Live Nation Entertainment Inc Stock Price, News & Analysis

Four-time GRAMMY winners, The Doobie Brothers, will perform an exclusive eight-show engagement at Zappos Theater in Las Vegas from May 13 to May 28, 2022. Following their 50th Anniversary Tour, the legendary band featuring TOM JOHNSTON, MICHAEL MCDONALD, PAT SIMMONS, and JOHN MCFEE will present iconic hits each night starting at 8 p.m.. Tickets go on sale to the public on December 17, with presales for Caesars Rewards members and Live Nation customers beginning on December 15.

Live Nation Entertainment (NYSE: LYV) has completed the acquisition of a 51% controlling interest in OCESA Entretenimiento, a major live event promoter in Latin America, for MXN$8,835 million. This deal enhances Live Nation's operations in Latin America, allowing for better artist services and expanding its live entertainment platform. OCESA hosts thousands of events annually and manages Ticketmaster Mexico, selling approximately 20 million tickets each year. Live Nation anticipates growth in the region and increased ticket sales, with over 22 million tickets sold for 2022 concerts as of mid-October.

John Legend will headline a new residency, "Love In Las Vegas," at the Zappos Theater in Planet Hollywood Resort & Casino, starting on April 22, 2022. The residency, promoted by Live Nation, will feature Legend's greatest hits in a vibrant concert experience.

Tickets go on sale December 13, 2021, with presales available for fan club members and Citi cardmembers starting December 8. The initial performance dates include 24 shows across April, May, August, and October 2022.

Live Nation Entertainment (LYV) reported a strong third quarter for 2021, achieving $137 million in operating income and $306 million in AOI. This marks a return to profitability across all business segments, fueled by 17 million fans attending shows, driving double-digit growth in pricing and on-site spending. Ticketmaster also reported its highest operating income and AOI quarter ever, with trends indicating strong demand for 2022 shows, including 22 million tickets already sold. Sponsorship commitments also rose significantly, showcasing the recovery in live entertainment.

Live Nation Entertainment (NYSE: LYV) will have its President and CFO, Joe Berchtold, participate in a fireside chat at the Morgan Stanley European Technology Media & Telecom Conference. The event is scheduled for November 17, 2021, at 9:20 a.m. PT. A live webcast of the session will be available on the company’s investor relations website. Live Nation is recognized as the top global live entertainment company, encompassing Ticketmaster, Live Nation Concerts, and Live Nation Media & Sponsorship.

Sting has launched his residency, "My Songs," at The Colosseum at Caesars Palace in Las Vegas, featuring hits from his illustrious career, including "Roxanne" and "Every Breath You Take." Produced by the Cherrytree Music Company, Live Nation, and Caesars Entertainment, the residency runs through November 13, 2021, and will resume in June 2022. Tickets are currently available, including VIP packages that offer unique experiences. Sting's new album, The Bridge, will be released on November 19, showcasing his diverse songwriting talents amidst the pandemic's challenges.

Harry Styles will kick off the grand opening of UBS Arena at Belmont Park, NY, on November 28, 2021, as part of his Love On Tour. Tickets go on sale November 5 via Ticketmaster. Due to high demand, presale registration is open until November 2, with American Express Card Members enjoying early access. The $1.1 billion arena will host over 150 events annually, is committed to carbon-neutral operations by 2024, and aims to enhance the regional economy. COVID-19 safety protocols will be in place for attendees.

Live Nation Entertainment (NYSE: LYV) has announced an innovative partnership with artists to introduce digital collectible NFT ticket stubs named Live Stubs. This initiative allows fans to collect unique NFTs that correspond to their specific ticket details for select North American shows. Live Stubs aims to enhance fan engagement and provide artists with new ways to connect with audiences. The first NFTs will be launched for the SWEDISH HOUSE MAFIA: PARADISE AGAIN TOUR, with tickets going on sale on October 29, 2021. Live Nation has been investing in blockchain technology since 2018.

Live Nation has announced that Metallica and Billy Joel will headline Allegiant Stadium in Las Vegas on Feb. 25-26, 2022. The lineup will kick off with Metallica performing alongside Greta Van Fleet on Feb. 25, followed by Billy Joel on Feb. 26. Presale tickets will be available for various fan club members starting on Oct. 26, while general sales begin on Oct. 29. Allegiant Stadium is expected to generate an annual economic benefit of $620 million and create 6,000 permanent jobs in the region.