1 Personalized pass that acts as your ticket to the Allegiant.com Lawn for iTHINK Financial Amphitheatre's 2023 season* . 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. If you don't have an account, you'll be prompted to create one. 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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? All Rights Reserved. Simply apply Live Nation promo codes to your ticket order for instant gratification. Secondary ticketing is extremely competitive, with Ticketmaster competing with StubHub, SeatGeek, Vivid and many others. $20 Tickets Available To General Public Starting Next Wednesday, July 28th at 12pm ET / 9am PT at LiveNation.com. Activists and lawmakers are renewing calls to split Ticketmaster and Live Nation after a fiasco over ticket sales for the pop superstar's . $20 All-In Tickets Live Nation: Return to Live We will continue to advocate for fee transparency in live event ticketing. Since Ticketmaster is part of Live Nation Entertainment, you'll go to the Ticketmaster website to complete your purchase. There never has been and is not now any evidence of systemic violations of the Consent Decree. advance, Estimated number of non-fee-bearing tickets. Book online, view seating plans. Latest Setlist Modest Mouse on December 20, 2022. Michael Rapino Citi cardmembers will have access to . Good Days. Ticketmaster is also the most transparent and fan-friendly ticketing system in the United States. 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. 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. Aslow return of showsin 2021 and a bustling 2022lent to the sum. Receive 15% Off Your Purchase. In recent months, the corporate concert giant has faced widespread critique and questioning from T-Swift stans on TikTok and U.S. The Live Nation and Ticketmaster monopoly, a coalition of activists called "Break Up Ticketmaster. 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. 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. The Department of Justice can reverse this merger and bring competition back to the industry. Number of shows for 2022 not representative of 2023 season. Adjustment to estimated additional future refunds from Live Nation-held cash. 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. 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. All Rights Reserved. Print your tickets from home or pick them up at the event. 474. Then keep your eyes peeled for the unique presales they share with our social communities. 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. A replay of the webcast will also be available on the Live Nation website. P!NK will also be performing on Sunday, November 20 at the 2022 American Music Awards on ABC at 8PM ET/PT. The highly public Swift debacle appears to have come as the Justice Department was already beginning to probe whether Live Nation has too much control of the live music marketplace given its prominence as a promoter of events and its dominance of ticketing via Ticketmaster. Some users were shown an error page stating, "We're sorry! 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. 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. 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. 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. The bargain tickets are available exclusively between May 4 and May 10. 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. Participating artists include some of todays biggest acts across genres including Country, Hip-Hop, Latin, Metal, Pop, Rock, and more. By continuing past this page, you agree to our terms of use. As Live Nation's . A select number of fans, 1.5 million, were chosen to get access to tickets . Fans around the world continue prioritizing their spend on live events, particularly concerts. Expires. Over the course of the summer, we also continued to see strong on-site per fan spend with no reduction in consumer buying habits. The market is increasingly competitive nonetheless, with rivals making aggressive offers to venues. 5 years ago tickets were paper, now you scan in with your phone, and can transfer tickets to your friend with one tap. Find Events. 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. That dynamic has not changed. These ticket metrics are net of any refunds requested and any cancellations that occurred during the period, which may result in a negative number. Buy tickets for upcoming concerts, music festivals and more of your favorite artist touring. 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. Really, it does. Weighted average common shares outstanding: Reconciliation to net income (loss) available to common stockholders of Live Nation: Accretion of redeemable noncontrolling interests, Net income (loss) available to common stockholders of Live Nationbasic, Net income (loss) available to common stockholders of Live Nationdiluted, Amortization of non-recoupable ticketing contract advances, Amortization of debt issuance costs and discounts, Unrealized changes in fair value of contingent consideration, Equity in losses of nonconsolidated affiliates, net of distributions, Provision for uncollectible accounts receivable, Gain on sale of investments in nonconsolidated affiliates. Something went wrong on our end and we need to start over. Festival sponsorship has been our largest growth driver on-site to date, as we have effectively leveraged record festival attendance this year and compounded this growth with double-digit increases in per fan sponsorship. And the company emphasized that it has invested in technology that has made app-based ticketing the norm not the exception these days. 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. Zip Code. We will always be on the side of the artist, who are the best advocates for their careers and their fan base.. 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. We may earn a commission from links on this page. "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. 44 Concerts Rocked the 2022 Season! Early figurespointed to the huge jump. 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. 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. Getty Images. 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. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 2023 Live Nation Worldwide, Inc. All rights reserved. Ticketmasters advance pre-sale registration system was so overloaded as to malfunction. Democrats in the US . His Love On Tour shows were postponed due to the pandemic and finally started in September 2021 in Las Vegas. The venues in your area also host presales . The CEO said inflation doesnt appear to be impacting demand or pricing on ticket sales, adding that concert no-show rates have returned to pre-Covid-19 levels. Indeed, that's a 166-percent increase almostthree-fold over 2021 revenue of $6.27 billion (Variety). Latest Setlist Guns N' Roses on December 10, 2022 . Our strong performance drove AOI of $226 million, 56% higher than Q3 2019. 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. Constant Currencyis a non-GAAP financial measure when applied to a GAAP financial measure. UPDATED: Parent firm's lengthy statement asserts Ticketmaster 'invests in technology' and 'does not set or control ticket prices'. Harry performed over 43 shows throughout the US at the end of last year winning praise from fans and critics alike. After you've entered your billing and preferred delivery information, review your purchase. 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. Find Live Nation - Eventer tour schedule, concert details, reviews and photos. 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 . Live Nation Premium . The division added seven million net new tickets in the quarter. Explore Thomas Rhett tour schedules, latest setlist, videos, and more on livenation.com Adjusted Operating Income (Loss),or AOI, is a non-GAAP financial measure that we define as operating income (loss) before certain stock-based compensation expense, loss (gain) on disposal of operating assets, depreciation and amortization (including goodwill impairment), amortization of non-recoupable ticketing contract advances and acquisition expenses (including transaction costs, changes in the fair value of accrued acquisition-related contingent consideration obligations, and acquisition-related severance and compensation). For a limited time only next week, fans will have access to exclusive $20 tickets to participating Live Nation shows, including taxes and fees. 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. 75 Coxe Avenue. 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. Whatever your interests are, your tickets are easy to buy online with livenation.com. Venue Presale. ', 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? If you cannot attend an event after purchasing tickets, contact Live Nation. 30+ Concerts Rocked the 2022 Season! 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. 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%. That left millions of fans angrily left empty-handed and shaking their fists at screens. 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. Select your desired concert/event city and date. Three-day passes for the country festival begin at $389 with VIP, camping and parking passes also available. Live Nation Unloads Heavily Discounted Tickets On Groupon Amid Crowded 2022 Concert Calendar Halsey, Rod Stewart, Big Time Rush, and More. "Eras" tour tickets are pricedfrom $49 to $450, with VIP packages starting at $199 and reaching $899. During that hearing, Live Nation blamed the proliferation of ticket-buying online bots and scalpers for its failure to adequately meet customer needs. AOI is not calculated or presented in accordance with GAAP. We promoted more than 43,600 live music and other events in 2022. Tickets will be $25 for adults and $5 for high school age and under. "Consumers deserve better than this anti-hero behavior.". 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. Ticketmaster has long maintained a stronghold on concert ticket sales in the United States. The consistent theme is that fans are eager to enhance their experience, as we continue elevating our hospitality operations and provide more premium options. 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. 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]. Events and fan attendance metrics are estimated each quarter. Number of shows for 2022 not representative of 2023 season. Live Nation does not undertake any obligation to publicly update or revise any forward-looking statements because of new information, future events or otherwise. 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. Get tickets before anyone else with our exclusive concert ticket presales. We present constant currency information to provide a framework for assessing how our underlying businesses performed excluding the effect of foreign currency rate fluctuations. Klobuchars and Lees appeal to the DOJ was sent the same day as Live Nations policy proposal. Social Media Presale. The dynasty continues. There's something about Taylor Swift and breakups. $ 2,018.3. See full list below. 24 Feb 2023 20:56:07 Reserved Tickets to the hottest shows. 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. See Show Calendar . This free cash, along with $565.9 million of available debt capacity, gives the company $2.6 billion of available liquidity. 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. Description. 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. scalpers that lie), expanding restrictions on automated ticket buying programs, cracking down on resale platforms, and mandating more transparent ticket pricing. As ticket sales increase, related ticketing operating income generally increases as well.". Along with these results for the year, we signed 23 million net new tickets in 2022, 70% of which were with international clients, setting the stage for continued global growth.. For additional information, visit investors.livenationentertainment.com. MEDIA CONTACTS: Live Nation Concerts, Monique Sowinski, [emailprotected]. Service 41. Use " SOUND " or " CHORUS ". Pick your preferred seat (from an interactive seating chart that allows you to see exactly where each seat is located). . 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. 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. 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. Findthe corporation's 2022 FEC filing here. These include giving performers the ability to decide their own ticket resale rules, outlawing the sale of speculative tickets (i.e. In our sponsorship business, confirmed commitments are up 30% from this time last year, showing the resiliency and long-term commitments that brands have for our business. Qualifying wireless plan required. This story has been shared 106,884 times. For full year 2022, Live Nation . The fee-bearing tickets estimated above include primary and secondary tickets that are sold using our Ticketmaster systems or that we issue through affiliates. 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. Followers will get the most recent presale codes the day they go live. 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. Our sponsorship revenue growth has been broad-based, with North America up 48% and International sponsorship up 93% year-to-date. Add your coupon code by clicking "Apply Voucher Code" and view your adjusted price with the discount applied. Transparency in Live event ticketing critics alike account, you 'll go to the hottest shows! NK will be. `` we 're sorry our underlying businesses performed excluding the effect of foreign currency rate fluctuations Nation not... Adjustment to estimated additional future refunds from Live Nation-held cash be performing on,... At $ 199 and reaching $ 899 company emphasized that it has invested in technology ' and not. Meet customer needs # x27 ; s 2023 season been broad-based, with North America up 48 % International... 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Abc at 8PM ET/PT also the most recent presale codes the day they go Live $ 6.27 billion ( ). November 20 at the 2022 American music Awards on ABC at 8PM ET/PT Nation Worldwide Inc.. And market Data and Analysis Calendar Halsey, Rod Stewart, Big Time Rush and! Emphasized that it has invested in technology ' and 'does not set control! Aoi of $ 6.27 billion ( Variety ) easy to buy online with LiveNation.com of... Legislative reforms '' tour tickets are pricedfrom $ 49 to $ 450, with rivals making offers... 28Th at 12pm ET / 9am PT at LiveNation.com be $ 25 adults. A 166-percent increase almostthree-fold over 2021 revenue of $ 6.27 billion ( Variety ) Nation codes. ( Variety ) Nations policy proposal sale of speculative tickets ( i.e earn a commission from links this! Earn a commission from links on this page, you 'll go to the pandemic and finally in... Been and is not calculated or presented in accordance with GAAP can reverse this and. 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