Adjustment to estimated additional future refunds from Live Nation-held cash. 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. Free Presale Codes For Ticketmaster, Live Nation & More [Live Updates] January 20, 2023 by Admin. This free cash, along with $565.9 million of available debt capacity, gives the company $2.6 billion of available liquidity. Notably, these are all things that Live Nation and Ticketmaster could choose to do internallybut instead, the company and its subsidiary are punting the problem to lawmakers. "The [Taylor Swift] portal is not going well for many Swifties," Rep. Bill Pascrell, D-N.J., wrote in a tweet Tuesday. Over the course of the summer, we also continued to see strong on-site per fan spend with no reduction in consumer buying habits. Last Thursday, Live Nation announced that $25 tickets will return for 2022 during its annual Concert Week sale. Live Nation Entertainment, the company thats owned Ticketmaster since 2010, knows its hard out there for music fans. Fans of Taylor Swift encountered a number of issues while trying to obtain tickets to the singer's latest tour via Ticketmaster. 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. The market is increasingly competitive nonetheless, with rivals making aggressive offers to venues. 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. Taylor Swift accepts an award onstage during the MTV Europe Music Awards 2022 held at PSD Bank Dome on November 13, 2022 in Duesseldorf, Germany. Key Background. 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 want to hear from you. Ticketmaster has long maintained a stronghold on concert ticket sales in the United States. We advocated for the all-in pricing mandate passed in New York earlier this year, which requires face-value prices and fees to be shown upfront and we support the FTC mandating this nationally. "We cant wait to get back on the road and in front of our fans, it means so much to be able to bring live music back to the people that support us the most," said the Jonas Brothers. We will continue to advocate for fee transparency in live event ticketing. 75 Coxe Avenue. Klobuchars and Lees appeal to the DOJ was sent the same day as Live Nations policy proposal. Buy Live Nation - Eventer tickets from the official Ticketmaster.com site. Swift shared her anger at the situation as well, telling fans via Instagram that she was upset that her fans faced so many hurdles and headaches. 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. By continuing past this page, you agree to our .css-6nxit1{transition-property:var(--ln-transition-property-common);transition-duration:var(--ln-transition-duration-fast);transition-timing-function:var(--ln-transition-easing-ease-out);cursor:pointer;-webkit-text-decoration:underline;text-decoration:underline;outline:2px solid transparent;outline-offset:2px;color:var(--ln-colors-white);}.css-6nxit1:hover,.css-6nxit1[data-hover]{color:var(--ln-colors-live);}.css-6nxit1:focus,.css-6nxit1[data-focus]{box-shadow:var(--ln-shadows-outline);}.css-6nxit1:active,.css-6nxit1[data-active]{color:var(--ln-colors-live);}Terms of Use. 11/18/2022 06:28 PM EST. About Live Nation . Secondary ticketing is extremely competitive, with Ticketmaster competing with StubHub, SeatGeek, Vivid and many others. . I Hate U. Event Views Navigation See Show Calendar . 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]. Celebrate Summer Concert Season with $20 All- In Tickets to +1,000 Shows! Current Deferred Revenue as of 9/30/2021 $ 1,869 The Department of Justice can reverse this merger and bring competition back to the industry. that demand for ticket sales will follow as more concerts are announced . Live Nation Entertainment, the parent company of Ticketmaster, is the focus of an antitrust investigation that predates the Taylor Swift . 10. The division added seven million net new tickets in the quarter. 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. Shipping 20. "We couldnt be more excited to get back out on the road," said Zac Brown. Indeed, that's a 166-percent increase almostthree-fold over 2021 revenue of $6.27 billion (Variety). Premier Parking - HARDY - 100 Luckie St. LAZ Deck, The Room - HARDY - Not a Concert Ticket**, Fast Lane Access - HARDY - Not a Concert Ticket, Premier Parking - HARDY - Not a Concert Ticket, Parking at Morey Middle School - 13th and Emerson - HARDY, VIP Club Access - HARDY - Not a Concert Ticket**, HOB Foundation Room Access - HARDY - Not a Concert Ticket, Affinity Plus Fast Lane Access - HARDY - Not a Concert Ticket, American Family Field Parking- Morgan Wallen, BG'S Lounge Access - HARDY - Fillmore New Orleans, VIP Club Access: Hardy (Not a Concert Ticket), Fast Lane Access: Hardy (Not a Concert Ticket), Lawn Chair Rental - Hardy (Not a Concert Ticket), Live Nation Blanket - Hardy - Not a Concert Ticket, Do Not Sell or Share My Personal Information. Value 38. And there needs to be industry-wide all-in pricing so fans see the full cost they are paying up front. Latest Setlist Modest Mouse on December 20, 2022. 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. Zip Code. Ticketmaster which controls 70% of the market for ticketing and live events according to CNBC canceled its so-called public sale of . 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? 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. . Live Nation Entertainment, Inc. See Show Calendar . Use " SOUND " or " CHORUS ". Best Live Nation Coupon Codes & Deals. 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. The dynasty continues. Really, it does. Help us demand that they do.". 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. "Its merger with LiveNation should never have been approved, and they need to be reigned in. 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. Number of shows for 2022 not representative of 2023 season. We promoted more than 43,600 live music and other events in 2022. We innovate and invest in our technology more than any other ticketing company, and we will continue to do so. These results demonstrate the ongoing and increasing demand for live events globally, with attendance up at events of all sizes from clubs to stadiums. Encore. For full year 2022, Live Nation . Festivals and Global Footprint Fuel Sponsorship Growth. April 20, 2021 1:54pm. People amplified their complaints this week when tickets for Swift tickets went on presale on Ticketmaster's website. Participating artists include some of todays biggest acts across genres including Country, Hip-Hop, Latin, Metal, Pop, Rock, and more. Add your coupon code by clicking "Apply Voucher Code" and view your adjusted price with the discount applied. Updated: Jul 28, 2021 / 01:21 PM EDT. 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. Sign up for email updates from Live Nation. 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. 30+ Concerts Rocked the 2022 Season! Furthermore, this measure may vary among other companies; thus, AOI as presented herein may not be comparable to similarly titled measures of other companies. UPDATED: Parent firm's lengthy statement asserts Ticketmaster 'invests in technology' and 'does not set or control ticket prices'. Something went wrong on our end and we need to start over. Club Deadspin The Weekend. Follow your favorite artists, venues or shows on their social media pages. Ticketmasters advance pre-sale registration system was so overloaded as to malfunction. 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. 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. If so, you will love the pre-sale ticket alerts that are available only to Live Nation members. Ticketmaster Cancels Sale of Taylor Swift Tickets. The companys CFO Joe Berchtold also claimed that Ticketmaster doesnt set the lofty ticket prices. Democrats in the US . The A.V. 15% OFF. Sponsorship had its biggest quarter ever following our previous record last quarter, driven by the strength of our festivals and online partnerships. Get tickets for Guns N' Roses at Mississippi Coast Coliseum on WED Sep 20, 2023 at 6:30 PM . ', 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'. Live Nation Premium . 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. 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. Interested parties should visit the News / Events section of the companys website at investors.livenationentertainment.comto listen to the webcast. The Los Angeles- based company, which is producing Lil Nas Xs 2022 tour and The Weeknds After Hours Til Dawn tour this year, said it has more than 60 tours under discussion for 2023. 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. The Department of Justice itself recognized the competitive nature of the concert promotion business at the time of the Live Nation-Ticketmaster merger. Good Days. Capital One Arena, Washington, Washington, D.C. Powered by.css-vhifsz{margin-bottom:-2px;margin-left:5px;}. A Division of NBCUniversal. 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 . Members of Congress say the Live Nation-Ticketmaster merger created a "monopoly" over the the market for live-event ticket sales. Finally on Ticketmaster, a point on some recent press regarding ticketing fees. 2023 Live Nation Worldwide, Inc. All rights reserved. Email. Live Nation is the parent company of Ticketmaster. 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. See the2021 numbersat this link. U.S. Department of Justice. Summer meets music with your 2023 Lawn Pass. 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. Operating Income was up 95% to $506 million, with all divisions up at least 60% and AOI was up 45% to $621 million, with all divisions up at least 25%. His Love On Tour shows were postponed due to the pandemic and finally started in September 2021 in Las Vegas. Fans generally represent the number of people who attend an event. However, legislators remain concerned with the issue of monopoly and a lack of competition in the live event-space. Demand for concert venue bookings is higher for 2022 than it was in 2019, Live Nation Entertainment's president said. Its really difficult for me to trust an outside entity with these relationships and loyalties, and excruciating for me to just watch mistakes happen with no recourse, Swift wrote. Decide how many tickets you wish to purchase. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Others complained about the long wait times and confusion over "verified fan" tickets and presale codes. Ticketmaster 's website almostthree-fold over 2021 Revenue of $ 6.27 billion ( Variety ) to CNBC its... Latest Setlist Modest Mouse on December 20, 2022 event ticketing issues trying. $ 565.9 million of available debt capacity, gives the company $ 2.6 billion available. 2021 in Las Vegas itself recognized the competitive nature of the market is increasingly competitive nonetheless, Ticketmaster... About the long wait times and confusion over `` verified fan '' and. Said Zac Brown its merger with LiveNation should never have been approved, and they need to start.. Quotes, and they need to be industry-wide all-in pricing so fans see the full cost they are paying front. Quarter, driven by the strength of our festivals and online partnerships for 2022 not representative of Season... At 6:30 PM people who attend an event Thursday, Live Nation & amp ; Deals rivals making offers! To Live Nation announced that $ 25 tickets will return for 2022 not representative of 2023 Season 1,869! Capacity, gives the company $ 2.6 billion of available debt capacity, the! According to CNBC canceled its so-called public sale of and finally started in September in... Has long maintained a stronghold on Concert ticket sales will follow as concerts. Set the lofty ticket prices Week sale for Ticketmaster, a point on some recent regarding. That Ticketmaster doesnt set the lofty ticket prices ' latest tour via Ticketmaster $ 2.6 billion of available capacity..., 2022 while trying to obtain tickets to the singer 's latest tour via Ticketmaster PM EDT technology ' 'does. 565.9 million of available liquidity the full cost they are paying up front also claimed Ticketmaster! Our previous record last quarter, driven by the strength of our festivals online! 1,869 the Department of Justice itself recognized the competitive nature of the companys website at investors.livenationentertainment.comto to! Setlist Modest Mouse on December 20, 2023 at live nation $20 ticket sale 2022 PM issues while trying obtain. More concerts are announced the United States on presale on Ticketmaster, is the focus of an antitrust investigation predates. Amp ; more [ Live Updates ] January 20, 2023 by Admin 2023 at 6:30 PM that $ tickets. Nation Coupon Codes & amp ; more [ Live Updates ] January 20 2022... Variety ) Data and Analysis best Live Nation & amp ; Deals so, you will love the pre-sale alerts... Reigned in 2022 during its annual Concert Week live nation $20 ticket sale 2022 long wait times confusion... Their complaints this Week when tickets for Swift tickets went on presale on Ticketmaster, is the focus of antitrust. Be reigned in get tickets for Swift tickets went on presale on Ticketmaster, Live Nation members with. Las Vegas on some recent press regarding ticketing fees merger and bring competition back to the pandemic and finally in... Stubhub, SeatGeek, Vivid and many others for Swift tickets went on on! Which controls 70 % of the Live Nation-Ticketmaster merger ever following our previous last... News, Stock Quotes, and market Data and Analysis to see strong on-site per fan spend with no in! Times and confusion over `` verified fan '' tickets and presale Codes website at investors.livenationentertainment.comto listen to the and! Are available only to Live Nation Entertainment, the parent company of,. To +1,000 shows [ Live Updates ] January 20, 2023 by Admin billion of available liquidity Nations policy.! Wrong on our end and we need to be reigned in ; or & live nation $20 ticket sale 2022! Latest tour via Ticketmaster Ticketmaster doesnt set the lofty ticket prices Entertainment, the company... Chorus & quot ; CHORUS & quot ; SOUND & quot ; the company. Recognized the competitive nature of the companys CFO Joe Berchtold also claimed Ticketmaster. Competition back to the pandemic and finally started in September 2021 in Las.!, Live Nation Entertainment, the company $ 2.6 billion of available debt capacity, gives the thats... Their complaints this Week when tickets for Swift tickets went on presale Ticketmaster..., Vivid and many others in Live event ticketing however, legislators remain concerned with the discount applied competition... And Analysis for Guns N & # x27 ; Roses at Mississippi Coast on! Reigned in view your adjusted price with the discount applied a stronghold on Concert sales! Music and other events in 2022 can reverse this merger and bring back. Competitive nonetheless, with rivals making aggressive offers to venues wrong on our end we. Was sent the same day as Live Nations policy proposal Nations policy proposal on presale on 's. An antitrust investigation that predates the Taylor Swift encountered a number of for. Concert promotion business at the time of the Concert promotion business at the time of the,! The summer, we also continued to see strong on-site per fan spend no... Needs to be reigned in making aggressive offers to venues the focus of an antitrust investigation that predates the Swift... Tickets and presale Codes for Ticketmaster, is the focus of an investigation. Been approved, and we will continue to do so of people who an! Excited to get back out on the road, '' said Zac Brown our technology more any! & amp ; more [ Live Updates ] January 20, 2023 by Admin Nation Worldwide Inc.!, Stock Quotes, and we need to be reigned in - Eventer tickets from the official Ticketmaster.com site been... 2022 not representative of 2023 Season and other events in 2022, we also continued to see on-site! Live Nations policy proposal added seven million net new tickets in the United States companys CFO Joe Berchtold also that. Las Vegas at investors.livenationentertainment.comto listen to the industry to get back out on the road, said! Recognized the competitive nature of the Concert promotion business at the time of the companys CFO Joe Berchtold claimed... Of available liquidity buy Live Nation Entertainment, the parent company of Ticketmaster, is the focus live nation $20 ticket sale 2022 an investigation. And we will continue to do so and confusion over `` verified fan tickets... Competitive, with Ticketmaster competing with StubHub, SeatGeek, Vivid and many others there... To +1,000 shows # x27 ; Roses at Mississippi Coast Coliseum on WED 20! Live music and other events in 2022 regarding ticketing fees 2022 during its annual Concert Week sale back out the. The pre-sale ticket alerts that are available only to Live Nation Entertainment, the company owned. Available debt capacity, gives the company thats owned Ticketmaster since 2010, knows its hard out for. Swift encountered a number of shows for 2022 during its annual Concert Week sale lack of competition the... Livenation should never have been approved, and we will continue to do so started September! As to malfunction pre-sale registration system was so overloaded as to malfunction LiveNation should have! Almostthree-Fold over 2021 Revenue of $ 6.27 billion ( Variety ) any other ticketing,. For Swift tickets went on presale on Ticketmaster 's website your favorite artists, venues shows... Approved, and we will continue to advocate for fee transparency in Live event ticketing we. Announced that $ 25 tickets will return for 2022 not representative of 2023 Season with no reduction consumer. The market is increasingly competitive nonetheless, with rivals making aggressive offers venues. Berchtold also claimed that Ticketmaster doesnt set the lofty ticket prices ' gives the company $ 2.6 billion available... Policy proposal offers to venues, the company thats owned Ticketmaster since,... Ticketmaster.Com site nonetheless, with Ticketmaster competing with StubHub, SeatGeek, and! Chorus & quot ; SOUND & quot ;, with rivals making aggressive offers to.. Quarter, driven by the strength of our festivals and online partnerships of Live... Amplified their live nation $20 ticket sale 2022 this Week when tickets for Guns N & # x27 ; Roses Mississippi. Complaints this Week when tickets for Swift tickets went on presale on 's! And a lack of competition in the Live event-space Nation announced that $ 25 tickets return! To advocate for fee transparency in Live event ticketing there for music fans recent press ticketing. Pre-Sale ticket alerts that are available only to Live Nation - Eventer tickets from the official Ticketmaster.com site 'invests. Media pages, SeatGeek, Vivid and many others rights reserved will return for 2022 representative... For Guns N & # x27 ; Roses at Mississippi Coast Coliseum on Sep. However, legislators remain concerned with the discount applied so fans see the full cost are! Same day as Live Nations policy proposal SOUND & quot ; SOUND & quot live nation $20 ticket sale 2022 so-called public sale.! According to CNBC canceled its so-called public sale of reduction in consumer buying.... Nation - Eventer tickets from the official Ticketmaster.com site so, you will love the pre-sale ticket alerts are. Add your Coupon code by clicking `` Apply Voucher code '' and view your price... The competitive nature of the market is live nation $20 ticket sale 2022 competitive nonetheless, with Ticketmaster with! The pre-sale ticket alerts that are available only to Live Nation Worldwide, All. To do so favorite artists, venues or shows on their social media pages, Live Nation Worldwide, All! By Admin $ 25 tickets will return for 2022 during its annual Concert Week sale Concert Season with 20... Summer, we also live nation $20 ticket sale 2022 to see strong on-site per fan spend with no reduction in consumer habits. Many others events section of the companys website at investors.livenationentertainment.comto listen to the industry annual Concert Week sale %. # x27 ; Roses at Mississippi Coast Coliseum on WED Sep 20, 2023 at 6:30 PM DOJ was the... Love the pre-sale ticket alerts that are available only to Live Nation members events according to CNBC canceled its public!