By Jill Goldsmith
23.04.2020 - 18:11 / hollywoodreporter.com
John Malone's Liberty Media said Thursday it was re-attributing its 33 percent stake in Live Nation Entertainment, along with other assets, from its Formula One Group to its SiriusXM tracking stock. The changes bring the live event and music company stake under the umbrella of audio entertainment giant SiriusXM, while strengthening the liquidity of racing circuit Formula One.
By Jill Goldsmith
With a pandemic hanging over the touring industry, Live Nation's first quarter earnings released Thursday revealed the damage caused since concerts were widely suspended in mid-March: Compared to Q1 2019, concert revenue dropped 24.6% and ticketing revenue fell 15.8%.This year, Live Nation will host virtual concerts, is testing drive-in concerts -- these started popping up in parking lots as early as mid-June -- and will later give superstar artists multiple theater dates rather than a single
Concert promoter Live Nation has said they are planning to resume concerts at "full scale" in 2021, after the spread of coronavirus stopped live shows across the world.
"Our goal is really to be on sale in the third and fourth quarters for 2021 at full scale.”
Justin Bieber and Ariana Grande dropped their first song together amidst the lockdown. Stuck With U celebrates being stuck with a loved one and having to cancel all the plans and just spend quality time with them which is pretty much the situation right now in wake of the global Coronavirus spur. Recently, a fan came up with a special edition of Stuck With U with clips of several movies featuring Tom Holland while Justin Bieber shared the fan-made mash up on his social media handle.
Ariana Grande and Justin Bieber tapped celebrity pals including Kylie Jenner, Demi Lovato, and Gwyneth Paltrow for their new lockdown-themed music video.
Due to the global freeze on live music
Ariana Grande and Justin Bieber tapped celebrity pals including Kylie Jenner, Demi Lovato, and Gwyneth Paltrow for their new lockdown-themed music video.
The gig promoters are trying to find a way for live music to return amid the coronavirus pandemic
By Jem Aswad
Liberty Media, the company controlled by billionaire mogul John Malone that houses assets like audio entertainment giant SiriusXM, the Atlanta Braves baseball club and the Formula One racing circuit, on Thursday (May 7) reported stable first-quarter overall revenues, but a steep 84% revenue loss from its Formula One race car division. Liberty Media posted
Live Nation blockbuster $480 million purchase of a controlling interest in Mexican promoter OCESA Entretenimiento has been put on hold because of the COVID-19 crisis, Live Nation chief executive Michael Rapino announced Thursday (May 7) on its first quarter earnings call.
The sudden cancellation of concerts and events in the last few weeks of March meant a 21% decline in revenues for Live Nation and a $172 million loss for the quarter, nearly seven times what the company posted for the same period last year.
Liberty Media, the company controlled by billionaire mogul John Malone that houses assets like audio entertainment giant SiriusXM, the Atlanta Braves baseball club and the Formula One racing circuit, on Thursday reported stable first-quarter overall revenues, but a steep 84 percent revenue loss from its Formula One race car division.
Few earnings releases are as anticipated as Live Nation’s first quarter report coming Thursday -- that should provide a valuable snapshot of the live music business during an unprecedented economic slowdown.
At the start of the coronavirus outbreak Marks and Spencer launched a £35 box filled with essential groceries for customers struggling to secure an online shopping slot.