Movies, Breaking News: Business, Retail İndustry, Entertainment, Live Nation Entertainment Inc

Movies, Breaking News: Business

A 'roaring era' for concerts and live events is coming, says Live Nation CEO

A 'roaring era' for concerts and live events is coming, says Live Nation CEO

8/4/2021 2:13:00 AM

A 'roaring era' for concerts and live events is coming, says Live Nation CEO

Live Nation's Ticketmaster just had one of its best months ever in North America, a sign that audiences are ready to venture outside the home.

CEO Michael Rapino said 2022 and 2023 will be a "roaring era" for concerts and other live events.An illustration of a Live Nation Entertainment logo is seen on a smartphone and a pc screen.SOPA Images | Getty ImagesLive Nation'sTicketmaster just had one of its best months ever in North America, a sign that audiences are ready to venture outside the home for events even with the new Covid delta variant surging.

2 pilots injured after a military aircraft crashes in Lake Worth, Texas Blackpink’s Rosé Wore Saint Laurent For Her Met Gala Debut Military training jet crashes in Texas, injuring both pilots

On Tuesday, the world's largest live-entertainment company reported second-quarter earnings that saw revenue climb to $575.9 million, up 677% from the same period last year when large gatherings were limited due to the rampant spread of coronavirus.

Live Nation's net loss narrowed to $195.7 million from $587.5 million in the year-ago period."The momentum for the return to live events has been building every month, with ticket sales and concert attendance pacing faster than expected, underscoring the strength and resiliency of the concert business and live events in general," CEO Michael Rapino said during the company's earnings call Tuesday.

The company said that most of its festivals have sold out quickly and average ticket prices are up 10% from 2019 levels.For Ticketmaster, which is wholly owned by Live Nation, June represented its fourth-best month in history in terms of ticket volume. The company said this was driven, in part, to a record number of U.S. concerts being available for purchase.

"We expect to have over 3 million fans attend our festivals during the second half of the year, with about two-thirds of our festivals increasing their attendance compared to 2019," Rapino said. "While still early, we have delivered a strong double digit increase in average per fan revenue and in on-site spending versus 2019 at our amphitheater shows over the past few weeks."

Rapino said 2022 and 2023 will be a "roaring era" for concerts and other live events.Ticket sales have driven the company's deferred revenue up to $2.1 billion, higher than the $1.6 billion Live Nation had at the end of the second quarter in 2019. This revenue is separated from the company's other earnings because it is advanced payments for events that have not happened yet.

Read more: CNBC »

Some Afghan girls return to school, others face anxious wait

Some Afghan girls returned to primary schools with gender-segregated classes on Saturday, but older girls faced an anxious wait with no clarity over if and when they would be able to resume their studies at the secondary school level.

I can’t wait My goal is to do some open-mics and small shows in 2022 and beyond. This year is not going to happen. hiphop rap rnb music philly philadelphia

Live Nation Posts Strong Quarter as Concert Business Cautiously Moves AheadLive Nation Entertainment, the world’s largest live-entertainment company, posted strong second-quarter earnings as the concert business cautiously moves ahead amid deep concerns over the spread of…

Infrastructure Bill To Fund 11,000-Mile-Long Detour Around Nation During ConstructionWASHINGTON—Following delicate bipartisan negotiations to update U.S. roads, highways, and bridges, the Senate moved forward Tuesday on a landmark infrastructure bill that would fund an 11,000-mile-long detour around the nation during construction. “It’s taken years, but we have finally reached a deal on a pair of… 😂 And a bridge to the moon, because that would be awesome. Omg, right tf on point! Especially the southern states, maybe a tour of the nicer parts of Seattle, but that’s it! Cleveland, OH authored the bill to do this. There is no highway or major road nit under construction right now!

After protests in South Africa, the nation wonders: What now?People across South Africa are surveying the damage caused by recent politically triggered riots; the city of Durban has estimated over $1B in damages and lost goods. There was a politically triggered 'riot' in South Africa & I'm just finding out now. Instead of focusing on the damage as usual, why not focus on understanding and repairing what lead to the riots in the first place. Fix the inequities. Get Zuma and his fans to pay for the damage. None of that damage was necessary. If Zuma cared about the people, no damage to their livelihoods would have occurred.

August heats up with new Fox Nation contentNew Fox Nation series and episode will spotlight a rage of topics, from conspiracy theories to blockbuster films.

Nation hits 70 percent vaccination goal amid surging Delta variantWhite House Covid-19 Data Director Cyrus Shahpar said on Twitter that at least 70 percent of adults have at least one shot. Too little too late Is Ron DeSantis still winning? finally some good news

COVID-19 live updates: Vaccinations up more than 200% in hardest hit states, White House saysThe United States is facing a COVID-19 surge this summer as the more contagious delta variant spreads. Thots and prayers. Shit! He is vaccinated. When did that happen? Good news