Live Nation Entertainment Inc Stock Price, News & Analysis

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.

Live Nation Entertainment (NYSE: LYV) will announce its third quarter 2021 financial results on November 4, 2021, after market hours. CEO Michael Rapino will lead a teleconference at 2:00 p.m. PT (5:00 p.m. ET) to discuss financial performance and operational outlook.

A live webcast will be available on the company's investor relations website, providing access to supplemental financial data post-call.

Rod Stewart is set to return to Las Vegas in 2022 with a new batch of 10 shows for his residency "Rod Stewart: The Hits." Presented by Caesars Entertainment and Live Nation, the performances will take place at The Colosseum at Caesars Palace from May 13 to 21 and September 23 to October 1, 2022. The residency has garnered acclaim over the years, ensuring that no seat is more than 145 feet from the stage. Stewart will also release his new album "The Tears of Hercules" on November 12, 2021.

Live Nation Entertainment (NYSE: LYV) has elected Latriece Watkins to its Board of Directors. With over 20 years of experience at Walmart, she currently oversees merchandising strategies in the U.S. consumables division. Chairman Greg Maffei praised her expertise, anticipating valuable insights for growth and innovation. Watkins, who has a strong background in leadership and diversity initiatives, expressed enthusiasm for connecting people to live music. Her appointment reflects Live Nation's commitment to leveraging fresh perspectives within its executive team.

Global megastar Usher announced two additional dates for his Las Vegas residency at The Colosseum at Caesars Palace on December 23 and 24, 2021, due to high demand. The shows are set to feature an immersive experience with extravagant costumes and high-tech effects, showcasing hits from Usher's 20-year career. Tickets go on sale on October 9, with presales starting for Citi cardmembers and loyalty program members on October 6 and October 7. A portion of ticket sales will benefit Usher's New Look, Inc., transforming the lives of underserved youth.

The iconic pop super-group New Kids On The Block announced their MixTape Tour 2022, featuring legendary acts Salt-N-Pepa, Rick Astley, and En Vogue. The tour will cover over 50 cities in North America, starting May 10 in Cincinnati and concluding July 23 in Washington, DC. Tickets will go on sale from October 8. Following the success of the previous tour that grossed $53.2 million and sold over 650,000 tickets, fans can expect a night filled with chart-topping classics. The announcement was highlighted with a special appearance on The Kelly Clarkson Show.

Live Nation Entertainment (LYV) announced the pricing of a common stock offering of 5,239,259 shares at $86.90 each, totaling approximately $449.6 million in net proceeds. The offering is set to close on September 17, 2021. The funds will primarily finance the acquisition of 51% of OCESA Entretenimiento, with remaining proceeds allocated for general corporate purposes. Goldman Sachs is managing the offering. The announcement also includes forward-looking statements about risks, including market conditions and management discretion in fund utilization.