard announces a multi-year partnership with Live Nation, granting over 100 million cardholders exclusive access to concert presale tickets, premium seats, and VIP experiences through priceless.com. The partnership aims to enhance the diversity of product benefits for Mastercard cardholders and support the Priceless Planet Coalition. Eligible cardholders in 19 geographies across Europe and Asia will have access to these benefits starting January 1.
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FAQ

What is the current stock price of Live Nation Entertainment (LYV)?

The current stock price of Live Nation Entertainment (LYV) is $134.44 as of November 19, 2024.

What is the market cap of Live Nation Entertainment (LYV)?

The market cap of Live Nation Entertainment (LYV) is approximately 30.8B.

What does Live Nation Entertainment Inc. do?

Live Nation Entertainment Inc. is the global leader in live entertainment, managing concert tours, ticket sales through Ticketmaster, and sponsorships, while also owning and operating numerous venues worldwide.

How many countries does Live Nation operate in?

As of the end of 2023, Live Nation operates in 49 countries.

What recent achievements has Live Nation accomplished?

In 2023, Live Nation achieved record highs in ticket sales, attendance, and sponsorship activities. The company also launched successful projects like the Parti-Gras 2024 festival in partnership with Bret Michaels.

What are some key initiatives by Live Nation for transparency?

Live Nation implemented an all-in pricing policy to provide clear total costs upfront, leading to an 8% increase in completed sales within the first six months of its rollout.

How does Live Nation support diversity and inclusion?

Live Nation supports diversity through initiatives like Femme It Forward, which empowers female visionaries in the music industry, and the MUSE mentorship program focused on emerging female artists and creatives.

What are some benefits provided to Live Nation employees?

Live Nation offers generous vacation, healthcare, and retirement benefits, as well as professional development programs, tuition reimbursement, and paid time off for family bonding and volunteer work.

What is Live Nation's involvement in the ticketing industry?

Live Nation owns Ticketmaster, one of the largest ticketing services globally, which sold over 620 million tickets for more than 10,000 clients in 2023.

What are some of the venues operated by Live Nation?

Live Nation controls or influences 373 venues, including notable ones like the House of Blues.

How is Live Nation performing financially?

Live Nation reported record highs in several financial metrics in 2023, including ticket sales, attendance, and sponsorship activities, with continued growth expected in subsequent years.

Where can I find more information about Live Nation's financial performance?

For detailed financial information, visit Live Nation's investor relations website at investors.livenationentertainment.com.

Live Nation Entertainment Inc.

NYSE:LYV

LYV Rankings

LYV Stock Data

30.81B
156.85M
32.12%
75.67%
5.73%
Entertainment
Services-amusement & Recreation Services
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United States of America
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