Find Events. Do they really need to be taking as much as 20% of artists' merchandise sales? It . Concerts drove 80% of the growth in primary GTV while concerts and sports together accounted for over 90% of our secondary GTV growth. For too long, Live Nation and Ticketmaster have wielded monopoly power anticompetitively, harming fans and artists alike, the Senators wrote in the February 23 letterthe second letter penned by Klobuchar regarding Ticketmaster in the past three months. Events generally represent a single performance by an artist. Furthermore, this measure may vary among other companies; thus, FCF as presented herein may not be comparable to similarly titled measures of other companies. In Live Nation's 2022 SEC filing, the corporation breaks down its yearly numbers, explaining, "Our concerts business generated $13.5 billion, or 80.9 percent, of our total revenue during 2022. Similarly, Sen. Richard Blumenthal, D-Conn., called Swift's tour sale "a perfect example of how the Live Nation/Ticketmaster merger harms consumers by creating a near-monopoly," in a Tweet posted Tuesday. "I've long urged DOJ to investigate the state of competition in the ticketing industry," he added. "Its been a long, difficult year for everyone and were fired up to be reuniting with our crew, sharing new music with our fans, and celebrating a brand new world.". Ticket sales for concerts this year were up 34% for the quarter, and now stand at over 115 million tickets sold for shows this year, up 37% from this point in 2019. ', Chris Pine Admits It Did Look Like Harry Styles Spit on Me, but He Did Not: The Vitriol Against Dont Worry Darling Was Ridiculous, HBO's Leading Man: Casey Bloys on Perfecting 'The Last of Us,' HBO Max Streaming Merger and Axing Shows, A24 Sweeps Film Categories at the 2023 SAG Awards as 'Everything Everywhere All at Once' Breaks Record for Most Wins, Jean Smart 'Doing Well, Recovering' Following Heart Procedure, Says Hacks Co-Star Hannah Einbinder, Ke Huy Quan Becomes First Asian Male Film Winner at SAG Awards for 'Everything Everywhere All at Once'. April 20, 2021 1:54pm. A Free State teacher has been fired after he was found guilty of improper and disgraceful conduct when he asked a matric pupil to hug and kiss him. Find full tour schedules, seating charts and concert venue details at Ticketmaster.com. 28. I Hate U. Event Views Navigation 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. With Giving Assistant, you have access to the most recent Live Nation coupons, making it more affordable to get out of the house and have a little fun. Key Background. Sign up for free newsletters and get more CNBC delivered to your inbox. See Live Nation's 2022 financial results at this link. PRESALES: Citi is the official card of P!NK's Summer Carnival 2023 Stadium Tour. By continuing past this page, you agree to our terms of use. The company has provided certain financial statements at the end of this press release for reference. Use " SOUND " or " CHORUS ". Live Nation took a hard hit during the pandemic and was forced to cancel all its tours. 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 . ', The True Story Behind 'Cocaine Bear': A 175-Pound Beast, a Dead Drug Smuggler in Gucci Loafers and More, Jonathan Majors Pitches a Rom-Com With Issa Rae: 'I Want to Run Through Central Park Trying to Beat Her to the Airport', The Weeknd Fires Back at Rolling Stone Report Claiming 'The Idol' Is in Turmoil: 'Did We Upset You? 2023 Live Nation Worldwide, Inc. All rights reserved. RT @future_of_music: Live Nation-Ticketmaster reports total 2022 income of $732 million, which is 125% higher than 2019, their pre-pandemic year and most-profitable on record. "We cant wait to get back on the road and in front of our fans, it means so much to be able to bring live music back to the people that support us the most," said the Jonas Brothers. Sign up for email updates from Live Nation. Some users were shown an error page stating, "We're sorry! All subsequent written and oral forward-looking statements by or concerning Live Nation are expressly qualified in their entirety by the cautionary statements above. Concert promoter and venue operator Live Nation said it logged its best first quarter ever, thanks to a resurgence in concert going, which juiced sales at its Ticketmaster division. Swift's latest tour, which comes on the heels of herrecord-breaking new album release "Midnights,"has set 52 dates so far, the singer's largest tour to date. The concert promotion business is highly competitive, with artist management in control of selecting their promoting team. Tickets to the outdoor match will not be part of the Nebraska volleyball season-ticket package and must be purchased separately. See Show Calendar . Premier Parking - HARDY - 100 Luckie St. LAZ Deck, The Room - HARDY - Not a Concert Ticket**, Fast Lane Access - HARDY - Not a Concert Ticket, Premier Parking - HARDY - Not a Concert Ticket, Parking at Morey Middle School - 13th and Emerson - HARDY, VIP Club Access - HARDY - Not a Concert Ticket**, HOB Foundation Room Access - HARDY - Not a Concert Ticket, Affinity Plus Fast Lane Access - HARDY - Not a Concert Ticket, American Family Field Parking- Morgan Wallen, BG'S Lounge Access - HARDY - Fillmore New Orleans, VIP Club Access: Hardy (Not a Concert Ticket), Fast Lane Access: Hardy (Not a Concert Ticket), Lawn Chair Rental - Hardy (Not a Concert Ticket), Live Nation Blanket - Hardy - Not a Concert Ticket, Do Not Sell or Share My Personal Information. On Friday evening, Live Nation issued an impassioned defense of the much-maligned Ticketmaster with a long statement asserting that the platform was the most transparent and fan-friendly service of its kind available. Shows of all types continue having strong demand, with double-digit attendance growth across all venue types including clubs, theaters, amphitheaters, arenas, stadiums and festivals. Decide how many tickets you wish to purchase. Our Virtual Assistant is available 24/7 to answer many of your questions. Then click "See Details" to get to the "Event Details" page. 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. Add your coupon code by clicking "Apply Voucher Code" and view your adjusted price with the discount applied. Print your tickets from home or pick them up at the event. Participating artists celebrating the Return to Live concerts include: About Live Nation EntertainmentLive Nation Entertainment (NYSE: LYV) is the worlds leading live entertainment company comprised of global market leaders: Ticketmaster, Live Nation Concerts, and Live Nation Sponsorship. Since Ticketmaster is part of Live Nation Entertainment, you'll go to the Ticketmaster website to complete your purchase. Clearly 2022 has been an incredible year of returning to live events, and we expect it to finish strong. These complications have reinvigorated calls from activists and politicians for the Department of Justice to investigate the decade's-old merger of Ticketmaster and Live Nation. Because of the competitive bidding process, venues regularly take more of the economics on every renewal, as they set and keep a majority of the service fees. We believe that information about AOI assists investors by allowing them to evaluate changes in the operating results of our portfolio of businesses separate from non-operational factors that affect net income (loss), thus providing insights into both operations and the other factors that affect reported results. We use AOI to evaluate the performance of our operating segments. 27. 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." All Rights Reserved. Follow your favorite artists, venues or shows on their social media pages. American Express, Citi, and Chase cardholders. As ticket sales increase, related ticketing operating income generally increases as well.". 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. 5 years ago tickets were paper, now you scan in with your phone, and can transfer tickets to your friend with one tap. Asheville, NC 28801. His Love On Tour shows were postponed due to the pandemic and finally started in September 2021 in Las Vegas. $ 2,018.3. T-Mobile and Sprint customers can score exclusive 24-hour early access to the $20 all-in tickets through T-Mobile Tuesdays starting Tuesday, July 27th at 12pm ET/9am PT. Ticket buyers immediately turned to social media to complain after thewebsite appeared to crash or freeze during purchases, leaving many unable to get tickets for the show. Within hours, tickets for the tour were already up for sale in the secondary market at exponential markups. 10% OFF. Venue Presale. The company also had to endure a January Senate hearing with the Judiciary Committee. Ticketmaster is also the most transparent and fan-friendly ticketing system in the United States. Participating artists include some of todays biggest acts across genres including Country, Hip-Hop, Latin, Metal, Pop, Rock, and more. The market is increasingly competitive nonetheless, with rivals making aggressive offers to venues. 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. For additional information, visit www.livenationentertainment.com. The company that owns Ticketmaster is backing reforms to the ticket process, after facing intense backlash following a chaotic 2022 Taylor Swift concert sale. 75 Coxe Avenue. The fee-bearing tickets estimated above include primary and secondary tickets that are sold using our Ticketmaster systems or that we issue through affiliates. Addressing the monopoly accusations around the company, he added, On the regulatory front: The ticketing industry is more competitive than ever, and our market share has gone down, not up, since the Ticketmaster merger. High demand has goosed sponsorship sales, which are up double-digits compared to this point in 2019. Swift fans can't 'Shake It Off' as some tour tickets soar to more than $22,000. As we expected, our performance this quarter was led by our concert business, which held 11 thousand concerts for 44 million fans across nearly 50 countries. Check out available shows here. Swift did not call out Live Nation or Ticketmaster by name. VIRGINIA BEACH (WAVY) You can go see several major music acts at the Virginia Beach amphitheater and across the U.S. this summer and fall for just $20. 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. The company said it registered roughly 11 million fans attending shows in the quarter, down from 15 million in the first quarter of 2019, which the company said was its most comparable period since the pandemic. In our sponsorship business, confirmed commitments are up 30% from this time last year, showing the resiliency and long-term commitments that brands have for our business. A limitation of the use of AOI as a performance measure is that it does not reflect the periodic costs of certain amortizing assets used in generating revenue in our business. 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. During that hearing, Live Nation blamed the proliferation of ticket-buying online bots and scalpers for its failure to adequately meet customer needs. The market is increasingly competitive nonetheless, with rivals making aggressive offers to venues. Thats why the company, which faced massive public pushback earlier this year in the aftermath of a Taylor Swift ticket sale meltdown, has proposed a (kind of) solution. Explore HARDY tour schedules, latest setlist, videos, and more on livenation.com 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. Ancillary per fan spending was up 20 to 30% year-to-date relative to 2019 in our operated venues across the U.S. and Europe. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. Number of shows for 2022 not representative of 2023 season. Consumers complaining about LiveNation most frequently mention customer service, credit card and ticket master problems.LiveNation ranks 77th among Concert Tickets sites. Followers will get the most recent presale codes the day they go live. We operate ticketing marketplaces in more than 30 countries around the world and have seen all-in pricing adopted successfully in many countries when mandated across the board. "Consumers deserve better than this anti-hero behavior.". Email. Receive 15% Off Your Purchase. Overall, quarterly revenue at Live Nation, which runs music festivals like Lollapalooza and Governors Ball, jumped to $1.8 billion . Free Presale Codes For Ticketmaster, Live Nation & More [Live Updates] January 20, 2023 by Admin. Festivals and Global Footprint Fuel Sponsorship Growth. 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]. Ticketmaster and Live Nation have been accused of abusing their market power by hiking up ticket prices and adding arbitrary fees to purchases. Encore. 45 Million Tickets Already Sold for 2022 Shows, with Pricing on Top 10 Tours Up Over 20% (vs 2019) Sponsorship Commitments Up Double-Digits Relative to 2019, Already Over 80% Sold For Year Live Nation Entertainment, Inc. (NYSE: LYV) today released financial results for the quarter and full year ended December 31, 2021. 29. The Weekend. Attendance at its events was up 24%, with more than 121 million fans attending 43,600 events and ancillary per-fan spending up 20% across all major venue types. 2023 Live Nation Worldwide, Inc. All rights reserved. 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Jordan Meets Reporter at 'Creed III' Premiere Who 'Teased Him all the Time' in High School: 'I Was the Corny Kid, Right? Inc. all rights reserved management in control of selecting their promoting team, you agree to our terms use! '' he added 've long urged DOJ to investigate the state of competition in the secondary market at exponential.. Get more CNBC delivered to your inbox home or pick them up at the Event this... About LiveNation most frequently mention customer service, credit card and ticket master problems.LiveNation ranks 77th among concert sites... Use & quot ; page stating, `` we 're sorry has goosed sponsorship sales which! Live Nation 's 2022 financial results at this link and must be purchased separately by or concerning Live Nation,! ; see Details & quot ; Event Details & quot ; page Ticketmaster also... And scalpers for its failure to adequately meet customer needs above include and! 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