Dream Wired
No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
No Result
View All Result
Dream Wired
No Result
View All Result
Home DramaAlert

Taylor Swift, Beyonce tours boost Ticketmaster parent Live Nation’s revenues – National

rmtsa by rmtsa
November 3, 2023
in DramaAlert
0
Taylor Swift, Beyonce tours boost Ticketmaster parent Live Nation’s revenues – National
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Capricorn Clark, Sean ‘Diddy’ Combs’ Former Assistant, Testifies

“They All Admitted To Perjury On World Television But Yet I’m Left To Die Of Cancer” • Hollywood Unlocked

Crypto Torture Suspects Were Big Spenders at New York Nightclub The Box

Descrease article font size

Increase article font size

Ticketmaster parent Live Nation Entertainment beat market estimates for third-quarter revenue, benefiting from high ticket prices and surging concert demand.

Shares of the company rose 3.5 per cent in extended trading.

Heavy demand for music concerts from popular figures like Taylor Swift and Beyonce has driven up the prices of tickets, benefiting concert promoters.

The announcement of long-awaited tours from musical artists like Bad Bunny and U2 shows signs of a healthy outlook for the company.

The company’s revenue rose 32 per cent to $8.15 billion in the quarter ended Sept. 30, compared with analysts’ estimates of $6.99 billion, according to LSEG data.

Total estimated events rose 7.6 per cent year-over-year to 12,090 while total estimated fans stood at 52.3 million compared with 37.1 million the previous quarter.

Story continues below advertisement

Total estimated tickets sold were 155.4 million compared with 150.1 million in the previous quarter.


Click to play video: 'The concert boost: How top acts like Taylor Swift, Beyonce are driving economic growth'

2:18
The concert boost: How top acts like Taylor Swift, Beyonce are driving economic growth


Trending Now

Trans Mountain pipeline work blocked in B.C. over environmental non-compliance

Canada’s job market is ‘softening’. What that could mean for interest rates

The company’s concert business, which consists of merchandise sales and the production of live music events, brought in revenue of $6.97 billion – making up the bulk of its overall revenue, followed by $832.6 million from ticketing.

Along with the surging demand, the company faces regulatory challenges.

Live Nation was reportedly subject to a probe by the U.S. Justice Department investigating whether the company uses anticompetitive agreements with venues and artists amid broader concerns of high fees and the company’s control of the concert ticket market.

The company reported a profit per share of $1.78 for the July to September period, compared with $1.39 per share a year ago.

Story continues below advertisement

— Reporting by Zaheer Kachwala in Bengaluru; Editing by Shailesh Kuber

&copy 2023 Thomson Reuters



Source link

Tags: BeyoncéboostLiveNationalNationsParentrevenuesSwiftTaylorTicketmasterTours
Share30Tweet19
rmtsa

rmtsa

Recommended For You

Capricorn Clark, Sean ‘Diddy’ Combs’ Former Assistant, Testifies

by rmtsa
May 28, 2025
0
Capricorn Clark, Sean ‘Diddy’ Combs’ Former Assistant, Testifies

Capricorn Clark, Sean “Diddy” Combs’ former assistant, took to the stand on Tuesday (May 27) with more harrowing allegations about the hip-hop mogul’s alleged abusive past during his...

Read more

“They All Admitted To Perjury On World Television But Yet I’m Left To Die Of Cancer” • Hollywood Unlocked

by rmtsa
May 28, 2025
0
“They All Admitted To Perjury On World Television But Yet I’m Left To Die Of Cancer” • Hollywood Unlocked

Joe Exotic Blasts Trump For Leaving Him Behind While Freeing the Chrisleys Tiger King star Joe Exotic is not holding back his feelings after news broke that President...

Read more

Crypto Torture Suspects Were Big Spenders at New York Nightclub The Box

by rmtsa
May 28, 2025
0
Crypto Torture Suspects Were Big Spenders at New York Nightclub The Box

Crypto Torture Suspects Lavish Spending At NYC's The Box ... Clubbing Like No Tomorrow Published May 28, 2025 2:00 AM PDT Play video content TMZ.com The "Crypto King...

Read more

Dawn Richard Denies Drugging Day26’s Que At Diddy’s Request

by rmtsa
May 28, 2025
0
Dawn Richard Denies Drugging Day26’s Que At Diddy’s Request

by Jeroslyn JoVonn May 27, 2025 “I want to be unequivocally clear: I have never drugged anyone, nor have I ever given anyone pills to take,” she wrote...

Read more

Brittany Cartwright Catches Jax Taylor Spying on Her from Rehab

by rmtsa
May 28, 2025
0
Brittany Cartwright Catches Jax Taylor Spying on Her from Rehab

On Tuesday's all-new episode of The Valley, Brittany is met with a bombshell revelation from Jax that makes her worried she'll "lose everything," as she exclaims he's "actually...

Read more
Next Post
Luke Spiller + Taylor Hawkins Were Planning a Queen Covers Tour

Luke Spiller + Taylor Hawkins Were Planning a Queen Covers Tour

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized

CATEGORIES

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized
No Result
View All Result

Recent News

  • ‘House Of Villains’ Season 3 Full Cast, Peacock Sets 2026 Release Date
  • Social Media Reacts To Travis Hunter Marrying His Longtime Love
  • Capricorn Clark, Sean ‘Diddy’ Combs’ Former Assistant, Testifies

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In