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. We are proud of the work we do across both concerts and ticketing, and will continue working to improve and support the live events industry. Live Nation Entertainment issued a lengthy defense of its ticketing giant subsidary Ticketmaster in the wake of the platforms tech meltdown against the feverish demand for Taylor Swifts upcoming The Eras tour dates. 594-3708 GROUP SALES : (228) 287-7825 (MS Surge Hockey Office) Venue Seat Map. Finally on Ticketmaster, a point on some recent press regarding ticketing fees. The verified fan program, which was established in 2017, was designed to keep tickets in the hands of actual fans and not resellers. Festivals and Global Footprint Fuel Sponsorship Growth. Early figurespointed to the huge jump. Despite varying economic headwinds including inflation, we have not seen any pullback in demand, as on-sales, on-site spending, advertising and all other operating metrics continue showing strong year-on-year growth. "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.". The "Eras" tour could break Swift's own record for gross ticket sales in North America. Get tickets for Guns N' Roses at Mississippi Coast Coliseum on WED Sep 20, 2023 at 6:30 PM . The company was forced to extend presales after fans flocked to the site, causing site disruptions and slow queues. Our Virtual Assistant is available 24/7 to answer many of your questions. It . 1 Personalized pass that acts as your ticket to the Hackensack Meridian Health Lawn for PNC Bank Arts Center's 2023 season*. A Division of NBCUniversal. 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. This only works if all ticketing marketplaces adopt together, so that consumers truly can accurately compare as they shop for tickets. These financial statements should be read in conjunction with the full financial statements, and the notes thereto, set forth in the companys Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission today and available on the SECs website at sec.gov. Nearly 1,000 Shows Available from Alanis Morissette, Chicago, Jonas Brothers, Kings of Leon, Lil Baby, Pitbull, Trippie Redd, Zac Brown Band, and Many More, Exclusive T-Mobile Presale Begins Tuesday, July 27th at 12pm ET/9am PT, $20 Tickets Available To General Public Starting Next Wednesday, July 28th at 12pm ET/9am PT at LiveNation.com. 10% OFF. We use AOI to evaluate the performance of our operating segments. The bargain tickets are available exclusively between May 4 and May 10. Buy tickets for upcoming concerts, music festivals and more of your favorite artist touring. Yes, I want to receive email updates from Live Nation . The company has provided certain financial statements at the end of this press release for reference. We've received your submission. 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. Risk Factors of the companys most recent Annual Report filed on Form 10-K, and Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K, which contain and identify other important factors that could cause actual results to differ materially from those contained in the companys projections or forward-looking statements. All Rights Reserved. Pick your preferred seat (from an interactive seating chart that allows you to see exactly where each seat is located). Accordingly, free cash should be considered in addition to, and not as a substitute for, cash and cash equivalents and other measures of financial performance reported in accordance with GAAP. That Ticketmaster continues to be the leader in such an environment is a testament to the platform and those who operate it, not to any anticompetitive business practices. Live Nation delivered the biggest summer concert season in history and drove a record quarter. 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. Festivals are counted as one event in the quarter in which the festival begins, but the number of fans is based on the days the fans were present at the festival and thus can be reported across multiple quarters. You'd think all these service and convenience fees could go to a working website.". A replay of the webcast will also be available on the Live Nation website. 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. Live Nation Premium Tickets; Live Nation Productions; Veeps; Company. Ticketmaster has long maintained a stronghold on concert ticket sales in the United States. Free Cashis a non-GAAP financial measure that we define as cash and cash equivalents less ticketing-related client funds, less event-related deferred revenue, less accrued expenses due to artists and cash collected on behalf of others, plus event-related prepaids. Live Nation Unloads Heavily Discounted Tickets On Groupon Amid Crowded 2022 Concert Calendar Halsey, Rod Stewart, Big Time Rush, and More. Free Cash Flow Adjusted, or FCF, is a non-GAAP financial measure that we define as net cash provided by (used in) operating activities less changes in operating assets and liabilities, less maintenance capital expenditures, less distributions to noncontrolling interest partners. Reconciliation of Certain Non-GAAP Measures to Their Most Directly Comparable GAAP Measures (Unaudited), Reconciliation of Free Cash FlowAdjusted to Net Cash Provided by Operating Activities, Less: Changes in operating assets and liabilities (working capital), Distributions to noncontrolling interests, Net cash provided by (used in) financing activities, Net cash provided by operating activities, Reconciliation of Free Cash to Cash and Cash Equivalents. Accordingly, FCF should be considered in addition to, and not as a substitute for, net cash provided by (used in) operating activities and other measures of financial performance reported in accordance with GAAP. Concert fans are showing no signs of slowing down they are paying more for the best tickets, attending the shows, and spending more onsite as they create lifetime memories, Michael Rapino, president and chief executive of Live Nation said Friday. 3Q Financial Overview (vs 2019): Results Demonstrate the Power of Our Flywheel, 3Q Highlights (vs 2019): Fans Continue to Prioritize Their Spending on Live Events, Outlook: Closing Out a Record Year and Positioned for Continued Growth. 1 Personalized pass that acts as your ticket to the Allegiant.com Lawn for iTHINK Financial Amphitheatre's 2023 season* . ", In a revealing passage, it adds that "approximately 270 million tickets were sold using our Ticketmaster systems. 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. 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. Since signing the extended consent decree related to the Ticketmaster merger, we remain in constant conversation with the Department of Justices monitors, and do not believe there have been any violations. 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]. Theyre absolutely making an effort to expand representation, said Etheridge, who added that shes wanted to play Stagecoach for years. TICKETS: Tickets go on sale to the general public starting Monday, November 21st at 10am Local Time on LiveNation.com. Do they really need to be taking as much as 20% of artists' merchandise sales? LOS ANGELES, Nov. 3, 2022 /PRNewswire/ Live Nation Entertainment, Inc. (NYSE: LYV) today released financial results for the quarter ended September30, 2022. Number of shows for 2022 not representative of 2023 season. Enjoy 10% Off Your Ticket Purchase To The Wiggles Big Birthday Event. Overall, quarterly revenue at Live Nation, which runs music festivals like Lollapalooza and Governors Ball, jumped to $1.8 billion . Buy concert tickets for top tours and festivals - Live Nation is your premier source for latest tour news, artist insights, exclusive videos, photos, and more. Explore Thomas Rhett tour schedules, latest setlist, videos, and more on livenation.com See Show Calendar . 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. The companys CFO Joe Berchtold also claimed that Ticketmaster doesnt set the lofty ticket prices. Fans around the world continue prioritizing their spend on live events, particularly concerts. Live Nation took a hard hit during the pandemic and was forced to cancel all its tours. ", record-breaking new album release "Midnights,". Description. "We couldnt be more excited to get back out on the road," said Zac Brown. Some of these events require nothing more than a password that is given to you during the email alert, so you get your tickets before the general public. Search for Events by Keyword. But, that didn't appear to work in several cases. Zip Code. 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. 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. Social Media Presale. 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. Check out available shows here. 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. Amid increased awareness of eye-watering $1,000+ ticket prices, and after a couple of high profile sale flubs, in which would-be customers were unable to access tix and Ticketmaster hawked fake Bad Bunny passes, Live Nation has become the subject of multiple state investigations and a Department of Justice probe. Reserved Tickets to the hottest shows. Find P!NK tickets on Australia | Videos, biography, tour dates, performance times. 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. 27. Live Nation increased its revenue in 2022 by roughly 166 percent over its 2021 revenue,as the live event conglomerate's newly reported yearly earnings reveal. Free Presale Codes For Ticketmaster, Live Nation & More [Live Updates] January 20, 2023 by Admin. 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. P!NK will also be performing on Sunday, November 20 at the 2022 American Music Awards on ABC at 8PM ET/PT. Email. Globally, new venue clients continue to seek out Ticketmasters services due to the effectiveness of our enterprise software platform driving venue revenue, combined with our leading online marketplace. Then click "See Details" to get to the "Event Details" page. that demand for ticket sales will follow as more concerts are announced . On a very busy Thursday for the company, it also launched the FAIR Ticketing Act in an effort to combat excesses in the secondary ticketing market, and plans to release a statement in response to one issued earlier in the day by Senators Amy Klobuchar and Mike Lee, who led last months controversial Senate hearing on the ticketing industry. Use " SOUND " or " CHORUS ". Stadiums had a particularly strong quarter with our fan count more than tripling to nearly nine million fans, driven by the global demand to see top acts across a number of genres and audiences such as Bad Bunny, The Weeknd and Red Hot Chili Peppers. See the2021 numbersat this link. Find concert tickets for Thomas Rhett upcoming 2023 shows. Venue Presale. 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 . Limited Time. LiveNation has a consumer rating of 1.4 stars from 106 reviews indicating that most customers are generally dissatisfied with their purchases. Events generally represent a single performance by an artist. Max four tickets per Offer Passcode. We still have tremendous room to expand these higher quality experiences throughout our venue portfolio, which includes over 400 venues and festivals globally with almost 40 new venues in our pipeline. Ticketmaster and Live Nation have been accused of abusing their market power by hiking up ticket prices and adding arbitrary fees to purchases. Find full tour schedules, seating charts and concert venue details at Ticketmaster.com. 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. Some users were shown an error page stating, "We're sorry! At the same time, ticket prices for concertsskyrocketed,as recent reports have shown. 1 Personalized pass that acts as your ticket to the Allegiant.com lawn for Blossom Music Center's 2023 season*. Pursuant to the Amended Decree voluntarily entered in 2020, Live Nations compliance is monitored by a former federal judge. Prega Govender Journalist. We delivered double-digit attendance growth relative to Q3 2019 across established and emerging markets around the globe from North America to Europe to South America, showing our long runway of global growth. 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. "Eras" tour tickets are pricedfrom $49 to $450, with VIP packages starting at $199 and reaching $899. 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. Celebrate Summer Concert Season with $20 All- In Tickets to +1,000 Shows! Highest Gross Transaction Value Quarter Ever at Ticketmaster. Select your desired concert/event city and date. Activists and lawmakers are renewing calls to split Ticketmaster and Live Nation after a fiasco over ticket sales for the pop superstar's . 28. 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. Variety is a part of Penske Media Corporation. 2023 NYP Holdings, Inc. All Rights Reserved, Hindu, Buddhist leaders complain about very painful NY beer, AOC trashes ticket monopoly after Taylor Swift tour snafu, Too big to be safe? 2. . We may earn a commission from links on this page. 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. Service 41. Its only fair that they create their ticketing rules, too. Event Views Navigation 10. Live Nation proposed the changes on the same day it reported record sales of $16.7 billion for 2022, more than double a year ago and up 44% from 2019, the last normal year before Covid-19. All subsequent written and oral forward-looking statements by or concerning Live Nation are expressly qualified in their entirety by the cautionary statements above. The Ticketmaster and Roc Nation owner posted a fourth quarter operating loss of $119.9 million, compared to a year-earlier operating loss of $124.5 million. American Express, Citi, and Chase cardholders. The A.V. Zip Code. "Despite promises of increased competition and consumer benefit, they now control 70% primary ticketing and live event venues market," according to a coalition of activists called "Break Up Ticketmaster." Decide how many tickets you wish to purchase. Such forward-looking statements include, but are not limited to statements regarding the companys prospects for a record 2022 with a strong finish to the year, and its positioning for continued growth across its businesses; current expectations for total fan attendance at the companys festivals, amphitheaters, and theaters and clubs in 2022; the companys room to expand its hospitality operations and premium options throughout its operated venue portfolio; expectations going into 2023 that the company will continue to drive growth in its concert business by adding more venues to its operated portfolio, continuing to increase ancillary per fan revenue, and furthering its efforts to deliver market value for the show to the artists, with these market pricing trends expected to also benefit the companys ticketing business, which is also expected to continue to globally add new clients to its world-class platform and the companys current expectations for capital expenditures for 2022. PREPAID PARKING PASS ONLY - SZA (Not a Show Ticket), Do Not Sell or Share My Personal Information. The website features thousands of events from all over the country, but you can easily narrow your search to a specific geographic location or one type of event. Qualifying wireless plan required. Get exclusive access to see your favorite artists live, including tours, festivals, Vegas residencies, and amphitheater shows. As of September 30, 2022, total cash and cash equivalents were $5.0 billion, which includes $1.3 billion in ticketing client cash and $2.0 billion in free cash. The special promotion marks the highly-anticipated return of live music in the U.S. as artists ready to hit the stage and fans cant wait to see their favorite acts live in-person once again. The Great Minnesota Get-Together. And the same day that the company posted record-setting sale numbers and $16.7 billion in revenueup 44% from the pre-pandemic benchmark of 2019. Live Nation is the parent company of Ticketmaster. Tickets to the outdoor match will not be part of the Nebraska volleyball season-ticket package and must be purchased separately. Ticketmaster which controls 70% of the market for ticketing and live events according to CNBC canceled its so-called public sale of . November 18, 2022 10:44am. Once you are there, click the 'Contact Us' button. Broken things are a drag our team is on it so it doesn't happen again.". Artists create their music and their concerts, Rapino concluded. Pol calls to break up Live Nation over dismal safety record, Live Nation offers $25 tickets for over 75 concerts to celebrate National Concert Week, Marv Albert in awe of Clyde Frazier's broadcasting rise, 11-year-old reads aloud from 'pornographic' book he checked out from library at school board meeting, Family raises 250-pound 'dog' for 2 years then realizes it's a bear, Influencer refuses to switch business class seats so family can sit together, Teen Mom alum Ryan Edwards arrested after stalking wife Mackenzie, Kim Kardashian models thong bikini, belly chain in sexy new pics, Kyle Richards gives an update on her friendship with RHOBH alum Lisa Rinna, Sunny Hostin Points Finger at China for COVID Crisis: Did Not Cooperate With the International Community, Prince Harry, Meghan Markle confirm they were asked to 'vacate' Frogmore Cottage. Details of the FAIR Ticketing act can be found here, but broadly speaking, its main tenets state that artists should decide resale rules, which would be an effort to allow artists to take the lead in preventing exploitative prices on the secondary market; make it illegal to sell speculative tickets, addressing scalpers habit of tricking fans into buying tickets that do not yet exist; expand the BOTS Act, to combat the widespread use of ticket-buying bots on the secondary market; crack down on resale sites that are safe havens for scalpers, which would force secondary-market sites to police the activity on their platforms more aggressively; and mandate all-in-pricing nationally, which would address the processing and other fees that often are not revealed until very late in the sale process. Free cash is not calculated or presented in accordance with GAAP. Members of Congress say the Live Nation-Ticketmaster merger created a "monopoly" over the the market for live-event ticket sales. A select number of fans, 1.5 million, were chosen to get access to tickets . 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. In 2019, its last year of business unaffected by the Covid-19 pandemic, Live Nation put on 40,000 events around the world and sold 485 million tickets through Ticketmaster, according to the . Yes, I want to receive email updates from Live . Variety and the Flying V logos are trademarks of Variety Media, LLC. See full list below. Clearly 2022 has been an incredible year of returning to live events, and we expect it to finish strong. April 20, 2021 1:54pm. This press release contains certain non-GAAP financial measures as defined by SEC Regulation G. A reconciliation of each such measure to its most directly comparable GAAP financial measure, together with an explanation of why management believes that these non-GAAP financial measures provide useful information to investors, is provided herein. Representatives from Live Nation did not immediately respond to CNBC's request for comment. We want to hear from you. The scope of the BOTS Act needs to be expanded and enforced to deter those who break the law, cheating artists and fans in the process. We use FCF among other measures, to evaluate the ability of operations to generate cash that is available for purposes other than maintenance capital expenditures. 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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? Expand representation, said Etheridge, who added that shes wanted to play Stagecoach years. Of our operating segments on ABC at 8PM ET/PT an incredible year of returning to Live events, particularly.... Qualified in their entirety by the cautionary statements above is available 24/7 to answer many your! Residencies, and we expect it to finish strong ; Roses at Mississippi Coast on... Provided certain financial statements at the 2022 American music Awards on ABC at ET/PT! Public sale of tour schedules, latest setlist, videos, and more your. Guns N & # x27 ; button the road, '' presented accordance... Recent reports have shown ; s 2023 season * subsequent written and oral statements. The Allegiant.com Lawn for Blossom music Center & # x27 ; merchandise sales,... 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At Mississippi Coast Coliseum on WED Sep 20, 2023 at 6:30 PM 287-7825 ( MS Surge Office... Website. `` ``, in a revealing passage, it adds that `` approximately 270 million were... Nebraska volleyball season-ticket package and must be purchased separately and must be separately... Back out on the Live Nation delivered the biggest summer concert season history! 2022 concert Calendar Halsey, Rod Stewart, Big Time Rush, and more of your favorite artists Live including... Certain financial statements at the same Time, ticket prices and adding arbitrary fees to....