Live Nation reportedly may be facing an antitrust lawsuit as early as May.The Justice Department is preparing to sue the concert promotion and ticketing company after investigating its size and negotiating power in its field, The Wall Street Journal (WSJ) reported Monday (April 15).The suit will allege that Live Nation, which is the parent company of Ticketmaster, has used its dominance in the field of ticketing for live events to undermine competition, according to the report.A Ticketmaster spokeswoman tol ...

Live Nation is expected to be hit with an antitrust lawsuit as soon as next month, The WSJ reported.The anticipated suit follows a probe into the concert giant's handling of ticket and venue negotiations.Live Nation, which owns Ticketmaster, has long faced criticism over its ticket fees. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while y ...

The Justice Department is preparing to file an antitrust lawsuit against Live Nation as soon as next month, the Wall Street Journal reported on Monday, citing people familiar with the matter.Live Nation’s subsidiary Ticketmaster, which for decades has been condemned for hardball tactics and high prices, was also widely criticized in 2022 after botched ticket sales for Taylor Swift’s “Eras” tour, feeding demands that the two companies be investigated for harming consumers.The lawsuit would allege that Live N ...

Alicia Keys, Erykah Badu, and Teyana Taylor to Advise Emerging Creatives Across Various Disciplines, Alongside MUSE Mentors, Rapsody, Trina, and Amber RileyLOS ANGELES, April 10, 2024 /PRNewswire/ -- Femme It Forward (FIF), the multi-format music and entertainment company dedicated to celebrating, educating, empowering, and mentoring female visionaries, announces the expansion of its mentorship endeavors with the launch of "MUSE" (Musicians Uplifting Stars Everyday), a new Mentorship Program specifically cr ...

Key PointsLive Nation is the largest live music concert events promoter in the world, with over 50,000 concerts attended by more than 145 million fans in 2023.Live Nation promoted the highest sales-generating concert tour of all time, Taylor Swift's The Eras Tour.The company expects 2024 to continue seeing growth even as revenues surged 36% YoY to $22.7 billion in 2023.5 stocks we like better than Live Nation EntertainmentLive Nation Entertainment Inc. NYSE: LYV is the global leader in live music and entert ...

After a massive two-year rebound in concerts, Ticketmaster parent company Live Nation Entertainment Inc. is hoping to keep the momentum going for its top and bottom lines — in part via efforts to upsell customers on premium-tier offerings and to price tickets based more directly on concertgoer demand. The company, during its quarterly earnings call on Thursday, said it still had plenty of room to expand its so-called platinum ticket offerings — those that use “dynamic pricing,” in which prices are tied to f ...

Live Nation Entertainment, Inc. (LYV) reported mixed fourth-quarter 2023 results, with earnings missing the Zacks Consensus Estimate and revenues beating the same. Revenues surpassed the consensus estimate for the seventh straight quarter.Following the results, the company’s shares increased 3.8% in the after-hour trading session on Feb 22.The company has been benefiting from the pent-up demand for live events and robust ticket sales. It continues to benefit from the robust performance of Ticketmaster and a ...

The shares of Live Nation Entertainment Inc (NYSE:LYV) are on the rise today, following the company's upbeat fourth-quarter results, after which no fewer than seven analysts lifted their price targets. Jefferies also reiterated its "buy" rating, noting it expects the accelerating revenues and margin improvements to continue. All 16 analysts in coverage already carry a "buy" or better rating on the security. At last glance, LYV was up 3.9% at $97.10. Earlier as high as $101.50, the stock nearly surpassed its ...

Ticketmaster owner Live Nation Entertainment Inc (NYSE:LYV) exceeded fourth-quarter revenue expectations, driven by robust concert demand during the holiday season. Both advertising and ticket revenues surged during the period as the post-pandemic trend of consumers increasing their spending on leisure continued. Concerts from artists like Jennifer Lopez and Sean Paul are scheduled for 2024, but the company warned that growth will be more weighted to the second half. Total sales increased by 36% during the ...

Live Nation (LYV) reported $5.84 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 36.1%. EPS of -$1.22 for the same period compares to -$1.09 a year ago.The reported revenue represents a surprise of +23.73% over the Zacks Consensus Estimate of $4.72 billion. With the consensus EPS estimate being -$1.13, the EPS surprise was -7.96%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall S ...