Live Nation Entertainment Inc Stock Price, News & Analysis

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.

Live Nation Entertainment (LYV) announced a proposed offering of $450 million in common stock under the Securities Act of 1933. The proceeds will primarily fund the acquisition of 51% of OCESA Entretenimiento, S.A. de C.V. Remaining funds will be used for general corporate purposes. The offering is not contingent on this acquisition's completion. Goldman Sachs acts as the sole book-running manager. The company emphasizes the inherent risks and uncertainties associated with the offering, including market conditions and management's discretion over the use of proceeds.

Live Nation Entertainment (NYSE: LYV) has resumed its acquisition of a 51% stake in OCESA Entretenimiento, a major Latin American promoter, for approximately USD$444 million. This deal, initially announced in July 2019 but delayed due to the pandemic, is expected to close by late 2021 or early 2022, pending regulatory approval. OCESA, which promotes over 3,100 events annually across Mexico and Colombia, enhances Live Nation's global platform, supporting artists and boosting ticket sales and attendance as live events return.

Live Nation Entertainment (NYSE: LYV) announced that Joe Berchtold, President and CFO, will speak at the Goldman Sachs Communacopia Conference on September 23, 2021 at 10:15 a.m. PT. The session will be available via a live webcast on the company's website under the 'News / Events' section. Live Nation is a leading entity in the live entertainment industry, with key divisions including Ticketmaster and Live Nation Concerts. For further information, visit www.livenationentertainment.com.

Lady Gaga will return to Park MGM in Las Vegas for nine performances of her LADY GAGA JAZZ & PIANO show starting October 2021. This event is a collaboration between MGM Resorts International and Live Nation, celebrating her upcoming album Love For Sale, set to release on October 1. The presale begins on August 24 for fan community members and extends to other groups afterward. Tickets start at $90 and will be available from August 28. The event mandates proof of negative COVID-19 test or vaccination for entry.