The company's shares dropped on major shareholder Pershing Square’s plan to sell 50 million shares, capping off a rough week for most music stocks.
Rejecting a bid to narrow the huge antitrust case, a judge refused to toss a claim that Live Nation exploits its network of amphitheaters to pressure artists into promotion deals.
Universal Music Group and Warner Music Group shares gained following the former’s fourth-quarter earnings release on Thursday (March 6).
Before there was Live Nation, the merger between SFX and Clear Channel changed touring for everyone: "It was probably the biggest impact in the industry since the Beatles."
Through mid-February, 2025 stadium shows are up 60% from the prior-year period and 65 million tickets have been sold for Live Nation concerts, a double-digit annual increase.
The company says a new program designed to replace the pass will be announced later this year.
The National Independent Talent Organization is asking the agency to expand its ruling, saying it does “nothing to reduce the junk fees buried inside each concert ticket."
The Liberty board member and longtime media and entertainment executive will lead a company that owns a 30% stake in Live Nation.
Also: Live Nation acquires a majority stake in Portugal's MEO Arena, Oasis finds a tour merch partner in WMX and more.
This year, Live Nation has seen a marked increase in revenue from VIP experiences — and the strategy is catching on in other areas of the business as well.
