Live Nation shows why concert tickets aren't going down anytime soon
Publishing timestamp: 2023-02-24 09:18:51
Summary
Live Nation reported astonishing numbers with fourth quarter revenues at $4.29 billion and full-year revenues up 44%. Attendance in 2022 was up 24%. Ticket prices for artists like Bruce Springsteen, Beyonce, and Taylor Swift are well north of $1000 and Live Nation addressed the problem of high ticket prices by advocating for reforms. The article discusses the issue of scalpers and the idea of allowing the marketplace to function based on supply and demand.
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Keywords: markets, investment strategy, business news, bruce springsteen, taylor swift, live nation entertainment inc,