Live Event Industry To Lose Over $500M Due To Cancelled Tours
The live event industry is taking a hard hit due to the coronavirus (COVID-19) pandemic. Top concert tours are being cancelled or postponed, while high-scale festivals have been called-off. Earlier this month, promoter giants Live Nation Entertainment and AEG, as well as booking agencies WME, Creative Artists Agency, UTA,... Read more
Ticketer Responds To Comic Con Lawsuit Regarding Alleged Stolen Funds
This year’s nearly sold-out Boston Comic Con was set to feature stars like Chris Evans, Tom Hiddleston, and Chris Hemsworth. However, right before the event kicked-off on March 20, the Con was cancelled due to concerns over the growing coronavirus (COVID-19) pandemic. Pop culture fans quickly sought refunds, but... Read more
Live Nation Sweden Appoints New Chief Executive Officer
Live Nation Sweden has found its new chief executive officer. Industry veteran Mattias Behrer will fill the top role at the Scandinavian branch effective August 10. Behrer comes to the entertainment giant with an illustrious career behind him. He previously served as CEO of Dentsu Aegis, a leading media... 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
ASA Tells StubHub To Stop Using ‘Guaranteed Genuine Ticket’ Claim
Update (as of March 27, 2020): A spokesperson for StubHub released the following statement regarding the ASA order: “StubHub is a fan-first ticket marketplace, providing an opportunity for fans to sell tickets they’re no longer able to use and buy tickets for events they want to go and see. Every... Read more
How Hard-Hit Ticketing Sites Are Coping With Virus’ Industry Impact
In an era where the live events industry has come to a standstill, ticketing sites are finding themselves in unprecedented territory. Ticketing has been one of the hardest hit industries from the coronavirus pandemic with pro sports leagues on hold indefinitely, Broadway theaters shuttered and hundreds of concerts called... Read more
Live Nation Stock Metrics Present Potential ROI
In recent weeks, Live Nation’s stock (LYV) has dropped dramatically due to the coronavirus (COVID-19) pandemic amid widespread cancellations, however, billionaires showed an interest in the company during this time. Ahead of the latest trading session closing, Live Nation Entertainment had 1.92 million shares being bought and sold, Dwinnex... Read more
CTS Eventim Postpones Annual Shareholders Meeting
In response to the global coronavirus pandemic, European ticketing leader CTS Eventim has postponed its annual shareholders meeting. The German company was forced to shift its plans after Germany announced a ban of meetings of more than two people in an effort to curb the spread of the virus.... 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
Liberty Media Repays Live Nation Loan, Helping Stabilize Stock
While coronavirus (COVID-19) spreads across the globe, the live event industry has taken a big hit – cancelling major festivals and concerts. To help Live Nation, which has been strapped financially on top of millions in debt, Liberty Media fully repaid the promoter giant’s margin loan. According to a... Read more