Live Nation Revenue Down 98% Due to Pandemic Shut Downs

As some showrunners continue to grapple with the decision to write the coronavirus pandemic into their series, Joanna Johnson took a different approach: writing a new series about the pandemic. Freeform's Love in the Time of Corona is a four-episode miniseries about the struggles of connecting with other people in a time where safety mandates six feet of separation.

Dominic Patten Senior Editor, Legal & TV CriticEXCLUSIVE: Judge Judy is still on the air, but today the long-running successful syndicated series launched a new spinoff – in court.Just over two weeks after Rebel Entertainment Partners filed a $5 million breach of contract complaint against former Manhattan family court judge Judy Sheindlin and a collection of CBS entities, the small screen judicial heavyweight has instigated a big bucks counteroffensive.That salvo is a more than $22 million

Dani Dyer has showcased her blossoming baby bump in a gorgeous pink dress.The former Love Island star, who announced she's expecting her first child with boyfriend Sammy Kimmence at the end of July, took to her Instagram feed to post a show-stopping seflie of herself posing in front of a mirror.The 24 year old donned a stunning baby pink short-sleeved midi ribbed dress with a knee-high split on one side and a matching belt around her waist, highlighting her growing bump.The star teamed the look

Manchester and the nation observes Victory over Japan Day today - 75 years on from what was, for many, the end of the Second World War.The Prince of Wales, accompanied by the Duchess of Cornwall, will lead a televised two-minute silence at the National Memorial Arboretum in Staffordshire at 11am.Following the silence, there will be a fly-past from the Battle of Britain Memorial Flight, observed by a number of veterans.The Covid-19 pandemic means tributes and events are being organised online -

Gal Gadot and Zachary Levi, along with Dwayne Johnson, Margot Robbie and Ezra Miller, took part in the new #DCSuitUp Challenge on TikTok in support of the upcoming DC FanDome virtual event. The actors, who all portray superheroes in DC Comics films, made videos of themselves in their regular clothes, pointing to a graphic that read, «DC Fans, you've got the power! It's time to suit up! #DCSuitUp.»The actors then cover the camera with their hands to reveal fans dressed as their DC characters.

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.

“La La Land” director Damien Chazelle has released a short film titled “The Stunt Double”, shot entirely in vertical display on an iPhone 11 Pro.

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.

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.

Chris Willman Music WriterA second-quarter earnings call with Live Nation execs Wednesday was full of hope, promise and even swagger… for 2021-22.

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.

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.