Live Nation Posts First Coronavirus-Era Earnings: Revenue Down 20%, but Fans Are Keeping Tickets
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variety.comBy Jem Aswad Senior Music Editor Live Nation gets right to the point in the announcement accompanying its earnings statement for the first quarter of this unprecedentedly troubled year for the live-entertainment business. “At the beginning of the year, we were on track for tremendous growth across all our businesses with both fan demand and artist touring increasing on a global basis,” it reads.
However, in mid-March we came to a halt and we have held no concerts in almost two months. Despite these challenging times, we continue to have full confidence in the long-term supply and demand dynamics of the live concerts industry, Live Nation’s leadership position and our business model’s ability to successfully deliver profitable growth and
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