2023 CNBC LLC. Use " SOUND " or " CHORUS ". By continuing past this page, you agree to our terms of use. 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. Find P!NK tickets on Australia | Videos, biography, tour dates, performance times. Overall, quarterly revenue at Live Nation, which runs music festivals like Lollapalooza and Governors Ball, jumped to $1.8 billion . 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. 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. A ticket will gain entrance to both volleyball matches and the concert. See Show Calendar . Twelve days of fun ending at Labor Day. All Rights Reserved. Others complained about the long wait times and confusion over "verified fan" tickets and presale codes. Check out available shows here. Really, it does. Demand for concert venue bookings is higher for 2022 than it was in 2019, Live Nation Entertainment's president said. 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. "Its merger with LiveNation should never have been approved, and they need to be reigned in. 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. 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. 10% OFF. Find concert tickets for Thomas Rhett upcoming 2023 shows. Theyre absolutely making an effort to expand representation, said Etheridge, who added that shes wanted to play Stagecoach for years. Aslow return of showsin 2021 and a bustling 2022lent to the sum. Ticketmaster was supposed to open up sales for 1.5 million verified Taylor Swift fans last month ahead of general public ticket sales. Email. All Rights Reserved. Enjoy 10% Off Your Ticket Purchase To The Wiggles Big Birthday Event. Whatever your interests are, your tickets are easy to buy online with livenation.com. We will always be on the side of the artist, who are the best advocates for their careers and their fan base.. Qualifying wireless plan required. 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. Are you always the last in line to grab tickets for concerts and other live events? You are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date on which they are made. 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. Tickets are available on a first-come, first-served basis while supplies last. Discount. Find Australia and international concert tickets, tour dates, seating maps and show information on LiveNation.com.au, the world's largest concert search engine. As a result, our ticketing revenue was $2.2 billion, up 45% vs 2019. Updated. Forward-Looking Statements, Non-GAAP Financial Measures and Reconciliations: Certain statements in this press release, including the Supplemental Information that follows, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. At the same time, our operated venues successfully hosted more fans, with attendance up 14% relative to Q3 2019 to 19 million fans for the quarter, and 38 million fans year-to-date. Getty Images. Festivals and Global Footprint Fuel Sponsorship Growth. We want to hear from you. Variety and the Flying V logos are trademarks of Variety Media, LLC. Ticketmaster is also the most transparent and fan-friendly ticketing system in the United States. The non-fee-bearing tickets estimated above include primary tickets sold using our Ticketmaster systems, through season seat packages and our venue clients box offices, along with tickets sold on our do it yourself platform. Furthermore, this measure may vary among other companies; thus, free cash as presented herein may not be comparable to similarly titled measures of other companies. Senators alike. 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. Last Thursday, Live Nation announced that $25 tickets will return for 2022 during its annual Concert Week sale. Ancillary per fan spending was up 20 to 30% year-to-date relative to 2019 in our operated venues across the U.S. and Europe. The bargain tickets are available exclusively between May 4 and May 10. Current Deferred Revenue as of 9/30/2021 $ 1,869 As a result, the company said it has already sold 90% of its planned sponsorship for 2022. 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. The Lonesome Crowded West Tour (2022) 9:30 Club, Washington, Washington, D.C. Set 1; 1. Participating artists celebrating the Return to Live concerts include: About Live Nation EntertainmentLive Nation Entertainment (NYSE: LYV) is the worlds leading live entertainment company comprised of global market leaders: Ticketmaster, Live Nation Concerts, and Live Nation Sponsorship. Live Nation delivered the biggest summer concert season in history and drove a record quarter. 5 years ago tickets were paper, now you scan in with your phone, and can transfer tickets to your friend with one tap. Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. This will be our 15th . Members of Congress say the Live Nation-Ticketmaster merger created a "monopoly" over the the market for live-event ticket sales. The market is increasingly competitive nonetheless, with rivals making aggressive offers to venues. 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. Concerts drove 80% of the growth in primary GTV while concerts and sports together accounted for over 90% of our secondary GTV growth. 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 . 1 Personalized pass that acts as your ticket to the Hackensack Meridian Health Lawn for PNC Bank Arts Center's 2023 season*. Our sponsorship revenue growth has been broad-based, with North America up 48% and International sponsorship up 93% year-to-date. Indeed, that's a 166-percent increase almostthree-fold over 2021 revenue of $6.27 billion (Variety). And we see strong demand both on-site and online, up 64% and 63%, respectively this year, as our unique scaled live events platforms continue to attract new brands and expand relationships with current partners. ', 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? Cash from shows that played off (841) Estimated refunds from Live Nation cash (174) Other / Net. As a result, we have contracted 19 million net new tickets so far this year on a global basis. 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? LiveNation has a consumer rating of 1.4 stars from 106 reviews indicating that most customers are generally dissatisfied with their purchases. Most ticket sales are final, but refunds are issued occasionally for select events. 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. 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. Adjustment to estimated additional future refunds from Live Nation-held cash. 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. Email. Events and fan attendance metrics are estimated each quarter. 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. 2. . We may earn a commission from links on this page. 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. 27. With Giving Assistant, you have access to the most recent Live Nation coupons, making it more affordable to get out of the house and have a little fun. 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. We've received your submission. A select number of fans, 1.5 million, were chosen to get access to tickets . 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. Ticketmasters advance pre-sale registration system was so overloaded as to malfunction. At this point, all top 10 months occurred within the past year. 2023 Live Nation Worldwide, Inc. All rights reserved. It . 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. The Department of Justice can reverse this merger and bring competition back to the industry. AOI is not calculated or presented in accordance with GAAP. Comes with twelve different courses comprised of a huge number of lessons, and each one will help you learn more about Python itself, and can be accessed when you want and as often as you want forever, making it ideal for learning a new skill. Yes, I want to receive email updates from . 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). 01 March 2023 - 11:54. 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. Includes: Entry to concerts at your selected venue* Seamless venue entry using Fast Lane** General parking** 29. Service 41. Live Nation, which includes the ticket retailer Ticketmaster, reported its fourth-quarter earnings on Thursday (Feb. 23), showing its total 2022 revenue reached a record $16.7 billion, according toBillboard. On the "My Events" page, choose the order you need help with. 474. Moving on to the earnings report, Live Nations 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 operating income up 49% to over $1.4 billion. As part of Live Nations quarterly earnings report on Thursday, the company also announced its support for what its calling a FAIR Ticketing Act. In a separate blogpost, the entertainment goliath outlined a set of proposed legislative reforms. . 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. 45 Million Tickets Already Sold for 2022 Shows, with Pricing on Top 10 Tours Up Over 20% (vs 2019) Sponsorship Commitments Up Double-Digits Relative to 2019, Already Over 80% Sold For Year Live Nation Entertainment, Inc. (NYSE: LYV) today released financial results for the quarter and full year ended December 31, 2021. 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. This demand remained strong throughout the quarter, as two of the three months were amongst the top 10 transacted GTV (excluding refunds) months ever. The Great Minnesota Get-Together. Ticketmaster has long faced criticism and scrutiny of its business practices and the fees added on to each transaction. Clearly 2022 has been an incredible year of returning to live events, and we expect it to finish strong. Ticket sales for shows in 2023 are pacing even stronger than they were heading into 2022, up double-digits year-over-year, excluding sales from rescheduled 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. Search for Events by Keyword. 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. Pick your preferred seat (from an interactive seating chart that allows you to see exactly where each seat is located). Buy Live Nation - Eventer tickets from the official Ticketmaster.com site. Our Virtual Assistant is available 24/7 to answer many of your questions. Live Nation Entertainment, the parent company of Ticketmaster, is the focus of an antitrust investigation that predates the Taylor Swift . "I've long urged DOJ to investigate the state of competition in the ticketing industry," he added. Still, given the lead time artists need to prepare and promote larger arena tours, most of those shows are slated for 2022, at which point Live Nation says it expects a lucrative post-pandemic . Number of shows for 2022 not representative of 2023 season. American Express, Citi, and Chase cardholders. Find concert tickets for HARDY upcoming 2023 shows. We promoted more than 43,600 live music and other events in 2022. Available Now through August 1 on participating shows. A Division of NBCUniversal. A replay of the webcast will also be available on the Live Nation website. Shipping 20. President and Chief Executive Officer Get exclusive access to see your favorite artists live, including tours, festivals, Vegas residencies, and amphitheater shows. A limitation of the use of FCF as a performance measure is that it does not necessarily represent funds available for operations and is not necessarily a measure of our ability to fund our cash needs. The verified fan program, which was established in 2017, was designed to keep tickets in the hands of actual fans and not resellers. BEVERLY HILLS, Calif., July 22, 2021 /PRNewswire/ Today Live Nation announced it is celebrating the Return to Live concerts this summer by offering fans $20 all-in tickets to nearly 1,000 shows this year. The company also had to endure a January Senate hearing with the Judiciary Committee. Select your desired concert/event city and date. Club Deadspin Amortization of non-recoupable ticketing contract, The company currently expects capital expenditures for the full year to be approximately. that demand for ticket sales will follow as more concerts are announced . Find Live Nation - Eventer tour schedule, concert details, reviews and photos. However, legislators remain concerned with the issue of monopoly and a lack of competition in the live event-space. Greg Maffei, who also chairs Live Nation's board of directors, said Ticketmaster opened pre-sale access to 1.5 million "verified" Taylor Swift fans, fans who are selected to receive pre-sale . See Show Calendar . 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. Max four tickets per Offer Passcode. Live Nation, which merged with Ticketmaster in 2010, has faced longstanding criticisms about its size and power in the entertainment industry. Description. The Live Nation and Ticketmaster monopoly, a coalition of activists called "Break Up Ticketmaster. Artists create their music and their concerts, Rapino concluded. Selling speculative tickets should be illegal so scalpers cannot use deceptive tactics to trick fans into spending more or buying tickets the seller does not actually have. 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. We present constant currency information to provide a framework for assessing how our underlying businesses performed excluding the effect of foreign currency rate fluctuations. 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. 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. Ticketmaster. Ticket buyers immediately turned to social media to complain after thewebsite appeared to crash or freeze during purchases, leaving many unable to get tickets for the show. 40 Concerts Rocked the 2022 Season! Buy tickets for upcoming concerts, music festivals and more of your favorite artist touring. Similarly, Sen. Richard Blumenthal, D-Conn., called Swift's tour sale "a perfect example of how the Live Nation/Ticketmaster merger harms consumers by creating a near-monopoly," in a Tweet posted Tuesday. Thats why the company, which faced massive public pushback earlier this year in the aftermath of a Taylor Swift ticket sale meltdown, has proposed a (kind of) solution. 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 . November 18, 2022 10:44am. $ 2,018.3. Events generally represent a single performance by an artist. Then keep your eyes peeled for the unique presales they share with our social communities. Then click "See Details" to get to the "Event Details" page. We need the entire industry and policymakers to stand up for fans and artists.. Harry is equally renowned as an incredible live performer. Get tickets for Guns N' Roses at Mississippi Coast Coliseum on WED Sep 20, 2023 at 6:30 PM. Fan demand for live events was also clear in our ticketing business, as we transacted $6.7 billion of fee-generating GTV on 71 million tickets, up 69% and 42% respectively, relative to Q3 2019. Free cash. The deal has 36 artists participating . 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. Sign up for email updates from Live Nation. April 20, 2021 1:54pm. PRESALES: Citi is the official card of P!NK's Summer Carnival 2023 Stadium Tour. All Rights Reserved. The venues in your area also host presales . Variety is a part of Penske Media Corporation. 1 Personalized pass that acts as your ticket to the Allegiant.com lawn for Blossom Music Center's 2023 season*. 2023 Minnesota State Fair Dates: Aug. 24 to Labor Day, Sept. 4 Social Media Presale. You'd think all these service and convenience fees could go to a working website.". Value 38. Jon Pardi The full Stagecoach Country. If you cannot attend an event after purchasing tickets, contact Live Nation. During that hearing, Live Nation blamed the proliferation of ticket-buying online bots and scalpers for its failure to adequately meet customer needs. Number of shows for 2022 not representative of 2023 season. Shipping is not applicable to online ticket purchases. No serious argument can be made that Ticketmaster has the kind of market position in secondary ticketing that supports antitrust claims. People amplified their complaints this week when tickets for Swift tickets went on presale on Ticketmaster's website. See Live Nation's 2022 financial results at this link. Secondary ticketing is extremely competitive, with Ticketmaster competing with StubHub, SeatGeek, Vivid and many others. Zip Code. Free Presale Codes For Ticketmaster, Live Nation & More [Live Updates] January 20, 2023 by Admin. 15% OFF. See Show Calendar . Activists and lawmakers are renewing calls to split Ticketmaster and Live Nation after a fiasco over ticket sales for the pop superstar's upcoming "Eras" tour, which is slated to kick off in March. 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. "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." Interested parties should visit the News / Events section of the companys website at investors.livenationentertainment.comto listen to the webcast. 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. Got a confidential news tip? Klobuchars and Lees appeal to the DOJ was sent the same day as Live Nations policy proposal. In recent months, the corporate concert giant has faced widespread critique and questioning from T-Swift stans on TikTok and U.S. 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. Tickets to the outdoor match will not be part of the Nebraska volleyball season-ticket package and must be purchased separately. All subsequent written and oral forward-looking statements by or concerning Live Nation are expressly qualified in their entirety by the cautionary statements above. We may earn a commission from links on this page. Break them up.". Ticketmaster Cancels Sale of Taylor Swift Tickets. Looking ahead, Live Nation said it expects a strong year as over 70 million tickets have now been sold for shows in 2022, which accounts for a 36% jump over the same period in 2019. This free cash, along with $565.9 million of available debt capacity, gives the company $2.6 billion of available liquidity. Three-day passes for the country festival begin at $389 with VIP, camping and parking passes also available. Tickets will be $25 for adults and $5 for high school age and under. Over the course of the summer, we also continued to see strong on-site per fan spend with no reduction in consumer buying habits. BEVERLY HILLS, Calif., July 22, 2021 /PRNewswire/ Today Live Nation announced it is celebrating the Return to Live concerts this summer by offering fans $20 all-in tickets to nearly 1,000 shows this year. Buy Live Nation - Eventer tickets from the official Ticketmaster.ca site. And in ticketing, we expect to benefit from these market pricing trends, while also continuing to globally add new clients to our world-class platform. We use AOI to evaluate the performance of our operating segments. For a limited time only next week, fans will have access to exclusive $20 tickets to participating Live Nation shows, including taxes and fees. Reserved Tickets to the hottest shows. Latest Setlist Guns N' Roses on December 10, 2022 . Variety is a part of Penske Media Corporation. "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.". 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. 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. 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. 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. 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. ", record-breaking new album release "Midnights,". Find full tour schedules, seating charts and concert venue details at Ticketmaster.com. His Love On Tour shows were postponed due to the pandemic and finally started in September 2021 in Las Vegas. Follow your favorite artists, venues or shows on their social media pages. We will continue to advocate for fee transparency in live event ticketing. VIRGINIA BEACH (WAVY) You can go see several major music acts at the Virginia Beach amphitheater and across the U.S. this summer and fall for just $20. 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.