Live Nation Entertainment

Live Nation is funding Creator Nation, a new firm co-founded by Scott and Alexis Fisher to support creators across content, commerce, brand partnerships and live experiences. The unit will acquire and grow creator management firms and adjacent businesses, with a first acquisition likely before year-end. Creator Nation builds on Select Management's and Timeline Management's creator rosters and aims to provide capital and infrastructure so creators can scale into long-lived entertainment businesses. » Más en forbes.com

Live Nation said at the Goldman Sachs conference that the live-music business is "still in its early stages" and is driving growth primarily outside the US. For 2024 the company is targeting 175 million fans and is aiming for 225 million in the long term; Venue Nation delivers returns of over 20% on incremental capital. Ticketmaster is seeing mid‑double‑digit AOI gains and is expanding internationally, including a planned market entry in Japan. Management acknowledged the ongoing regulatory review related to the DOJ settlement but does not expect a fundamental change to its growth plans. » Más en de.investing.com

Live Nation Urban is expanding beyond live events into a business centered on Black audiences, creators, content and intellectual property, using festival data to connect brands with an estimated $2.1 trillion Black consumer market. The company plans to export properties like Roots Picnic while also investing in locally owned cultural brands and entrepreneurs in markets such as the U.K., South Africa and Ghana. Live Nation Urban offers capital, resources and some equity arrangements to scale Black-owned businesses, while raising the central question of whether growth will translate into sustained Black ownership of the resulting IP and revenue streams. » Más en forbes.com

Live Nation is seeing rising revenues from concerts and festivals and reported in the second quarter nine percent higher revenue as well as about 30 percent higher net profit compared with the previous year. Despite the strong figures the stock fell, possibly because of high expectations and profit‑taking; the share is significantly up since the start of the year. Across the market the growing experience economy — supported by rising spending on events, travel and premium offerings — is driving demand for promoters and leisure companies. » Más en handelsblatt.com

Live Nation's executive VP and general counsel Michael Rowles disposed of 1,084 shares in a non‑discretionary sale to cover tax liabilities from vested restricted stock, retaining 200,806 shares valued at about $36.5 million. The transaction does not signal a change in insider outlook. Live Nation reported Q2 revenue of $7.7 billion, attracted nearly 49 million fans, and has a record $6.4 billion in tickets booked for future shows. The company recently resolved a DOJ monopoly case but faces ongoing state litigation seeking damages over ticketing fees. » Más en finance.yahoo.com