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.
Live Nation Announces Details of Concert-Ticket Refund Program
18.04.2020 - 00:59 / variety.com
By Jem Aswad
Senior Music Editor
On the heels of a similar program announced Thursday by AEG Presents, Live Nation — the world’s largest live-entertainment company — announced on Friday that it is preparing to roll out its full ticket-refund program for fans with tickets to shows cancelled or rescheduled due to the coronavirus pandemic, probably before the end of the day.
The program gives fans the option of receiving either a full refund (for which they must apply within 30 days of a show
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billboard.com
07.05.2020 / 01:13
Five Things to Look for in Live Nation’s Q1 Earnings Report
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.
billboard.com
29.04.2020 / 03:19
Michael Rapino Details Live Nation Refund Plan in Staff Memo
Live Nation chief executive Michael Rapino emailed his staff Tuesday detailing plans for issuing refunds to ticket buyers, including news the company was expanding its refund offer to fans who bought tickets for events that have not yet been rescheduled.
billboard.com
28.04.2020 / 21:09
AEG, Live Nation, Broadway, More Sign Letter Requesting Federal Aid For Concerts and Events
A coalition of the top concert promoters, venue managers and show producers have joined forces to request federal aid for the live entertainment industry as it faces an existential crisis from the COVID-19 pandemic.Billboard obtained a copy of the memo, which calls on Congress to expand the Paycheck Protection Act to entertainment companies with 500 or fewer employees, as well as an expansion of loans to mid-sized businesses under the CARES Act and the Federal Reserve’s Main Street Lending
billboard.com
28.04.2020 / 04:07
What Does Live Nation Stock Purchase Say About Saudis' Approach to Entertainment?
Saudi Arabian Public Investment Fund (PIF)'s $500 million purchase of a 5.7% stake in Live Nation on the open market Monday (April 27) could indicate a more passive play for the entertainment business since the country has been largely shunned over the murder of journalist Jamal Khashoggi at the Saudi consulate in Istanbul last October.The gruesome murder was allegedly ordered by Saudi prince Mohammed bin Salman, according to reports by U.S.
billboard.com
27.04.2020 / 18:29
Saudi Arabia Purchases $500 Million Stake in Live Nation
The government of Saudi Arabia's sovereign wealth fund has acquired a 5.7 percent stake in Live Nation, the parent company of Ticketmaster.The Saudi Public Investment Fund disclosed the stake, comprising 12,337,569, shares in a filing with the Securities and Exchange Commission on Monday morning.Based on Live Nation’s share prices as of this writing, the investment is valued at just shy of $500 million.
variety.com
27.04.2020 / 18:21
Saudi Arabia’s Public Investment Fund Acquires $500 Million Stake in Live Nation
The Public Investment Fund, Saudi Arabia’s sovereign-wealth fund, recently purchased a large stake in Live Nation Entertainment, the world’s largest live-entertainment company, according to SEC filings released Monday.
deadline.com
27.04.2020 / 17:59
Saudia Arabia Investment Fund Takes A 5.7% Stake In Live Nation
By Jill Goldsmith
variety.com
27.04.2020 / 16:57
Music Biz Hosts Webinar on Live Music Industry in the Age of Coronavirus
By Jem Aswad
nme.com
26.04.2020 / 14:17
Live Nation change their refund plan to include postponed shows awaiting new dates
The promotion giant previously said that refunds wouldn't be available until a new date was announced for postponed gigs
variety.com
25.04.2020 / 00:47
Live Nation Launches Ticket-Refund Site for Cancelled and Postponed Concerts
By Jem Aswad
billboard.com
25.04.2020 / 00:31
Live Nation Details Ticket Refund Plan for Canceled, Rescheduled Shows
Fans who purchased tickets to a canceled Live Nation show at one of the company's venues will have a chance to get a full refund or accept a 150% credit toward a new ticket for a future date and part of a newly-announced ticket relief program.
hollywoodreporter.com
23.04.2020 / 18:11
Liberty Media Moves Live Nation Stake From Formula One to SiriusXM
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.
billboard.com
22.04.2020 / 01:39
Live Nation Sued Over Coronavirus Refunds
While baseball fans nationwide are dismayed about missing opening day and wondering whether this season will happen, the league and major ticket sales sites are facing a multimillion-dollar class action lawsuit from fans who want their tickets refunded."While many businesses across this country have acted lawfully and ethically by providing consumers with refunds for events that will never occur during this pandemic, sometimes at the risk of bankruptcy, it remains notable that America’s pastime
