UPDATED, with Live Nation response: A Senate subcommittee has subpoenaed Live Nation/Ticketmaster, demanding documents as part of an investigation into exorbitant ticket prices for Taylor Swift, Bruce Springsteen and other concerts.
02.11.2023 - 20:51 / variety.com
Steven J. Horowitz Senior Music Writer In the wake of massive summer tours from Taylor Swift and Beyoncé, Live Nation has announced yet another record-breaking quarter in Q3 of 2023, with revenue up 32% to $8.2 billion and up 36% to $16.9 billion so far this year.
As fans continue to shell out big bucks for stadium and arena spectaculars (sometimes paying thousands of dollars for a single seat on the secondary market), Live Nation shows have sold 140 million tickets so far this year — up 17% year-over year — and have already blown past the 2022 full-year total of 121 million. Ticketmaster also broke a record, with 257 million fee-bearing tickets sold so far this year and projections to manage over 600 million tickets by year’s end.
“Today we delivered our strongest quarter ever and are on pace for a record 2023, driven in good part by the acceleration of structural growth in the live entertainment industry,” CEO Michael Rapino said in the official announcement. “While we have benefitted from tailwinds for many years, it has accelerated due to the globalization of our business along with a fundamental shift in consumer spending habits toward experiences.
With the majority of opportunity still untapped from Milan to Bogotá to Tokyo and beyond, we expect the industry will continue growing in 2024 and for years to come.” Live Nation no doubt got some help from Swift and Beyoncé, whose respective must-see tours this year were earnings gold. Swift’s Eras Tour, which just added some dates in Canada, is estimated to become the first tour in the history of the business to gross a billion dollars.
UPDATED, with Live Nation response: A Senate subcommittee has subpoenaed Live Nation/Ticketmaster, demanding documents as part of an investigation into exorbitant ticket prices for Taylor Swift, Bruce Springsteen and other concerts.
Costa Coffee has confirmed a fan favourite drink has been discontinued across all of its stores. One Costa fan asked on X, formerly known as Twitter, why the Ice Whipped Latte was served in some stores but not others.The tasty drink, consisting of whipped coffee, milk or plant-based milk and vanilla, salted caramel or chocolate-flavour sauce, arrived on the Costa menu summer in May. The customer asked: "Why do some of your stores still do the ice whipped latte and some don’t?" The coffee shop chain responded by telling the X user that it had in fact discontinued the drink altogether.
The annual trip to Blackpool's Tower Ballroom is one of the most anticipated traditions for Strictly Come Dancing viewers. Blackpool Week usually takes place during the second half of the competition, showcasing the strongest contestants still left with a chance of lifting the Glitterball trophy.
OK! has put together a comprehensive guide to the shopping event with answers to common questions like when is Black Friday 2023? Whether they’re for walking the dog, days out in the country, or just for dodging puddles on your way to work, a good pair of wellies is an absolute essential when it comes to this time of year. With winter rapidly approaching and Black Friday on the horizon, now is the perfect time to add your wellies to your winter wardrobe, especially when they’re already reduced in a pre-Black Friday sale.
Everett Lynch (Blake Berris) things are now getting messy.The latest “Days of Our Lives” speculation claims that Chad DiMera may be headed toward a messy split with Stephanie Johnson. The couple, who have proven to be a good match in the eyes of many fans, could be done. Spoilers suggest that Chad may find Stephanie in the bed of her ex-boyfriend, Everett Lynch.It’s no secret that Stephanie’s been looking for more commitment from Chad.
EXCLUSIVE: Futureverse, an artificial intelligence and metaverse technology and content company, has signed with Creative Artists Agency.
Caroline Brew editor SFO Entertainment has slated releases for feature documentaries “Feeding Tomorrow” and “Killing Me Softly With His Songs” with Gravitas Ventures. These releases mark the inception of documentaries, docuseries and scripted projects under the banner of SFO Entertainment, aligned with its mission to create entertainment that inspires passion for social issues. “We believe in shedding light on critical issues that impact our world, and we are committed to making a positive impact through the power of cinema,” SFO Entertainment founder Jon Sheinberg said in a statement, adding that this partnership will “help spread the light far and wide.” Focused on the global issue of food scarcity and sustainable agriculture, “Feeding Tomorrow” explores solutions to feed the growing population and create a more sustainable future.
Media, entertainment and tech companies held their own in the top 25 ranking of overpaid CEOs in 2022 by nonprofit As You Sow. Live Nation’s Michael Rapino ($139 million pay package) topped the list, which also included Netflix, Paramount Global and Warner Bros Discovery, as well as Charter, Apple and Alphabet.
William Earl City National Bank has shuffled its top leadership team, recruiting banking veteran Howard Hammond as CEO while Kelly Coffey shifts to a new role as CEO of City National Entertainment. The transition, effective Nov. 27, was prompted in part by City National’s desire to focus more deeply on its entertainment client base across TV, film, music, theater, touring and related sectors.
Brian Steinberg Senior TV Editor Before CNN, CBS News or ABC News can snare one of the series of Republican primary debates taking place in the run-up to the 2024 presidential election, another news outlet will have its turn. NewsNation, the upstart cable-news property launched by Nexstar Media in March of 2021, will team up with SiriusXM Radio and the conservative political outlet Washington Free Beacon on December 6 to broadcast the event, the fourth backed by the Republican National Committee following debates telecast by Fox News Media networks and NBC News.
William Earl Netflix film chief Scott Stuber once ran Universal Studios – today he sometimes feels like the operator of “the AMC 6000” given the volume of movies that Netflix produces and acquires. From Greta Gerwig’s plans for Narnia adaptations to wooing Denzel Washington and Steven Spielberg, Stuber shared Netflix’s vision of film’s future in a wide-ranging Q&A with Variety executive editor Brent Lang that was held Nov. 8 as part of Variety’s Business Managers Elite Breakfast presented by City National Bank.
NatWest customers are being warned not to ‘take the bait’ and click on links in emails that ask them to verify or update their account details as they are phishing scams sent by criminals trying to steal personal and financial information. Action Fraud recently raised the alarm on X (formerly twitter) after it received 1,478 reports of fake emails purporting to be from NatWest in just two weeks.
Dentists usually agree that using an electric toothbrush is better for your teeth than a manual one – but today's latest models can be expensive. Luckily, though, we've found an incredible deal – just in time for Christmas. They may not make the most glamorous Christmas gift but if you know someone who has one on their wish list and you've been waiting for Black Friday in the hope of snapping up a super saving, you don't have to wait until 24 November to bag a bargain.
Days of Our Lives has set up some shocking plot twists in the past. However, there is speculation that they might be ready to rewrite history with a stunning new storyline that would surely anger many viewers.Recently, “Days of Our Lives” rapidly aged Nicole Walker’s daughter, Holly Jonas. The character is now a sassy teenager with a crush on Johnny DiMera and a knack for finding trouble.
Is the Bravo fandom world turning on Teresa Giudice?!
Tim Chan If you purchase an independently reviewed product or service through a link on our website, Variety may receive an affiliate commission. The last marquee thoroughbred racing event of the year is upon us with the 2023 Breeders’ Cup. The event takes place Friday, Nov.
EXCLUSIVE: As the FilmNation Entertainment team gathered in Santa Monica this week for AFM, some reflection is in order. It has been 15 years since Glen Basner peeled off from Good Machine to start the venture. Despite the hardships facing everyone in the market with strikes and uncertainty, what a different a decade and a half makes. The launch happened in 2008, not the most fortuitous time to launch an indie film finance and production company with global ambitions.
An Ayrshire venue has bagged a coveted award this week.
Brent Lang Executive Editor FilmNation Entertainment has acquired worldwide rights to Sean Baker’s new romantic dramedy film “Anora.” Following the acquisition, FilmNation sold rights internationally to Le Pacte in France, Lev in Israel, Kismet in Australia and New Zealand and Focus Features and Universal Pictures International in the rest of the world, excluding North America. The film was written and directed by Baker, who is best known for directing “Tangerine” and “The Florida Project.” It shot on location at the beginning of the year in Brooklyn and stars Mikey Madison, who appeared as Manson Family follower Susan “Sadie” Atkins in “Once Upon a Time in Hollywood.” Plot details are being kept under wraps.
Patrick Frater Asia Bureau Chief Toei Animation, the Japanese studio behind “Dragon Ball,” “Slam Dunk” and the “One Piece” cartoon franchises, is planning to open a European office in Italy. That may be followed by others in Latin America and India as well as a ramp up of its international production. The group already has a handful of overseas regional offices covering Asia, the Americas and Australasia, and Europe-Middle East and Africa (EMEA).