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variety.com
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Live Nation Posts Robust 2022 Second Quarter, Says It’s on Track for a Record Year
Jem Aswad Senior Music EditorLive Nation posted solid results in its second quarter earnings report, with a 40% increase in revenue over the same period in 2019 to $4.4 billion, an 86% increase in operating income to $319 million, and a 50% increase in adjusted operating income $480 million.Perhaps most significantly, “We have sold over 100 million tickets for our concerts this year — more than we sold for the entire year in 2019,” CEO Michael Rapino said in a statement, adding that the company is on track for a record year.Live Nation also posted what it said is its highest quarterly attendance ever, with more than 33 million fans across 12,500 events — up 20% over the same quarter in 2019.Rapino said, “With most of the world fully re-opened, it’s clear that concerts remain a high priority for fans. Consumers are seeking out and spending more on experiences, and the growing demand we are seeing for live music and events is driving our business to record levels, far outpacing any macro issues or cost increases.” However, while many blockbuster tours, such as Harry Styles and Olivia Rodrigo, are thriving, the high number of artists on the road, combined with recession fears and lingering apprehension about mass gatherings as Covid variants continue, has caused others to perform below expectations.
msn.com
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Kanye West accuses Adidas of creating Yeezy Day without his permission
Video: Kanye West files trademark to open YZYSPLY retail stores (Cover Video)Prince estate court battle ends six years after singer's deathWhoopi Goldberg pays tribute to 'her friend' Nichelle NicholsDiane Warren responds to 'shade' from fans after seemingly calling out BeyoncéChaka Khan complains she sounds 'like a chipmunk' on Kanye West's Through The FireDrake forced to cancel concert after testing positive for Covid-19Amber Heard 'chose not to go after bigger divorce settlement' from Johnny DeppTravis Scott lands residency at Las Vegas nightclubMystikal arrested on rape and domestic abuse chargesBeyoncé announces she will remove lyric from 'Renaissance' following backlashIN CASE YOU MISSED IT: Eva Longoria reflects on battling jealousy in previous relationshipsIN CASE YOU MISSED IT: Taylor Swift's rep responds to critical report on private jet usageAngelina Jolie reveals daughter Zahara is attending Spelman CollegeJesy Nelson shows off new hair after record split newsSylvester Stallone accuses producer Irwin Winkler of 'sucking Rocky dry' with new spin-offReese Witherspoon reveals Top Gun: Maverick has provided 'a lot of inspiration' for LegallNe-Yo's wife accuses him of infidelity In June, the Stronger hitmaker publicly called out Adidas on Instagram by comparing the new Adilette 22 slides to the Adidas Yeezy slide and accusing them of "blatant copying". Referring to his accusation in his message to Complex, Kanye added, "When I originally ordered adidas to make more Yeezy slides the GM lied to my face and said they didn't have the capacity meanwhile adidas was copying my slides and making their own version of the Yeezy slide.

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