Live Nation Credit Rating Downgraded By S&P Global
Live Nation has been downgraded in the S&P Global ratings system amid ongoing pandemic-induced struggles. The entertainment titan was hit with a negative financial outlook when S&P Global changed its B+ credit rating to a BB- citing a risk of “dramatic revenue declines” amid the global crisis. “We …... Read more
Live Nation Adjusts Financial Forecast, Cuts Costs And Taps Credit To Survive
Live Nation is taking drastic new measures to recover from the business turmoil it’s been engulfed in due to the ongoing pandemic. The entertainment giant is overhauling much of its standard practices and implementing pay cuts, amending its existing credit agreement and adjusting its financial forecast. CEO Michael Rapino... Read more
Live Nation Stock Rallies Following Senate Stimulus Vote
Live Nation Entertainment (LYV) saw a strong resurgence in its stock Thursday after the U.S. Senate unanimously voted in favor of a $2 trillion stimulus package to rejuvenate the ailing economy. Live Nation stock bounced back up to close at $45.94 Thursday, a sizable increase from the dismal $21.70... Read more
Live Nation Among Stock Billionaires Are Investing In
The tumultuous state of the stock market has hit many investors hard in recent weeks with the Dow Jones recording several new instances of its biggest single-day declines and the S&P 500 falling 32 percent from its record high set only weeks prior. But despite the downturn inflicted by... Read more
Mark Cuban Takes Interest In Live Nation Investment As Stock Plummets
Billionaire Mark Cuban is looking to invest amid a tumultuous period that has seen the market take a drastic tumble. He has taken a particularly surprising interest in Live Nation stock despite its sudden free-fall in response to the coronavirus disrupting the live event industry. The investor revealed to... Read more