Capital One Arena, Washington, Washington, D.C. Powered by.css-vhifsz{margin-bottom:-2px;margin-left:5px;}. November 18, 2022 10:44am. Zip Code. April 20, 2021 1:54pm. Artists create their music and their concerts, Rapino concluded. Asheville, NC 28801. Find Events. Available Now through August 1 on participating shows. Add your coupon code by clicking "Apply Voucher Code" and view your adjusted price with the discount applied. "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." We will continue to advocate for fee transparency in live event ticketing. TICKETS: Tickets go on sale to the general public starting Monday, November 21st at 10am Local Time on LiveNation.com. 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. We present constant currency information to provide a framework for assessing how our underlying businesses performed excluding the effect of foreign currency rate fluctuations. Accordingly, AOI should be considered in addition to, and not as a substitute for, operating income (loss), net income (loss), and other measures of financial performance reported in accordance with GAAP. Tickets for Swift's tour-her first since 2018first became available for presale on Tuesday. The company was forced to extend presales after fans flocked to the site, causing site disruptions and slow queues. Harry performed over 43 shows throughout the US at the end of last year winning praise from fans and critics alike. Discount. Swift did not call out Live Nation or Ticketmaster by name. Find P!NK tickets on Australia | Videos, biography, tour dates, performance times. P!NK will also be performing on Sunday, November 20 at the 2022 American Music Awards on ABC at 8PM ET/PT. Live Nation Premium . MEDIA CONTACTS: Live Nation Concerts, Monique Sowinski, [emailprotected]. Select your desired concert/event city and date. We innovate and invest in our technology more than any other ticketing company, and we will continue to do so, Live Nation wrote (full statement below). Free cash. Live Nation does not undertake any obligation to publicly update or revise any forward-looking statements because of new information, future events or otherwise. 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. Variety and the Flying V logos are trademarks of Variety Media, LLC. Shares of Live Nation Entertainment took a big hit Friday amid reports that the Justice Department was looking into widespread complaints over how Ticketmasters platform botched the pre-sale auction and other aspects of the first-day rush to buy tickets to Taylor Swifts jaunt that begins March 18 in at State Farm Stadium in Glendale, Ariz. Live Nation saw its shares drop nearly 8% in trading Friday, closing at $66.21, as anecdotal reports spread of fans facing technical nightmares in trying to get into queues for a shot at buying ducats for Swifts hotly sought-after The Eras tours. As a result, our ticketing revenue was $2.2 billion, up 45% vs 2019. The Live Nation and Ticketmaster monopoly, a coalition of activists called "Break Up Ticketmaster. . The Lonesome Crowded West Tour (2022) 9:30 Club, Washington, Washington, D.C. Set 1; 1. Live Nation Entertainment, the parent company of Ticketmaster, is the focus of an antitrust investigation that predates the Taylor Swift . Live Nation is the parent company of Ticketmaster. The company will webcast a teleconference today at 2:00 p.m. Pacific Time to discuss its financial performance, operational matters and potentially other material developments. High demand has goosed sponsorship sales, which are up double-digits compared to this point in 2019. Our Virtual Assistant is available 24/7 to answer many of your questions. We innovate and invest in our technology more than any other ticketing company, and we will continue to do so. We will always be on the side of the artist, who are the best advocates for their careers and their fan base.. Live Nation saw its shares drop nearly 8% in trading Friday, closing at $66.21, as anecdotal reports spread of fans facing technical nightmares in trying to get into queues for a shot at buying . A limitation of the use of free cash as a performance measure is that it does not necessarily represent funds available from operations and it is not necessarily a measure of our ability to fund our cash needs. On Sale In -- -- -- . In his letter to investors, Michael Rapino highlighted the results from the companys embattled but highly lucrative Ticketmaster division, noting, We grew our fee-bearing ticket volume by 28% from 2019 to 280 million, which in turn drove our fee-bearing [gross transacted value] up by over 50% vs 2019 to $28 billion across 38 countries. See Show Calendar . The demand for live entertainment continues to grow, and there are more promoters than ever working with artists to help them connect with fans through live shows. Receive 15% Off Your Purchase. 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? Australia has won a sixth Women's T20 World Cup title after defeating South Africa by 19 runs at Newlands on Sunday, with an unbeaten half-century from Player of the Match . Adjustment to estimated additional future refunds from Live Nation-held cash. 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. For the past 12 years Live Nation has operated under a Consent Decree that among other things seeks to prevent anticompetitive leveraging of Live Nation promoted content to advantage Ticketmaster. Print your tickets from home or pick them up at the event. 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. Best Live Nation Coupon Codes & Deals. The deal has 36 artists participating . Its sponsorship revenue is up 64% to around $1 billion, and its ticketing fee-bearing gross transaction value is up 54% to $27.5 billion. 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. But, that didn't appear to work in several cases. We use free cash as a proxy for how much cash we have available to, among other things, optionally repay debt balances, make acquisitions and fund revenue generating capital expenditures. Live Nation took a hard hit during the pandemic and was forced to cancel all its tours. Ticketmaster learned "valuable lessons" when the Taylor Swift concert tickets sale last year was disrupted by record bot traffic, the parent company will tell a U.S. Senate committee on Tuesday. Fans around the world continue prioritizing their spend on live events, particularly concerts. The "Eras" tour could break Swift's own record for gross ticket sales in North America. 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. Regarding ticketing reforms and clearly referencing the debacle surrounding the Taylor Swift Eras tour on-sale, which left many fans waiting online for hours without receiving tickets, as well as the still-booming secondary market he continued, We believe that greater transparency on the entire ticketing ecosystem will improve the industry, and we have been engaging with policymakers to advocate for reforms. Cash from shows that played off (841) Estimated refunds from Live Nation cash (174) Other / Net. Twelve days of fun ending at Labor Day. Simply apply Live Nation promo codes to your ticket order for instant gratification. If you arent sure what event you want to attend or want to research events happening at your upcoming vacation destination, you can research events through livenation.com. Buy Live Nation - Eventer tickets from the official Ticketmaster.ca site. By continuing past this page, you agree to our terms of use. Its only fair that they create their ticketing rules, too. The company also had to endure a January Senate hearing with the Judiciary Committee. No serious argument can be made that Ticketmaster has the kind of market position in secondary ticketing that supports antitrust claims. Live Nation Unloads Heavily Discounted Tickets On Groupon Amid Crowded 2022 Concert Calendar Halsey, Rod Stewart, Big Time Rush, and More. Sign up for email updates from Live Nation. 44 Concerts Rocked the 2022 Season! Explore HARDY tour schedules, latest setlist, videos, and more on livenation.com "Daily reminder that Ticketmaster is a monopoly," Rep. Alexandria Ocasio-Cortez, D-N.Y., wrote in a Tweet Tuesday. Key Background. All Rights Reserved. Live Nation wishes to caution you that there are some known and unknown factors that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements, including but not limited to operational challenges in achieving strategic objectives and executing on the companys plans, the risk that the companys markets do not evolve as anticipated, the potential impact of any economic slowdown and operational challenges associated with selling tickets and staging events. 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]. Then click "See Details" to get to the "Event Details" page. 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. UPDATED: Parent firm's lengthy statement asserts Ticketmaster 'invests in technology' and 'does not set or control ticket prices'. ', 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? Ticketmaster does not set or control ticket prices, strongly advocates for all-in pricing so that fans are not surprised by what tickets really cost, and is the undisputed market leader in ticket security and fighting bots. Value 38. All Rights Reserved. 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. If you need further assistance, we'll transfer you to an agent. On the "My Events" page, choose the order you need help with. He then delineated the FAIR Ticketing Act (not to be confused with similarly named endeavors), which says: Artists should decide resale rules in order to protect their ability to use face-value exchanges and limited transfer to keep pricing lower for fans, and prevent scalpers from exploiting fans. The biggest challenge facing the industry is chaos at the onsale, where fans cannot get the tickets at the price the artist sets, yet they see pages of secondary sites with tickets 5 times face value because of scalpers. Yes, I want to receive email updates from Live Nation . "We couldnt be more excited to get back out on the road," said Zac Brown. Whatever your interests are, your tickets are easy to buy online with livenation.com. Good Days. 2023 Variety Media, LLC. 2023 Minnesota State Fair Dates: Aug. 24 to Labor Day, Sept. 4 As we have stated many times in the past, Live Nation takes its responsibilities under the antitrust laws seriously and does not engage in behaviors that could justify antitrust litigation, let alone orders that would require it to alter fundamental business practices. Includes: Entry to concerts at your selected venue* Seamless venue entry using Fast Lane** General parking** Platform integrations have been our greatest growth driver with online partnerships, as we continue to drive value and monetize opportunities via Ticketmasters purchase process, with non-service fee revenues up double-digits relative to 2019. Participating artists include some of todays biggest acts across genres including Country, Hip-Hop, Latin, Metal, Pop, Rock, and more. Fee-bearing tickets sold above are net of refunds of 4.6million and 5.9million tickets for the three months ended September30, 2022 and 2021, respectively, and 15.0million and 13.0million for nine months ended September30, 2022 and 2021, respectively. 24 Feb 2023 20:56:07 It . There never has been and is not now any evidence of systemic violations of the Consent Decree. Encore. Tickets are available on a first-come, first-served basis while supplies last. 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. It remains against Live Nation policy to threaten venues that they wont get Live Nation shows if they do not use Ticketmaster, and Live Nation does not re-route content as retaliation for a lost ticketing deal. Latest Setlist Modest Mouse on December 20, 2022. We've received your submission. 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. 2023 Live Nation Worldwide, Inc. All rights reserved. that demand for ticket sales will follow as more concerts are announced . If you don't have an account, you'll be prompted to create one. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. Activists have accused Ticketmaster and Live Nation of abusing their market power and called for the company to be broken up. The verified fan program, which was established in 2017, was designed to keep tickets in the hands of actual fans and not resellers. For a limited time only next week, fans will have access to exclusive $20 tickets to participating Live Nation shows, including taxes and fees. Live Nation delivered the biggest summer concert season in history and drove a record quarter. Data is a real-time snapshot *Data is delayed at least 15 minutes. Live Nation Entertainment, Inc. At the same time, ticket prices for concertsskyrocketed,as recent reports have shown. 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. GTV growth was strong across both our primary and secondary markets, up 61% and 132%, respectively. ', 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'. 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. 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." Live Nation, Ticketmaster may need breakup, some senators say Reuters [1/2] Taylor Swift poses on the red carpet for the 2022 MTV Europe Music Awards (EMAs) at the PSD Bank Dome in Duesseldorf . Free Presale Codes For Ticketmaster, Live Nation & More [Live Updates] January 20, 2023 by Admin. 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. "Consumers deserve better than this anti-hero behavior.". Enjoy 10% Off Your Ticket Purchase To The Wiggles Big Birthday Event. 594-3708 GROUP SALES : (228) 287-7825 (MS Surge Hockey Office) Venue Seat Map. 15% OFF. Qualifying wireless plan required. This has been a big topic in the industry and conversations at the Pollstar Live conference this week focused on how to protect the connection between artists and their fans. Live Nation is sweetening the deal for some fans, selling $20 tickets for 1,000 upcoming shows across the U.S., the major concert promoter announced Thursday. Service 41. See the2021 numbersat this link. On Thursday, about a month after the committee hearing, Senators Amy Klobuchar and Mike Lee wrote a letter recommending that the Department of Justice continue examining Live Nation and its potential anti-competitive practices. Driven by such major forthcoming tours by Beyonce, Taylor Swift, Bruce Springsteen, Madonna and others, its outlook for 2023 is even stronger, with concert ticket sales over 50 million, up 20% with international up 25%; ticketing fee-bearing gross transaction value up 33% to $9.8 billion; and committed sponsorship for the year up double-digits, with over 70% of 2023 revenue committed. For full year 2022, Live Nation . Live Nation refers you to the documents it files from time to time with the U.S. Securities and Exchange Commission, or SEC, specifically the section titled Item 1A. Then keep your eyes peeled for the unique presales they share with our social communities. Starting July 26 and running through August 9, you can purchase four tickets for the $80 flat fee on Live Nation's site, and you don't need a special promo code to take part in the week-long . Finding codes to buy early concert tickets should be easy! Interested parties should visit the News / Events section of the companys website at investors.livenationentertainment.comto listen to the webcast. 1 Personalized pass that acts as your ticket to the Allegiant.com lawn for Blossom Music Center's 2023 season*. Representatives from Live Nation did not immediately respond to CNBC's request for comment. "Its merger with LiveNation should never have been approved, and they need to be reigned in. The A.V. 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