Jem Aswad-Senior concert vaccine Music Jem Aswad-Senior

Live Nation Posts Strong Quarter as Concert Business Cautiously Moves Ahead

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variety.com

Jem Aswad Senior Music EditorLive Nation Entertainment, the world’s largest live-entertainment company, posted strong second-quarter earnings as the concert business cautiously moves ahead amid deep concerns over the spread of the Covid-19 variant and lower-than-sensible vaccination rates in the U.S.Operating income for the quarter was up over $450 million and its adjusted operating income was back in the black as the company “is pacing for growth in 2022, 2023 and beyond.” Its event-related revenue was $2.1 billion, up $650 million.

The company also said that all of its lines of business are tracking ahead of expectations for the quarter and the second half of 2021.“We expect to have over 6 million fans attend our festivals during the.

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