Welcome to our dedicated page for Live Nation Entertainment news (Ticker: LYV), a resource for investors and traders seeking the latest updates and insights on Live Nation Entertainment stock.
Live Nation Entertainment reports news on a live entertainment business built around concert promotion, venue operations, ticketing, and sponsorship. Company updates commonly cover Live Nation Concerts, Ticketmaster, Live Nation Media & Sponsorship, fan attendance, ticket sales, large-venue show activity, and performance across owned and operated venues.
Recurring developments also include quarterly and annual earnings releases, conference appearances, artist residency and event announcements, debt financing tied to venue assets, and legal or regulatory matters involving ticketing and venue practices. The company’s news flow links operating demand for live events with capital allocation, venue expansion, and the economics of ticketing and sponsorship.
Veeps, a premium concert streaming platform, has been recognized by Fast Company as one of the world's most innovative companies for 2023. This accolade highlights its advancements in streaming technology, including being the first to offer 4K and Dolby Atmos experiences. In 2022, Veeps facilitated over 40 shows a month across 180 countries, positioning itself as a high-velocity venue. The platform, founded by Joel Madden, aims to provide low-cost solutions for artists while partnering with Live Nation to upgrade live venues, enhancing audience reach. Veeps, part of Live Nation Entertainment (LYV), continues to reshape the live music experience.
Jeff Dunham and his characters announce six performance dates for the show "Still Not Canceled" at Zappos Theater, Planet Hollywood Resort & Casino. The shows are scheduled for May 28, July 16, September 3, October 22, November 12, and December 8, 2023. General ticket sales begin on March 4, 2023, with presales for fan club members starting on March 1 and for Caesars Rewards members on March 2. Dunham, notably a top-selling comedian, has earned significant acclaim and viewership through his specials and successful global tours.
Live Nation Entertainment (LYV) reported a strong 2022, with revenue up 44% to $16.7 billion and operating income up 125% to $732 million. Concert attendance rose 24%, reaching 121 million fans across 43,600 events. Investment in artists hit $9.6 billion, a 45% increase, supporting their income amidst declining revenue shares from other streams. Ticketing revenue climbed 45% to $2.2 billion, with significant growth in international markets. Looking ahead, 2023 shows have already sold over 50 million tickets, with deferred revenue starting at $2.7 billion. The company remains optimistic about ongoing growth, driven by strong demand for live events.
On February 22, 2023, Live Nation Entertainment (NYSE: LYV) announced that Joe Berchtold, the company's President and CFO, will participate in a fireside chat at the Morgan Stanley Technology, Media and Telecom Conference. The event is scheduled for March 8, 2023, at 11 a.m. PT. A live webcast of this session will be available on the company’s investor relations website.
Live Nation, a global leader in live entertainment, operates major brands such as Ticketmaster and Live Nation Concerts.
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.