nme.com
06.08.2020 / 14:23
Live Nation revenue down 98% due to coronavirus gig shutdown
coronavirus devastated the live music sector.According to financial results for the quarter ending June 30, 2020, the touring giant posted a net revenue of $74.1 million – which is 98% lower than the $3.16 billion a year earlier – and an adjusted operating loss of $431.9 million.The company also held just 24 concerts in North America, compared to 7,213 in last year’s second quarter.In Europe, there was a total of just 131 concerts, down from 3,309 last year, attended by 41,000 fans.Live Nation