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.
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.
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.