Live Nation Entertainment Inc Stock Price, News & Analysis

Aerosmith has announced the return of their Las Vegas residency, AEROSMITH: DEUCES ARE WILD, beginning on June 17, 2022, at Dolby Live at Park MGM. This will be the first concert in Dolby Atmos technology, providing an immersive audio experience. Tickets go on sale starting March 31, 2022, with pre-sale opportunities for fan club members and Citi cardholders. The residency features a 90-minute electrifying performance and celebrates the band's 50th anniversary.

Morrissey has announced five new dates for his residency, “Morrissey: Viva Moz Vegas”, at The Colosseum at Caesars Palace in Las Vegas. The shows will take place on July 1, 2, 6, 8, and 9, 2022. Tickets go on sale to the public on March 25 at 10 a.m. PT. This residency marks Morrissey's third theatrical outing, following a successful Broadway run and recent tour dates with Interpol. Attendees can expect an engaging performance celebrating his entire career, including songs from his latest album “I Am Not A Dog on a Chain”.

Jonas Brothers have announced Jonas Brothers: Live in Las Vegas, an exclusive five-night residency at Dolby Live at Park MGM on June 3, 4, 9, 10, and 11, 2022. General ticket sales start on March 7, 2022, with prices beginning at $49.95. Pre-sale tickets for Citi card members will be available starting March 2, 2022. The residency follows their successful REMEMBER THIS Tour, which grossed over $36 million across 40+ dates, selling over 528,000 tickets. This event is expected to significantly boost MGM's revenue during the summer months.

Live Nation Entertainment (NYSE: LYV) announced that President and CFO Joe Berchtold will present at two upcoming conferences: Morgan Stanley's Technology, Media and Telecom Conference on March 10, 2022, at 2:25 p.m. PT, and Deutsche Bank's 30th Annual Media, Internet and Telecom Conference on March 14, 2022, at 10:35 a.m. PT. A live webcast of both events will be available on the company's investor relations website.

Live Nation is the leading live entertainment company, encompassing Ticketmaster, Live Nation Concerts, and Live Nation Media & Sponsorship.

Live Nation Entertainment reported significant growth in its 2021 financial results, with operating income improving by $1.2 billion and Adjusted Operating Income (AOI) increasing by $1.3 billion compared to 2020. The company hosted 35 million fans at concerts, indicating a strong recovery post-pandemic. In Q4 alone, ticketing income surged by 118%, with average per-fan revenue up double-digits. Looking ahead, Live Nation expects record-breaking performance in 2022, driven by a robust ticket sales pipeline and expanding sponsorship commitments, with over 45 million tickets already sold for upcoming shows.

The Backstreet Boys are set to return to Las Vegas with four shows at The Colosseum at Caesars Palace on April 8, 9, 15, and 16, 2022. This performance marks the launch of their DNA World Tour 2022.

Following their record-breaking residency from 2017 to 2018, these shows aim to attract a global audience. A presale for Fan Club members starts on February 24, 2022, with general ticket sales commencing on February 28, 2022. The Backstreet Boys remain one of pop's most influential groups, boasting over 130 million worldwide sales.

Usher, the eight-time GRAMMY Award-winning global star, will launch a new residency at Dolby Live at Park MGM starting July 15, 2022. This follows his prior successful residency in 2021, which sold out all 20 shows. Presented by Live Nation and MGM Resorts International, the show promises an immersive experience with audience interactions in a 5,200-seat venue, showcasing hits from Usher’s two-decade career. Public ticket sales begin on February 25, 2022, with prices starting at $79.

Live Nation Entertainment (NYSE: LYV) is set to release its fourth quarter and full year 2021 financial results on February 23, 2022, after market hours. The company's CEO, Michael Rapino, will discuss the performance in a teleconference at 2:00 p.m. PT. An investor presentation will follow on February 24, 2022, at 7:00 a.m. PT. Both events will be available via a live webcast on their investor relations website, providing stakeholders with insights into the company’s operational outlook and forward-looking performance metrics.

Chef Tim Love has announced the opening of Tannahill's Tavern & Music Hall in Fort Worth's Historic Stockyards, slated for 2022. This new venue is designed to enhance the local music scene and will feature state-of-the-art audio and lighting systems, accommodating up to 1,000 guests. It includes facilities for dining and events for up to 500 people, along with three VIP suites. Live Nation will be the venue's booking partner, aiming to attract a variety of artists and elevate Fort Worth's reputation in live entertainment.