Live Nation posts 73% jump in revenue and record attendance despite controversies | CNN Business

Live Nation posted a record $3.1 billion in revenue – up 73% from last year – in the first quarter of 2023, despite possible regulation and tremendous fallout from botched Ticketmaster sales for the Taylor Swift Eras tour

. In an earnings release, the ticket-industry giant said over 19 million people attended events across 45 countries in the first quarter. Many venues and markets opened fully for the first time since the global pandemic began in 2020. But the success comes at a time a handful of bills are wending their way through Congress that target the company’s controversial and widely criticized ticketing practices and near-monopoly in the business.

“Through all of the noise, most people are ending up in the industry and politics at exactly where we are and the principles of what the FAIR Act is,” Rapino said. Rapino also said some of the legislation “swirling around” should help rein in scalpers, which the company blamed for crashing the site during Taylor Swift. “The common theme in all of this legislation that you’re seeing come forward is around limiting and putting some handcuffs around the scalper and the business,” Rapino said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNN /  🏆 4. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Prom 2023: Paulsboro High School (73 photos)Subscribers get free photo downloads. Find all our prom coverage at nj.com/prom.
Read more »

Live Nation stock rallies 7% after narrower loss, company cites ‘incredible’ demand for live concertsShares of Live Nation Entertainment Inc. jumped nearly 7% in the extended session Thursday after the company reported a narrower-than-expected adjusted loss...
Read more »

Central Dauphin 2023 prom red carpet: Here’s how to watch PennLive’s live streamGet a live look at the stylish outfits students chose this year as they make their way down the prom red carpet.
Read more »

2023 MTV Movie & TV Awards Will Not Be Held LiveThe awards ceremony will still be aired Sunday at 8 p.m. ET on MTV.
Read more »

Watch the Central Dauphin 2023 prom red carpet live stream recap: videoIn case you missed it, get a chance to rewatch PennLive's live stream from Friday night of the 2023 CD prom red carpet.
Read more »