• Live Nation Is Stuck in a Pandemic. What Now?

    1 month ago - By Billboard

    This is what a pandemic looks like for promoter Live Nation: in the second quarter of 2020, a 97.7% year-over-year revenue decline, a 94.6% drop in concert revenue and a quick pivot to ramp-up online alternatives to its suddenly moribund core businesses.
    Of course, none of this was unexpected after the breadth of the coronavirus pandemic became apparent in April. To that point, Live Nation shares dropped just 2.35% on Thursday, the day after the company's second-quarter earnings release. In fact, the market had already baked into the share price the expected short-term struggles and a...
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  • Bryan Adams to Headline ‘Return to Live' Concert in Germany Next Month for 12,000 Fans

    Bryan Adams to Headline ‘Return to Live' Concert in Germany Next Month for 12,000 Fans

    1 month ago - By Billboard

    Live Nation says it will host the first large-scale live music event in Germany since the pandemic began, with a concert on Sept. 4 headlined by Bryan Adams at a soccer stadium in Düsseldorf before 12,000 fans.
    The promotion company is billing the outdoor concert at Merkur Spiel-Arena, which will feature four other artists including Sarah Conner, Rea Garvey, The BossHoss and Michael Mittermeier, as the “Return to Live” after a more than four-month shutdown of the live sector. But it will not be business as usual. Concertgoers will all be seated and socially distanced 1.5 meters apart...
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  • Live Nation CEO Remains Confident About Concerts Returning in 2021

    Live Nation CEO Remains Confident About Concerts Returning in 2021

    1 month ago - By Consequence of Sound

    Though other industry executives feel otherwise, Live Nation CEO Michael Rapino remains confident about live music returning to the US by Summer 2021. In a memo issued to investors this week, Rapino said he expects live events to “return to scale” in time for the summer concert season of 2021... Please click the link below to read the full article. Live Nation CEO Remains Confident About Concerts Returning in 2021
    Alex Young
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