Live Nation CEO talks consumer demand, says live music is 'a very scarce commodity'
Live Nation Entertainment(LYV) CNBC·2024-11-13 07:58
Live Nation CEO Michael Rapino told CNBC's Jim Cramer on Tuesday that the nature of live music keeps it in demand, which helps the business stay strong — even though some consumer-oriented companies report a pullback due to inflation."It's a very scarce commodity," he said. "If you want to see Ben Folds tonight, who's playing here, you have to come tonight. Whereas you may just, you know, delay your Disney trip."Live Nation, which also owns Ticketmaster, has its hand in many aspects of the industry. It serv ...