Live Nation Entertainment Inc Stock Price, News & Analysis

Ghost has announced a second date for their RE-IMPERATOUR U.S.A. 2023 tour in Los Angeles on September 12, 2023, due to overwhelming demand. The tour, produced by Live Nation and FPC Live, will feature 28 dates, concluding with back-to-back performances at the Kia Forum. Tickets will go on sale beginning February 17, starting with a presale at 9am PT. Ghost, recognized for their significant cultural impact, has achieved over a billion streams and continues to engage passionate audiences with their live performances.

THE LAST ROCKSTARS, a Japanese supergroup, is partnering with LiveNation and Veeps for a global livestream of their February 10th concert at the Hollywood Palladium in Los Angeles. Following sold-out shows in Tokyo and New York, the event will be available to rock fans worldwide, with tickets currently on sale. The concert features opening act BAND-MAID and includes delayed viewing for up to 72 hours. The band, consisting of renowned artists YOSHIKI, HYDE, SUGIZO, and MIYAVI, recently released their first single, which has garnered over 4 million views on YouTube.

Live Nation Entertainment (NYSE: LYV) will announce its fourth quarter and full year 2022 financial results after market close on February 23, 2023. The company's CEO, Michael Rapino, will lead a teleconference at 2:00 p.m. PT (5:00 p.m. ET) to discuss their financial performance and operational outlook. Stakeholders can access a live webcast of the call through the investor relations section of Live Nation's website. The company is recognized as a global leader in live entertainment, encompassing major entities such as Ticketmaster and Live Nation Concerts.

Peggy, an innovative art marketplace, launched to democratize art investment, making it accessible even during economic uncertainty. The company has raised $10.8 million CAD in funding, reinforcing art as a stable investment. Utilizing AI for artwork verification, Peggy allows collectors to authenticate and resell pieces, with artists earning royalties. The app, supported by partnerships with top galleries and renowned artists, aims to simplify art collecting for new enthusiasts. Founders Craig Follett and Adam Meghji, with previous ties to Live Nation, lead the initiative towards a sustainable art ecosystem.

Legendary GRAMMY Award-winner Van Morrison is set to perform a three-night concert series at Zappos Theater in Las Vegas on September 6, 8, and 9, 2023. Tickets for these shows will be available to the public starting on February 10, 2023, with presale opportunities for American Express members and Caesars Rewards customers beginning from February 7 and February 8 respectively.

Known for iconic hits like "Brown-Eyed Girl" and "Moondance," Morrison has had a significant impact on rock music, with over 150 of his songs featured in major films.

KIDZ BOP has announced the KIDZ BOP Never Stop Live Tour in collaboration with Live Nation, set to visit 37 cities across the U.S. and Canada this summer, starting from June 24, 2023. The tour features four new KIDZ BOP Kids performing popular tracks from the newly released album KIDZ BOP 2023. Tickets will be available for the general public beginning January 27, with presales starting on January 24. KIDZ BOP, recognized as the #1 music brand for kids, has sold over 23 million albums and amassed more than 8 billion streams worldwide since its inception in 2001.

Live Nation Entertainment (NYSE: LYV) has successfully completed a $1.0 billion offering of 3.125% convertible senior notes due 2029, increased from an initial $850.0 million due to strong investor demand. CEO Michael Rapino noted that the offering saw demand nearly five times the available amount, reflecting confidence in the live entertainment market. Proceeds will be used to repurchase existing convertible notes due March 2023, cover related expenses, and for general corporate purposes. This move aims to minimize share dilution and enhance their balance sheet.

Live Nation has secured a new naming rights deal for its Phoenix venue, now called the Talking Stick Resort Amphitheatre. This iconic 20,000-seat venue, formerly known as Ak-Chin Pavilion, has been an entertainment staple for over 30 years. The partnership highlights Talking Stick Resort's commitment to the Phoenix community, enhancing its extensive entertainment offerings. Many major artists are slated to perform in 2023, including Shania Twain and ZZ Top. This deal is part of a broader initiative to meet the growing demand for live music.

Live Nation Entertainment (LYV) announced the pricing of its upsized offering of $900 million in 3.125% convertible senior notes due 2029, increased from a prior estimate of $850 million. The notes are priced at 100% of their principal amount, with an initial conversion rate of 9.2259 shares per $1,000 principal, translating to an approximate conversion price of $108.39 per share, reflecting a 50% premium over its recent stock price of $72.26. The proceeds will be used for capped call transactions and repurchasing existing convertible notes.