Sign up for email updates from Live Nation. See Show Calendar . Live Nation, which includes the ticket retailer Ticketmaster, reported its fourth-quarter earnings on Thursday (Feb. 23), showing its total 2022 revenue reached a record $16.7 billion, according toBillboard. . Ticketmaster also does not embrace deceptive and questionable secondary ticketing practices prevalent on rival sites such as speculative ticketing. Cash from shows that played off (841) Estimated refunds from Live Nation cash (174) Other / Net. Fans generally represent the number of people who attend an event. Live Nation Entertainment, Inc. Ticketmaster which controls 70% of the market for ticketing and live events according to CNBC canceled its so-called public sale of . Get this delivered to your inbox, and more info about our products and services. This story has been shared 106,884 times. We will always be on the side of the artist, who are the best advocates for their careers and their fan base.. Representatives from Live Nation did not immediately respond to CNBC's request for comment. Ticketmaster learned "valuable lessons" when the Taylor Swift concert tickets sale last year was disrupted by record bot traffic, the parent company will tell a U.S. Senate committee on Tuesday. Sign up for email updates from Live Nation. The company that owns Ticketmaster is backing reforms to the ticket process, after facing intense backlash following a chaotic 2022 Taylor Swift concert sale. By continuing past this page, you agree to our terms of use. $20 Tickets Available To General Public Starting Next Wednesday, July 28th at 12pm ET / 9am PT at LiveNation.com. Regarding ticketing reforms and clearly referencing the debacle surrounding the Taylor Swift Eras tour on-sale, which left many fans waiting online for hours without receiving tickets, as well as the still-booming secondary market he continued, We believe that greater transparency on the entire ticketing ecosystem will improve the industry, and we have been engaging with policymakers to advocate for reforms. "They're hiking up ticket prices, charging rip-off junk fees, and exploiting artists, independent venues, and fans. "Consumers deserve better than this anti-hero behavior.". Then click "See Details" to get to the "Event Details" page. Ticketmaster has a significant share of the primary ticketing services market because of the large gap that exists between the quality of the Ticketmaster system and the next best primary ticketing system. PRESALES: Citi is the official card of P!NK's Summer Carnival 2023 Stadium Tour. Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: Increase in prepaid expenses and other assets, Increase in accounts payable, accrued expenses and other liabilities, Investments made in nonconsolidated affiliates, Purchases of property, plant and equipment, Cash paid for acquisitions, net of cash acquired, Proceeds from sale of investments in nonconsolidated affiliates, Proceeds from long-term debt, net of debt issuance costs, Contributions from noncontrolling interests, Purchases and sales of noncontrolling interests, net, Proceeds from sale of common stock, net of issuance costs, Taxes paid for net share settlement of equity awards, Payments for deferred and contingent consideration, Effect of exchange rate changes on cash, cash equivalents and restricted cash, Net increase in cash, cash equivalents, and restricted cash, Cash, cash equivalents and restricted cash at beginning of period, Cash, cash equivalents and restricted cash at end of period, Investor Contact: Amy Yong, [emailprotected], (310) 867-7143; Media Contact: Kaitlyn Henrich, [emailprotected]. President and Chief Executive Officer The consistent theme is that fans are eager to enhance their experience, as we continue elevating our hospitality operations and provide more premium options. If you need further assistance, we'll transfer you to an agent. We may earn a commission from links on this page. The week-long program celebrates one of the biggest and most exciting years for live music and marks the kick-off to an epic summer concert season. Theyre absolutely making an effort to expand representation, said Etheridge, who added that shes wanted to play Stagecoach for years. Indeed, that's a 166-percent increase almostthree-fold over 2021 revenue of $6.27 billion (Variety). Live Nation posted robust results in an earnings report encompassing the full 2022 year and its fourth quarter released Thursday, and looks ahead to a blockbuster 2023 amid ongoing government attention to its Ticketmaster division after the debacle surrounding last falls on-sale for Taylor Swifts stadium tour. See Show Calendar . Service 41. If you cannot attend an event after purchasing tickets, contact Live Nation. The Great Minnesota Get-Together. Zip Code. Data is a real-time snapshot *Data is delayed at least 15 minutes. that demand for ticket sales will follow as more concerts are announced . If you arent sure what event you want to attend or want to research events happening at your upcoming vacation destination, you can research events through livenation.com. The firm said today the coronavirus is having less of an impact on planned events, noting that it only canceled about 1% of planned concerts in March. We need the entire industry and policymakers to stand up for fans and artists.. 15% OFF. 2023 Minnesota State Fair Dates: Aug. 24 to Labor Day, Sept. 4 The division added seven million net new tickets in the quarter. This only works if all ticketing marketplaces adopt together, so that consumers truly can accurately compare as they shop for tickets. As part of Live Nations quarterly earnings report on Thursday, the company also announced its support for what its calling a FAIR Ticketing Act. In a separate blogpost, the entertainment goliath outlined a set of proposed legislative reforms. Ticket sales giant, Ticketmaster recorded its second highest gross transaction volume in its history with an estimated 111,292 in the three months ended March 31. $20 All-In Tickets Live Nation: Return to Live This includes primary tickets sold during the year regardless of event timing, except for our own events where our concert promoters control ticketing which are reported when the events occur. Explore Thomas Rhett tour schedules, latest setlist, videos, and more on livenation.com Sign up for free newsletters and get more CNBC delivered to your inbox. 2023 Variety Media, LLC. The market is increasingly competitive nonetheless, with rivals making aggressive offers to venues. Last year, a group of U.S. concertgoers sued Live Nation Entertainment the corporation envelopingboth companies for allegedly violating antitrust laws and using what they called "predatory" selling. 75 Coxe Avenue. Capital One Arena, Washington, Washington, D.C. Powered by.css-vhifsz{margin-bottom:-2px;margin-left:5px;}. Its really difficult for me to trust an outside entity with these relationships and loyalties, and excruciating for me to just watch mistakes happen with no recourse, Swift wrote. Whatever your interests are, your tickets are easy to buy online with livenation.com. That dynamic has not changed. Early figurespointed to the huge jump. Ticketmaster has a significant share of the primary ticketing services market because of the large gap that exists between the quality of the Ticketmaster system and the next best primary ticketing system. Zip Code. Supplemental statistical and financial information to be provided on the call, if any, will be posted to the Financial Info section of the website. Looking ahead, Live Nation said it expects a strong year as over 70 million tickets have now been sold for shows in 2022, which accounts for a 36% jump over the same period in 2019. For additional information, visit investors.livenationentertainment.com. Since Ticketmaster is part of Live Nation Entertainment, you'll go to the Ticketmaster website to complete your purchase. 10. For full year 2022, Live Nation . BEVERLY HILLS, Calif., July 22, 2021 /PRNewswire/ Today Live Nation announced it is celebrating the Return to Live concerts this summer by offering fans $20 all-in tickets to nearly 1,000 shows this year. On the "My Events" page, choose the order you need help with. Available Now through August 1 on participating shows. Findthe corporation's 2022 FEC filing here. Gizmodo reached out to Live Nation to learn more about what internal steps the company might take to address these concerns, but didnt hear back as of publishing this. Number of shows for 2022 not representative of 2023 season. Starting July 26 and running through August 9, you can purchase four tickets for the $80 flat fee on Live Nation's site, and you don't need a special promo code to take part in the week-long . His Love On Tour shows were postponed due to the pandemic and finally started in September 2021 in Las Vegas. Summer meets music with your 2023 Lawn Pass. Accounts receivable, less allowance of $63,761 and $50,491, respectively, Current portion of operating lease liabilities, (in thousands except share and per share data), Selling, general and administrative expenses, Equity in losses (earnings) of nonconsolidated affiliates, Gain from sale of investments in nonconsolidated affiliates, Net income attributable to noncontrolling interests, Net income (loss) attributable to common stockholders of Live Nation, Basic net income (loss) per common share available to common stockholders of Live Nation, Diluted net income (loss) per common share available to common stockholders of Live Nation. Activists and lawmakers are renewing calls to split Ticketmaster and Live Nation after a fiasco over ticket sales for the pop superstar's upcoming "Eras" tour, which is slated to kick off in March. Ticketmaster said that over 2 million tickets were sold in a single day for Swift's tour, and "90% fewer tickets are currently posted for resale on secondary markets than a typical on sale." Beyond these specific leading indicators, going into 2023, we expect we will drive growth in our concert business by adding more venues to our operated portfolio, continue increasing ancillary per fan revenue and further our efforts to deliver market value for the show to artists. $ 2,018.3. 2023 Variety Media, LLC. Enter Keyword. These include giving performers the ability to decide their own ticket resale rules, outlawing the sale of speculative tickets (i.e. Do they really need to be taking as much as 20% of artists' merchandise sales? Yes, I want to receive email updates . Live Nation today announced the return of Concert Week, offering fans access to $25 all-in tickets to more than 3,700 shows across North America this year. MEDIA CONTACTS: Live Nation Concerts, Monique Sowinski, [emailprotected]. Ticketmaster has long faced criticism and scrutiny of its business practices and the fees added on to each transaction. The company will webcast a teleconference today at 2:00 p.m. Pacific Time to discuss its financial performance, operational matters and potentially other material developments. As a result, we generated over $5 billion of revenue and $281 million of AOI for the quarter, up 67% and 44% respectively, relative to Q3 2019. For the past 12 years Live Nation has operated under a Consent Decree that among other things seeks to prevent anticompetitive leveraging of Live Nation promoted content to advantage Ticketmaster. 29. Swift fans can't 'Shake It Off' as some tour tickets soar to more than $22,000. We calculate currency impacts as the difference between current period activity translated using the current periods currency exchange rates and the comparable prior periods currency exchange rates. Participating artists include some of todays biggest acts across genres including Country, Hip-Hop, Latin, Metal, Pop, Rock, and more. Finally on Ticketmaster, a point on some recent press regarding ticketing fees. Ticketmaster was supposed to open up sales for 1.5 million verified Taylor Swift fans last month ahead of general public ticket sales. 01 March 2023 - 11:54. Live Nation Premium Tickets; Live Nation Productions; Veeps; Company. Search for Events by Keyword. Amortization of non-recoupable ticketing contract, The company currently expects capital expenditures for the full year to be approximately. Number of shows for 2022 not representative of 2023 season. 474. Fan demand for live events was also clear in our ticketing business, as we transacted $6.7 billion of fee-generating GTV on 71 million tickets, up 69% and 42% respectively, relative to Q3 2019. For a limited time only next week, fans will have access to exclusive $20 tickets to participating Live Nation shows, including taxes and fees. 27. On Sale In -- -- -- . The concert promotion business is highly competitive, with artist management in control of selecting their promoting team. Moving on to the earnings report, Live Nation's year-end results for 2022 were formidable, with revenue up 44% to $16.7 billion over 2019, operating income up 125% to $732 million and adjusted . High demand has goosed sponsorship sales, which are up double-digits compared to this point in 2019. Overall, quarterly revenue at Live Nation, which runs music festivals like Lollapalooza and Governors Ball, jumped to $1.8 billion, up from $290 million in the year-earlier quarter. Do they really need to be taking as much as 20 % artists. Terms of use this page after purchasing tickets, contact Live Nation to! Presales: Citi is the official card of P! NK & # x27 ; merchandise?. 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