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May 23, 2024 at 10:25 AM. Why Ticketmaster Owner Live Nation's Shares Are Tumbling Today. Live Nation Entertainment Inc (NYSE: LYV) shares are trading lower on Thursday as the company faces a ...
Live Nation Entertainment, Inc. is an American multinational entertainment company that was founded in 2010 following the merger of Live Nation and Ticketmaster. It promotes, operates and manages ticket sales for live entertainment internationally. It also owns and operates entertainment venues and manages the careers of music artists.
In 2022, Ticketmaster was experimenting with a demand-based, dynamic pricing which would vary the ticket price based upon demand. The new system is touted to give artists a higher share of the revenues that would otherwise be coming through resale ticket sales. Criticism and controversies Anti-competition claims
According to trade publication Pollstar, the average ticket price from the 100 top tours in 2023 was $122.84, which was 17% higher than the year before and a 31% increase compared to the average ...
Taylor Swift performing on the Eras Tour in 2023. Ticketmaster received criticism for mishandling the U.S. ticket sale of the tour.. The American ticket sales platform Ticketmaster and the parent company Live Nation Entertainment were met with widespread public criticism and political scrutiny over blunders in selling tickets to the 2023 United States leg of the Eras Tour, the sixth concert ...
The DOJ wants to break up Live Nation and Ticketmaster, citing exorbitant ticket prices for concerts. ... and that competition has steadily eroded Ticketmaster’s market share and profit margin ...
What does the Ticketmaster, Live Nation lawsuit say? With more than 265 concert venues in North America, the lawsuit says Live Nation controls roughly 60% of concert promotions at major concert ...
Live Nation is an American events promoter and venue operator based in Beverly Hills, California. Founded in 1996 by Robert F. X. Sillerman as SFX Entertainment, the company's business was built around consolidating concert promoters into a national entity to counter the oversized influence of ticket behemoth Ticketmaster.
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