Concert Industry Faces Up To $9 Billion Loss From Pandemic
Concerts and festivals across the globe continue to be postponed or cancelled due to the novel coronavirus pandemic. No one sees an end in sight, and that means the concert industry is going to see a huge decline in revenue. On Friday, the research firm and trade publication Pollstar... Read more
Potentially Cancelled NBA Season Could Mean $500M Loss In Ticket Revenue
Due to the ongoing coronavirus pandemic, the NBA halted its season. However, the league could be taking a huge financial blow. At this time, the season has been suspended for 30 days, but if that number increases, the league could face a loss, after already receiving a several hundred... Read more
Live Nation Reveals 2019 Revenue Report, Ninth Consecutive Year of Growth
Concert promoter giant Live Nation Entertainment revealed its full-year results for 2019, which show another increase in revenue. The report, which was released on Thursday, says that the company reported a total revenue of $11.54 billion – an 8% increase from 2018. Additionally, the operating income and adjusted operating... Read more
Live Nation Entertainment released financial results for their fourth quarter, as well as the full year of 2018, last week, which showed the company’s eighth consecutive year of growth. The report showed that revenue, operating income, and adjusted operating income increased, with revenue up 11 percent to $10.8 billion,... Read more
Live Nation Entertainment has released its third quarter financial results, which is the company’s “best quarter yet.” The ticketing giant revealed that revenue is up 11 percent, totaling a staggering $3.8 billion this quarter. Operating income and adjusted operating income both increase by 16 percent, while sponsorship and advertising... Read more