Live Nation Entertainment(LYV)
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Live Nation May Face Antitrust Lawsuit
PYMNTS· 2024-04-16 09:13
Live Nation reportedly may be facing an antitrust lawsuit as early as May. The Justice Department is preparing to sue the concert promotion and ticketing company after investigating its size and negotiating power in its field, The Wall Street Journal (WSJ) reported Monday (April 15). The suit will allege that Live Nation, which is the parent company of Ticketmaster, has used its dominance in the field of ticketing for live events to undermine competition, according to the report. A Ticketmaster spokeswoman ...
Live Nation could be hit with antitrust suit as soon as next month: report
Business Insider· 2024-04-16 06:44
Live Nation is expected to be hit with an antitrust lawsuit as soon as next month, The WSJ reported. The anticipated suit follows a probe into the concert giant's handling of ticket and venue negotiations. Live Nation, which owns Ticketmaster, has long faced criticism over its ticket fees. Insider Today NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Bull Thanks for signing up! Access your favorite topics in a personalized fe ...
TicketMaster parent Live Nation facing DOJ antitrust lawsuit as soon as May: report
New York Post· 2024-04-16 06:27
The Justice Department is preparing to file an antitrust lawsuit against Live Nation as soon as next month, the Wall Street Journal reported on Monday, citing people familiar with the matter. Live Nation’s subsidiary Ticketmaster, which for decades has been condemned for hardball tactics and high prices, was also widely criticized in 2022 after botched ticket sales for Taylor Swift’s “Eras” tour, feeding demands that the two companies be investigated for harming consumers. The lawsuit would allege that Live ...
HEATHER LOWERY'S FEMME IT FORWARD EXPANDS WITH NEW "MUSE" MENTORSHIP PROGRAM TO ELEVATE FEMALE CREATIVES IN MUSIC
Prnewswire· 2024-04-10 21:00
Alicia Keys, Erykah Badu, and Teyana Taylor to Advise Emerging Creatives Across Various Disciplines, Alongside MUSE Mentors, Rapsody, Trina, and Amber Riley LOS ANGELES, April 10, 2024 /PRNewswire/ -- Femme It Forward (FIF), the multi-format music and entertainment company dedicated to celebrating, educating, empowering, and mentoring female visionaries, announces the expansion of its mentorship endeavors with the launch of "MUSE" (Musicians Uplifting Stars Everyday), a new Mentorship Program specifically c ...
Live Nation stock rides the pent-up demand for live events
MarketBeat· 2024-02-27 20:01
公司业务 - 公司是全球最大的现场音乐演唱会活动推广商,2023年举办了超过5万场音乐会,吸引了超过1.45亿名粉丝参与[1][2] - 公司的垂直整合模式包括音乐会、售票和赞助广告三大主要业务领域,其中音乐会业务收入最高,但利润率最低,而售票业务利润率最高[4] 财务表现 - 公司预计2024年将继续增长,即使2023年收入同比增长36%至227亿美元[1][2] - 2023年全年收入同比增长36%,运营利润增长46%,调整后的运营利润同比增长32%,现金流为14亿美元,自由现金增长20%至11亿美元[7] 市场前景 - 2024年的前景看好,90%的现场音乐观众认为在社交媒体上看到现场音乐内容会驱使他们参加演出,票务销售增长6%,今年已售出5700万张门票[10]
Live Nation wants to price more concert tickets based on demand and add more VIP options
Market Watch· 2024-02-24 05:54
After a massive two-year rebound in concerts, Ticketmaster parent company Live Nation Entertainment Inc. is hoping to keep the momentum going for its top and bottom lines — in part via efforts to upsell customers on premium-tier offerings and to price tickets based more directly on concertgoer demand. The company, during its quarterly earnings call on Thursday, said it still had plenty of room to expand its so- called platinum ticket offerings — those that use “dynamic pricing,” in which prices are tied to ...
Live Nation's (LYV) Q4 Earnings Lag, Revenues Surpass Estimates
Zacks Investment Research· 2024-02-24 01:21
Live Nation Entertainment, Inc. (LYV) reported mixed fourth-quarter 2023 results, with earnings missing the Zacks Consensus Estimate and revenues beating the same. Revenues surpassed the consensus estimate for the seventh straight quarter. Following the results, the company’s shares increased 3.8% in the after-hour trading session on Feb 22. The company has been benefiting from the pent-up demand for live events and robust ticket sales. It continues to benefit from the robust performance of Ticketmaster and ...
Live Nation Entertainment Stock Rises After Earnings
Schaeffers Research· 2024-02-24 00:23
LYV股价表现 - Live Nation Entertainment Inc (NYSE:LYV)的股价今日上涨,七位分析师提高了其目标价位[1] - LYV股价一度上涨至$101.50,创下52周新高,但未能超过7月峰值,目前报价为$97.10,自去年2月以来上涨约27%[2] Jefferies对LYV的评级和预测 - Jefferies重申了对LYV的“买入”评级,并预计其加速增长的收入和边际改善将持续[1] 期权市场交易情况 - 期权市场中,交易量为5,187手看涨期权和2,780手看跌期权,交易量是日均水平的四倍,最受欢迎的是3月到期的105看涨期权[3] LYV空头持仓情况 - LYV的空头持仓占可供出售的股份的8.8%,空头需要近七天的时间才能回购他们的押注,这意味着存在大量的潜在买盘[4]
Ticketmaster owner sees sales rocket as concert demand surges
Proactive Investors· 2024-02-23 16:14
Ticketmaster owner Live Nation Entertainment Inc (NYSE:LYV) exceeded fourth-quarter revenue expectations, driven by robust concert demand during the holiday season. Both advertising and ticket revenues surged during the period as the post-pandemic trend of consumers increasing their spending on leisure continued. Concerts from artists like Jennifer Lopez and Sean Paul are scheduled for 2024, but the company warned that growth will be more weighted to the second half. Total sales increased by 36% during the ...
Live Nation Entertainment(LYV) - 2023 Q4 - Earnings Call Transcript
2024-02-23 08:29
业绩总结 - 公司在2023年第四季度和全年财报电话会议中提到了对于2024年音乐会和门票业务的收入增长和利润率扩张的预期[11] - 公司对今年第四季度的业绩有信心,预计将实现两位数的AOI增长[40] - 公司在中国市场创下了iPhone销售收入纪录,达到了967.7亿美元[110] 用户数据 - 公司在赞助业务方面的收入已经超过10亿美元,拥有近1.5亿粉丝和6亿张门票销售记录,显示出强劲的增长势头[75] 未来展望 - 公司目前认为自己处于双赢局面,全球规模仍在持续增长,同时有大量机会可以实现规模的货币化[28] - 公司在全球范围内持续扩大场馆规模,特别是在国际场馆方面的投资将在未来五年内大幅增加[51] 新产品和新技术研发 - 公司认为可以通过在现场投资资本,将草坪区域改造成VIP俱乐部,获得20%至30%的资本回报率[29] - 公司认为可以通过升级现场设施,将业务规模翻倍,例如通过推出新的俱乐部、VIP包厢等[30] 市场扩张和并购 - 全包价格政策导致了更高的转化率,这可能会促使第三方场馆采用这一政策[57] - 艺人和消费者的全球化需求正在推动演出推广业务从国家级向全球级的转变[58][59][61] 负面信息 - 公司在COVID期间耗尽了大量现金,目前正在恢复财务实力,但未来可能会根据机会的大小适度增加资本支出[65][66]