Tag: live nation

Read More

MelodyVR and Live Nation set for Brixton Academy livestreams

We reported last week on VR music startup MelodyVR's financial performance in 2019 – £195k of revenues but a net loss of nearly £15m. The company is continuing to explore new partnerships to grow its business, though,...
Read More

Controversy grows over Live Nation artist terms for 2021

Attempts by Live Nation to change its agreements with artists for concerts and festivals in 2021 have sparked a big row in the US which shows little sign of abating, even as the company began to row back from some of the...
Read More

Live Nation launches a new series of US drive-in concerts

Drive-in cinemas in the US are having a bit of a moment when it comes to live music, as venues that by definition are well suited for socially-distanced concerts. A Garth Brooks concert on 27 June will be shown at more than...
Read More

Live Nation revenues down 20% due to concerts shutdown

In the streaming and recorded music world, the impact of the Covid-19 pandemic on companies’ first-quarter financial results has been noticeable, but not enormous. Many of them expect the bigger hit, if it’s coming, to...
Read More

Today’s positive coronavirus-related industry news (29 April)

A group of concert promoters, venues and show producers are calling for the US Congress to expand its coronavirus relief packages to businesses in the live sector. Billboard has a copy of their request, which claims that...
Read More

Saudi Arabian fund acquires 5.7% stake in Live Nation

The sovereign wealth fund of Saudi Arabia has acquired a 5.7% stake in Live Nation, for a price estimated at nearly $500m. Live Nation is a public company, so this was a transaction on the open market, revealed in a filing by...
Read More

Live Nation reveals plans for cost reductions program

Even the biggest live entertainment company of all isn’t immune from the impact that the Covid-19 pandemic is having on the industry. Live Nation has arranged a new ‘incremental revolving credit facility’...
Read More

Today’s positive coronavirus-related industry news (1 April)

Music Ally is trying to write a story every working day, rounding up the good, practical things happening in and around our industry: focusing on relief efforts and other initiatives from the music industry and music / tech...
Read More

Cocooning, downgrading… what will Coronavirus mean for music?

The short term impact of the novel-Coronavirus (COVID-19) outbreak, in the US at least, is this: no big tours. AEG and Live Nation both announced yesterday that they are postponing all arena tours scheduled for March, having...
Read More

Live Nation tipped to face Department of Justice investigation

Live Nation’s shares have endured a bit of a buffeting after reports that the company is facing an investigation from the US Department of Justice. The central issue, according to the Wall Street Journal and Los Angeles...
Read More

Live Nation financials: ‘We are seeing fan spending as strong as ever’

Live Nation announced its latest quarterly financials yesterday, with Q3 revenues of $3.77bn actually down 2% year-on-year – although the company preferred to stress that over the first nine months of the year, its revenues...
Read More

Live Nation hails ‘best quarter ever’ with 2018 on course to break records

In a big day for music-relevant financial results, Live Nation set new records with its Q3 numbers. “Live Nation had its best quarter ever, and we are on track to deliver another year of record results across revenue,...