Through mid-February, 2025 stadium shows are up 60% from the prior-year period and 65 million tickets have been sold for Live Nation concerts, a double-digit annual increase.
The company says a new program designed to replace the pass will be announced later this year.
The National Independent Talent Organization is asking the agency to expand its ruling, saying it does “nothing to reduce the junk fees buried inside each concert ticket."
The Liberty board member and longtime media and entertainment executive will lead a company that owns a 30% stake in Live Nation.
Also: Live Nation acquires a majority stake in Portugal's MEO Arena, Oasis finds a tour merch partner in WMX and more.
This year, Live Nation has seen a marked increase in revenue from VIP experiences — and the strategy is catching on in other areas of the business as well.
The Kingdom’s sovereign wealth fund took a 5.7% stake in the concert promoter in April 2020.
The possibility of less regulation and pro-market policies led to record highs for the Dow, S&P 500 and Nasdaq composite indexes.
Political winds in the live space haven’t impacted expenditures by Phil Anschutz, Michael Rapino and more, as spending was mostly flat with 2020.
The touring giant said Michael Rapino had no business being deposed over the deadly crowd crush. But victims' lawyers argued that he was directly involved in key decisions.
