Explore stories from Atlantic Canada.
- Ticketmaster parent Live Nation Entertainment beat market estimates for third-quarter revenue on Thursday benefiting from high ticket prices and surging concert demand.Heavy demand for music concerts from popular figures like Taylor Swift and Beyonce has driven up the prices of tickets, benefiting concert promoters.
The announcement of long-awaited tours from musical artists like Bad Bunny and U2 shows signs of a healthy outlook for the company. The company's revenue rose 32% to $8.15 billion in the quarter ended Sept. 30, compared with analysts' estimates of $6.99 billion, according to LSEG data. Total estimated events rose 7.6% year-over-year to 12,090 while total estimated fans stood at 52.3 million compared with 37.1 million the previous quarter.The company's concert business, which consists of merchandise sales and the production of live music events, brought in revenue of $6.97 billion – making up the bulk of its overall revenue, followed by $832.6 million from ticketing.Live Nation was reportedly subject to a probe by the U.S.
The company reported a profit per share of $1.78 for the July to September period, compared with $1.39 per share a year ago.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Justice department probes Live Nation's agreements with venues, artists -WSJEnforcers in recent weeks sent document retention letters to talent agencies whose touring divisions arrange contracts between artists and promoters like...
Read more »
US Justice department probes Live Nation's agreements with venues, artists -WSJExplore stories from Atlantic Canada.
Read more »
Taylor Swift coming to Vancouver’s BC Place in 2024According to Ticketmaster, the next sale on tickets will be on Thursday, Nov. 9 at 11 a.m.
Read more »
2 public health units in Peterborough and area to explore voluntary mergerPeterborough Public Health and the Haliburton Kawartha PIne Ridge District Health Unit will explore the possible impacts a voluntary merger would have on their communities.
Read more »
Calgarians invited to explore Mexican ‘Day of the Dead’ traditionsHalloween may be over, but this week brings another celebration for a lot of Calgarians.
Read more »
Global leaders explore how to manage AI’s risks at summit | Watch News Videos OnlineArtificial intelligence is developing faster than governments can keep up, so global leaders are gathering in England for a summit on the rapidly-advancing technology. Crystal Goomansingh looks at what the goals of the meeting are, and why at least one AI expert believes China's involvement is critical.
Read more »