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Live Nation Reports 83% of Fans Keeping Tickets, but 95% Revenue Drop From Last Year
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variety.comJem Aswad Senior Music EditorLive Nation, the world’s largest live-entertainment company, accentuated the positive wherever possible in its second full quarter with almost no live entertainment in its Q3 earnings report Thursday.That emphasis is on what will happen when concerts return, which it continues to project for next summer.
The company says 83% of fans are keeping tickets for rescheduled shows, and 95% of fans globally are planning on attending concerts again — “the highest point of confidence since the start of the pandemic.”It claims that “festival [ticket] on-sales are pacing well ahead of last year,” with the dance-music fest Electric Daisy Carnival 2021 in Las Vegas selling out in less than 24 hours at a higher capacity.
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