Live Nation Reports 98% Drop in Second-Quarter Revenue — But Predicts 2021, 2022 ‘Will Be Record Years’

herePolice have this morning confirmed that a man, aged 35, was later arrested on suspicion of affray and taken to hospital where he remains in a serious but stable condition.  Photos and video from the scene showed police officers wearing body armour and carrying shields and items being thrown onto a road behind the cordon from a window.Ambulance crews and fire engines also attended and an air ambulance landed at a nearby car park.Officers were later seen going into the property with fire crews

Prince Harry and Meghan Markle have had a tumultuous year adjusting to life after their controversial royal exit, but they're doing better than ever now.In a new interview with OK! magazine, Omid Scobie, one of the authors of the new royal biography Finding Freedom: Harry, Meghan and the Making of a Modern Royal Family, explained how the couple worked together to make the life-changing decision. "I think once Meghan is committed to something, there is no turning back," Scobie explained.

Chris Willman Music WriterWhat if you set up for a big party and no one came? That was the idea — purposefully — at LA Live Wednesday evening, as “One Voice: A Day for Action in Los Angeles” had a coterie of organizations representing unemployed or furloughed live-events workers set up more than 50 banquet tables and almost that many klieg lights in the plaza outside the Microsoft Theater… for strictly sad, symbolic purposes.The empty tables and underutilized lights stood as a backdrop for a

Patrick Frater Asia Bureau ChiefChina’s leading online music firm Tencent Music Entertainment pointed to increased investment as the reason for a no better than flat performance in the first half of the year.Revenues for the April to June quarter were RMB6.93 billion ($981 million), an increase of 18% year-over-year, and up 14% to RMB13.2 billion for the first six months of the year.

Dade Hayes Finance EditorWhile the blows absorbed by mass-market U.S. exhibitors like AMC and Cinemark during COVID-19 have dominated the headlines, the damage appears to be even more severe on the specialty front.Reading International, a Culver City, CA-based arthouse and real estate firm, reported a 96% decline in second-quarter revenue on a 100% drop in U.S.

Also Read: 'Moana' Star Auli'i Cravalho Is All Grown Up in First Trailer for Netflix YA Drama 'All Together Now' (Video)“Today, we have more video game players playing for more hours, while spending more in the process; and what gamers old and new are discovering is an industry that has a wide array of experiences available to them regardless of device and budget,” NPD Group analyst Mat Piscatella said in a statement Monday.

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 Monday reported second-quarter financials as the novel coronavirus pandemic delayed events in its sports operations.

Spanish-language media giant Univision Communications, which earlier this year agreed to sell a majority stake to an investor group led by former Viacom CFO Wade Davis, reported lower second-quarter financials amid the novel coronavirus pandemic.

coronavirus pandemic has forced festivals around the world to cancel their 2020 editions, with fears over their futures if they can’t safely return in 2021.Writing in a memo shared with the promotion company’s investors, Michael Rapino said there were positive signs for next year’s summer events already. “Importantly, we remain confident that fans will return to live events when it is safe to do so,” he wrote.

Michael Rapino calls the stat “our strongest indicator of demand” — while other promoters, including AEG, have reported similar numbers for its tours. But what does the number 86% number really tell us? What data is included in the calculation, and what is being left out? Below, Billboard attempts to answer some of the questions posed to our touring desk about this oft-cited stat.How is the 86% number calculated?It’s a fairly straightforward equation.

via Yahoo! Finance expected the company’s loss per share to slightly better at $4.29Revenue in the second quarter was just $19 million, down roughly 99% from the $1.5 billion in revenue AMC reported last year.

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

Jill Goldsmith Co-Business EditorLet’s get this over with. Live Nation, which makes a living on live events, saw revenue plunge 98% last quarter to $74 million and swung to a loss of $588 million from a profit of $176 million the year before.

Hobbled by the lack of live concerts due to the pandemic, Live Nation on Wednesday reported an operating loss of $588.1 million for its second quarter.Revenue for the three months ending June 30 totaled just $74.1 million, a 97% drop from the $3.2 billion in revenue the company recorded during the same quarter last year.Concert revenue was down 95% year-over-year, coming in at $141.8 million, compared to $2.6 billion last year.

The coronavirus pandemic has shut down concerts across the world, amounting to hundreds of millions of dollars in losses for promoter Live Nation last quarter. The touring giant posted an adjusted operating loss of $431.9 million on net revenue of $74.1 million in the second quarter of 2020 -- the first full reporting period of the pandemic. The concerts division’s $141.8

Wayne Connolly, the celebrated Australian producer, engineer and artist who has collected eight ARIA Awards -- and counting -- for his work, has launched his first label, Scenic Drive.

Live Nation has secured financial breathing room by securing favorable changes to its debt covenants ahead of its second-quarter earnings release on Aug. 5.

Cable operator Charter Communications, in which John Malone's Liberty Broadband owns a big stake, on Friday reported that it grew its pay TV subscribers in the second quarter when including customers on special COVID-19 offers and that its broadband user growth accelerated amid the coronavirus pandemic. It also more broadband users than in the year-ago period during what was the first quarter to be fully affected by the novel coronavirus pandemic.