Key Takeaways Live Nation Entertainment (LYV) shares tumbled more than 8% in premarket trading Thursday after Bloomberg reported late Wednesday that the U.S. Department of Justice (DOJ) and a group of states plan to launch an antitrust suit against the Ticketmaster parent, potentially leading to a breakup of company. A suit relating to Ticketmaster's dominance of concert ticket sales is expected to be filed in the Southern District of New York on Thursday, with potential remedies including a breakup of Live ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more Proactive will on occasion use automation and softwa ...

Topline The Justice Department is expected to file suit Thursday against entertainment giant Live Nation over allegations the company has monopolized the concert ticket market, according to Bloomberg and The Washington Post, possibly seeking to break up the controversial Ticketmaster parent—sending Live Nation shares sliding in after-hours trading. Live Nation merged with Ticketmaster in 2010. (Photo Illustration by Rafael Henrique/SOPA ... [+] Images/LightRocket via Getty Images) SOPA Images/LightRocket vi ...

Klaus Vedfelt The live music industry is experiencing a number of structural tailwinds that should drive robust growth over time. To give a better sense of the size and growth trend, I point readers to LYV's recent analyst day, which has a slide on it. According to management, the industry is worth around $35 billion in 2023 and has grown 8% annually over the past two decades. Over the next decade, the expectation is for the industry to grow faster than ever. I totally agree with the management view that th ...

The initiative, aimed at displaying total ticket costs upfront, has benefited fans by offering greater transparency. Also, it has resulted in increased revenues for artists. This success underscores the importance of transparent pricing in the ticketing industry, especially as policymakers consider reforms such as the TICKET Act. Live Nation Entertainment (LYV) has seen a notable uptick in completed sales since implementing its all-in pricing policy across its venues and festivals in the United States. In t ...

Key Points Live Nation Entertainment Inc. NYSE: LYV shares surged 10% on its Q1 2024 earnings release despite missing EPS estimates by 53 cents and still losing money. The consumer discretionary sector giant is the world's largest producer of live music concerts and entertainment events. It also owns the largest ticketing service, Ticketmaster. Large is the theme with the company, and its revenue beat can only be described as large at $520 million in its first quarter of 2024. Live Nation competes loosely w ...

The encouraging data comes at a critical time as policymakers in the House prepare to vote on the TICKET Act, which aims to ensure transparent pricing for consumers among other ticket reforms. Live Nation's move to all- in pricing has seen broad success, with nearly 9,000 shows displaying all-in pricing as the program begins to scale. This benefits fans in the 33 states plus Washington, D.C., where Live Nation operates venues. "Showing the total cost to walk in the door upfront is better for fans and artist ...

LOS ANGELES, May 7, 2024 /PRNewswire/ -- Live Nation Entertainment, Inc. (NYSE: LYV), the world's leading live entertainment company, announced today that Joe Berchtold, Live Nation Entertainment's President and Chief Financial Officer, will be presenting at J.P. Morgan's 52nd Annual Global Technology, Media and Communications Conference on Tuesday, May 21, 2024 at 7:10 a.m. PT. A live webcast of the event will be accessible from the "News / Events" section of the company's website at investors.livenationen ...

Investors interested in stocks from the Leisure and Recreation Services sector have probably already heard of Norwegian Cruise Line (NCLH) and Live Nation (LYV) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate r ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-32601 LIVE NATION ENTERTAINMENT, INC. (Exact name of registrant as specified in its charter) ____________________________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________ ...