Investors in this leader in concert promotions and ticket sales got a boost in July when news circulated about a potential acquisition by Sirius XM, reportedly backed by Liberty Media (which owns 34% of Live Nation). Instead, Sirius purchased streaming service Pandora, and its CEO said that Live Nation is “not on my mind right now.” Whether or not a buyout happens, there are plenty of reasons to be bullish about a company that has delivered a 26% annual shareholder return over the past three years. It’s growing its international presence—attendance at its concerts overseas has risen 58% in the past two years, and revenue per fan at its European festivals grew 12% this last quarter. And with its control of Ticketmaster, Live Nation has a big moat against competitors in the U.S.
Company Information
Overall Score | 3.3 |
Sector | Media |
Industry | Media |
CEO | Michael J. Rapino |
Website | http://www.livenationentertainment.com |
Employees | 8,800 |
HQ Location | Beverly Hills, Calif. |
Revenues ($M) (Past 12 Months) | $10,762 |
Profits ($M) (Past 12 Months) | $-19 |
Market Value as of Oct. 10, 2018 ($M) | $10,365 |