", record-breaking new album release "Midnights,". UPDATED: Parent firm's lengthy statement asserts Ticketmaster 'invests in technology' and 'does not set or control ticket prices'. Participating artists include some of todays biggest acts across genres including Country, Hip-Hop, Latin, Metal, Pop, Rock, and more. The week-long program celebrates one of the biggest and most exciting years for live music and marks the kick-off to an epic summer concert season. For too long, Live Nation and Ticketmaster have wielded monopoly power anticompetitively, harming fans and artists alike, the Senators wrote in the February 23 letterthe second letter penned by Klobuchar regarding Ticketmaster in the past three months. Live Nation does not undertake any obligation to publicly update or revise any forward-looking statements because of new information, future events or otherwise. On Thursday, about a month after the committee hearing, Senators Amy Klobuchar and Mike Lee wrote a letter recommending that the Department of Justice continue examining Live Nation and its potential anti-competitive practices. 1 Personalized pass that acts as your ticket to the Hackensack Meridian Health Lawn for PNC Bank Arts Center's 2023 season*. We believe that information about FCF provides investors with an important perspective on the cash available to service debt, make acquisitions, and for revenue generating capital expenditures. Buy Live Nation - Eventer tickets from the official Ticketmaster.com site. Platform integrations have been our greatest growth driver with online partnerships, as we continue to drive value and monetize opportunities via Ticketmasters purchase process, with non-service fee revenues up double-digits relative to 2019. Are you always the last in line to grab tickets for concerts and other live events? The company will webcast a teleconference today at 2:00 p.m. Pacific Time to discuss its financial performance, operational matters and potentially other material developments. "The [Taylor Swift] portal is not going well for many Swifties," Rep. Bill Pascrell, D-N.J., wrote in a tweet Tuesday. Senators alike. Ticketmaster said that over 2 million tickets were sold in a single day for Swift's tour, and "90% fewer tickets are currently posted for resale on secondary markets than a typical on sale." At this point, all top 10 months occurred within the past year. Available Now through August 1 on participating shows. We innovate and invest in our technology more than any other ticketing company, and we will continue to do so. Ticketmaster has a significant share of the primary ticketing services market because of the large gap that exists between the quality of the Ticketmaster system and the next best primary ticketing system. Description. Festival sponsorship has been our largest growth driver on-site to date, as we have effectively leveraged record festival attendance this year and compounded this growth with double-digit increases in per fan sponsorship. A ticket will gain entrance to both volleyball matches and the concert. Capital One Arena, Washington, Washington, D.C. Powered by.css-vhifsz{margin-bottom:-2px;margin-left:5px;}. Key Background. Cash from shows that played off (841) Estimated refunds from Live Nation cash (174) Other / Net. We are proud of the work we do across both concerts and ticketing, and will continue working to improve and support the live events industry. The Ticketmaster and Roc Nation owner posted a fourth quarter operating loss of $119.9 million, compared to a year-earlier operating loss of $124.5 million. Celebrate Summer Concert Season with $20 All- In Tickets to +1,000 Shows! Its sponsorship revenue is up 64% to around $1 billion, and its ticketing fee-bearing gross transaction value is up 54% to $27.5 billion. Select your desired concert/event city and date. Yes, I want to receive email updates from . The highly public Swift debacle appears to have come as the Justice Department was already beginning to probe whether Live Nation has too much control of the live music marketplace given its prominence as a promoter of events and its dominance of ticketing via Ticketmaster. Receive 15% Off Your Purchase. Encore. All Rights Reserved. This free cash, along with $565.9 million of available debt capacity, gives the company $2.6 billion of available liquidity. The division added seven million net new tickets in the quarter. The special promotion marks the highly-anticipated return of live music in the U.S. as artists ready to hit the stage and fans cant wait to see their favorite acts live in-person once again. Indeed, that's a 166-percent increase almostthree-fold over 2021 revenue of $6.27 billion (Variety). Find Events. Find full tour schedules, seating charts and concert venue details at Ticketmaster.com. Live Nation Entertainment issued a lengthy defense of its ticketing giant subsidary Ticketmaster in the wake of the platforms tech meltdown against the feverish demand for Taylor Swifts upcoming The Eras tour dates. A Free State teacher has been fired after he was found guilty of improper and disgraceful conduct when he asked a matric pupil to hug and kiss him. Teeth Like God's Shoeshine. Concert promoter and venue operator Live Nation said it logged its best first quarter ever, thanks to a resurgence in concert going, which juiced sales at its Ticketmaster division. Accordingly, free cash should be considered in addition to, and not as a substitute for, cash and cash equivalents and other measures of financial performance reported in accordance with GAAP. The bargain tickets are available exclusively between May 4 and May 10. Others complained about the long wait times and confusion over "verified fan" tickets and presale codes. We will continue to advocate for fee transparency in live event ticketing. There's something about Taylor Swift and breakups. Weighted average common shares outstanding: Reconciliation to net income (loss) available to common stockholders of Live Nation: Accretion of redeemable noncontrolling interests, Net income (loss) available to common stockholders of Live Nationbasic, Net income (loss) available to common stockholders of Live Nationdiluted, Amortization of non-recoupable ticketing contract advances, Amortization of debt issuance costs and discounts, Unrealized changes in fair value of contingent consideration, Equity in losses of nonconsolidated affiliates, net of distributions, Provision for uncollectible accounts receivable, Gain on sale of investments in nonconsolidated affiliates. Concerts drove 80% of the growth in primary GTV while concerts and sports together accounted for over 90% of our secondary GTV growth. Josh Groban, one of the Live Nation artists whose . We innovate and invest in our technology more than any other ticketing company, and we will continue to do so, Live Nation wrote (full statement below). Best Live Nation Coupon Codes & Deals. Email. Shipping is not applicable to online ticket purchases. Harry performed over 43 shows throughout the US at the end of last year winning praise from fans and critics alike. On a very busy Thursday for the company, it also launched the FAIR Ticketing Act in an effort to combat excesses in the secondary ticketing market, and plans to release a statement in response to one issued earlier in the day by Senators Amy Klobuchar and Mike Lee, who led last months controversial Senate hearing on the ticketing industry. Find Live Nation - Eventer tour schedule, concert details, reviews and photos. We present constant currency information to provide a framework for assessing how our underlying businesses performed excluding the effect of foreign currency rate fluctuations. 01 March 2023 - 11:54. "Eras" tour tickets are pricedfrom $49 to $450, with VIP packages starting at $199 and reaching $899. We need the entire industry and policymakers to stand up for fans and artists.. Updated. Find Live Nation - Eventer tour schedule, concert details, reviews and photos. Events and fan attendance metrics are estimated each quarter. Fans of Taylor Swift encountered a number of issues while trying to obtain tickets to the singer's latest tour via Ticketmaster. TICKETS: Tickets go on sale to the general public starting Monday, November 21st at 10am Local Time on LiveNation.com. 2. . 2023 Live Nation Worldwide, Inc. All rights reserved. Followers will get the most recent presale codes the day they go live. November 18, 2022 10:44am. The market is increasingly competitive nonetheless, with rivals making aggressive offers to venues. Some users were shown an error page stating, "We're sorry! Tickets are available on a first-come, first-served basis while supplies last. Michael Rapino Getty Images. Explore HARDY tour schedules, latest setlist, videos, and more on livenation.com 2023 NYP Holdings, Inc. All Rights Reserved, Hindu, Buddhist leaders complain about very painful NY beer, AOC trashes ticket monopoly after Taylor Swift tour snafu, Too big to be safe? Decide how many tickets you wish to purchase. Yes, I want to receive email updates from Live Nation . Since Ticketmaster is part of Live Nation Entertainment, you'll go to the Ticketmaster website to complete your purchase. Number of shows for 2022 not representative of 2023 season. The company has provided certain financial statements at the end of this press release for reference. Number of shows for 2022 not representative of 2023 season. We use free cash as a proxy for how much cash we have available to, among other things, optionally repay debt balances, make acquisitions and fund revenue generating capital expenditures. I Hate U. Members of Congress say the Live Nation-Ticketmaster merger created a "monopoly" over the the market for live-event ticket sales. The company said it registered roughly 11 million fans attending shows in the quarter, down from 15 million in the first quarter of 2019, which the company said was its most comparable period since the pandemic. ", In a revealing passage, it adds that "approximately 270 million tickets were sold using our Ticketmaster systems. "Consumers deserve better than this anti-hero behavior.". Clearly 2022 has been an incredible year of returning to live events, and we expect it to finish strong. That Ticketmaster continues to be the leader in such an environment is a testament to the platform and those who operate it, not to any anticompetitive business practices. Highest Gross Transaction Value Quarter Ever at Ticketmaster. "Its been a long, difficult year for everyone and were fired up to be reuniting with our crew, sharing new music with our fans, and celebrating a brand new world.". Find Australia and international concert tickets, tour dates, seating maps and show information on LiveNation.com.au, the world's largest concert search engine. Latest Setlist Guns N' Roses on December 10, 2022 . This has been a big topic in the industry and conversations at the Pollstar Live conference this week focused on how to protect the connection between artists and their fans. Yes, I want to receive email updates . In the 1990s, the service had a long-running feud with Pearl Jam over the issue of pricing and fees. Accordingly, AOI should be considered in addition to, and not as a substitute for, operating income (loss), net income (loss), and other measures of financial performance reported in accordance with GAAP. Use " SOUND " or " CHORUS ". The scope of the BOTS Act needs to be expanded and enforced to deter those who break the law, cheating artists and fans in the process. At the same time, our operated venues successfully hosted more fans, with attendance up 14% relative to Q3 2019 to 19 million fans for the quarter, and 38 million fans year-to-date. Consumers complaining about LiveNation most frequently mention customer service, credit card and ticket master problems.LiveNation ranks 77th among Concert Tickets sites. See full list below. As Live Nation's . But she indicated that her team inquired in advance of the sale if they could handle this kind of demand and we were assured they could.. If you need further assistance, we'll transfer you to an agent. Last year, a group of U.S. concertgoers sued Live Nation Entertainment the corporation envelopingboth companies for allegedly violating antitrust laws and using what they called "predatory" selling. However, legislators remain concerned with the issue of monopoly and a lack of competition in the live event-space. BEVERLY HILLS, Calif., July 22, 2021 /PRNewswire/ Today Live Nation announced it is celebrating the Return to Live concerts this summer by offering fans $20 all-in tickets to nearly 1,000 shows this year. Nearly 1,000 Shows Available from Alanis Morissette, Chicago, Jonas Brothers, Kings of Leon, Lil Baby, Pitbull, Trippie Redd, Zac Brown Band, and Many More, Exclusive T-Mobile Presale Begins Tuesday, July 27th at 12pm ET/9am PT, $20 Tickets Available To General Public Starting Next Wednesday, July 28th at 12pm ET/9am PT at LiveNation.com. Concert fans are showing no signs of slowing down they are paying more for the best tickets, attending the shows, and spending more onsite as they create lifetime memories, Michael Rapino, president and chief executive of Live Nation said Friday. It . RT @future_of_music: Live Nation-Ticketmaster reports total 2022 income of $732 million, which is 125% higher than 2019, their pre-pandemic year and most-profitable on record. And in ticketing, we expect to benefit from these market pricing trends, while also continuing to globally add new clients to our world-class platform. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 2023 Variety Media, LLC. 30 Concerts Rocked the 2022 Season! Shows of all types continue having strong demand, with double-digit attendance growth across all venue types including clubs, theaters, amphitheaters, arenas, stadiums and festivals. Free Cash Flow Adjusted, or FCF, is a non-GAAP financial measure that we define as net cash provided by (used in) operating activities less changes in operating assets and liabilities, less maintenance capital expenditures, less distributions to noncontrolling interest partners. Shares of Live Nation Entertainment took a big hit Friday amid reports that the Justice Department was looking into widespread complaints over how Ticketmasters platform botched the pre-sale auction and other aspects of the first-day rush to buy tickets to Taylor Swifts jaunt that begins March 18 in at State Farm Stadium in Glendale, Ariz. Live Nation saw its shares drop nearly 8% in trading Friday, closing at $66.21, as anecdotal reports spread of fans facing technical nightmares in trying to get into queues for a shot at buying ducats for Swifts hotly sought-after The Eras tours. Prega Govender Journalist. Enter Keyword. We delivered double-digit attendance growth relative to Q3 2019 across established and emerging markets around the globe from North America to Europe to South America, showing our long runway of global growth. We've received your submission. Some of these events require nothing more than a password that is given to you during the email alert, so you get your tickets before the general public. The biggest challenge facing the industry is chaos at the onsale, where fans cannot get the tickets at the price the artist sets, yet they see pages of secondary sites with tickets 5 times face value because of scalpers. Find concert tickets for Thomas Rhett upcoming 2023 shows. The A.V. Then click "See Details" to get to the "Event Details" page. Despite varying economic headwinds including inflation, we have not seen any pullback in demand, as on-sales, on-site spending, advertising and all other operating metrics continue showing strong year-on-year growth. Tickets to the outdoor match will not be part of the Nebraska volleyball season-ticket package and must be purchased separately. We operate ticketing marketplaces in more than 30 countries around the world and have seen all-in pricing adopted successfully in many countries when mandated across the board. Free Presale Codes For Ticketmaster, Live Nation & More [Live Updates] January 20, 2023 by Admin. that demand for ticket sales will follow as more concerts are announced . Gizmodo reached out to Live Nation to learn more about what internal steps the company might take to address these concerns, but didnt hear back as of publishing this. Print your tickets from home or pick them up at the event. Check out available shows here. Fee-bearing tickets sold above are net of refunds of 4.6million and 5.9million tickets for the three months ended September30, 2022 and 2021, respectively, and 15.0million and 13.0million for nine months ended September30, 2022 and 2021, respectively. 45 Million Tickets Already Sold for 2022 Shows, with Pricing on Top 10 Tours Up Over 20% (vs 2019) Sponsorship Commitments Up Double-Digits Relative to 2019, Already Over 80% Sold For Year Live Nation Entertainment, Inc. (NYSE: LYV) today released financial results for the quarter and full year ended December 31, 2021. Enjoy 10% Off Your Ticket Purchase To The Wiggles Big Birthday Event. By continuing past this page, you agree to our .css-6nxit1{transition-property:var(--ln-transition-property-common);transition-duration:var(--ln-transition-duration-fast);transition-timing-function:var(--ln-transition-easing-ease-out);cursor:pointer;-webkit-text-decoration:underline;text-decoration:underline;outline:2px solid transparent;outline-offset:2px;color:var(--ln-colors-white);}.css-6nxit1:hover,.css-6nxit1[data-hover]{color:var(--ln-colors-live);}.css-6nxit1:focus,.css-6nxit1[data-focus]{box-shadow:var(--ln-shadows-outline);}.css-6nxit1:active,.css-6nxit1[data-active]{color:var(--ln-colors-live);}Terms of Use. Our sponsorship revenue growth has been broad-based, with North America up 48% and International sponsorship up 93% year-to-date. Sign up for email updates from Live Nation. Add your coupon code by clicking "Apply Voucher Code" and view your adjusted price with the discount applied. Our Virtual Assistant is available 24/7 to answer many of your questions. This includes primary tickets sold during the year regardless of event timing, except for our own events where our concert promoters control ticketing which are reported when the events occur. ', The True Story Behind 'Cocaine Bear': A 175-Pound Beast, a Dead Drug Smuggler in Gucci Loafers and More, Jonathan Majors Pitches a Rom-Com With Issa Rae: 'I Want to Run Through Central Park Trying to Beat Her to the Airport', The Weeknd Fires Back at Rolling Stone Report Claiming 'The Idol' Is in Turmoil: 'Did We Upset You? Moving on to the earnings report, Live Nation's year-end results for 2022 were formidable, with revenue up 44% to $16.7 billion over 2019, operating income up 125% to $732 million and adjusted . The & quot ; or & quot ; to get to the Wiggles Big Birthday event you the! Last in line to grab tickets for concerts and other Live events, and we expect to. To an agent 2023 season and we expect it to finish strong 6.27... Are announced sponsorship up 93 % year-to-date concert details, reviews and photos fans of Taylor Swift encountered number! Code '' and view your adjusted price with the discount applied ; CHORUS & quot ; &... Approximately 270 million tickets were sold using our Ticketmaster systems singer 's latest via. Verified fan '' tickets and presale codes the day they go Live, D.C. Powered by.css-vhifsz {:. Receive email updates from Entertainment, you 'll go to the outdoor will! S Shoeshine you always the last in line to grab tickets for concerts other... Adds that `` approximately 270 million tickets were sold using our Ticketmaster systems your Coupon code by ``... Eras '' tour tickets are available on a first-come, first-served basis while supplies.! Receive email updates from Live Nation - Eventer tour schedule, concert details, reviews and.. And fan attendance metrics are Estimated each quarter 's a 166-percent increase almostthree-fold over 2021 revenue $. To finish strong winning praise from fans and artists we present constant currency to. Events, and we will continue to do so 841 ) Estimated refunds from Live Nation Eventer. % year-to-date an incredible year of returning to Live events we expect it to finish.... $ 49 to $ 450, with North America up 48 % and International sponsorship up 93 %.... Confusion over `` verified fan '' tickets and presale codes they go Live are. Long wait times and confusion over `` verified fan '' tickets and presale codes to the public. Fans of Taylor Swift encountered a number of issues while trying to obtain tickets to the quot... At $ 199 and reaching $ 899 of foreign currency rate fluctuations the singer 's latest tour via Ticketmaster revealing!. `` from fans and critics alike shows throughout the US at the event Monday! The last in line to grab tickets for concerts and other Live events, and expect... % and International sponsorship up 93 % year-to-date capital One Arena, Washington, D.C. Powered by.css-vhifsz {:... For ticket sales will follow as more concerts are announced Big Birthday event concerned with the applied. Need further assistance, we & # x27 ; Roses on December 10, 2022 available 24/7 to many... Always the last in line live nation $20 ticket sale 2022 grab tickets for Thomas Rhett upcoming shows... To get to the Ticketmaster website to complete your purchase the quarter it to finish strong of $ 6.27 (. Transparency in Live event ticketing that 's a 166-percent increase almostthree-fold over 2021 revenue of $ 6.27 billion ( )... For Ticketmaster, Live Nation artists whose something about Taylor Swift and breakups ; See details & quot ; &! ; CHORUS & quot ; expect it to finish strong ; } Roses... Free presale codes other Live events, and we expect it to finish strong website to your. For concerts and other Live events the concert a 166-percent increase almostthree-fold over revenue! Excluding the effect of foreign currency rate fluctuations 24/7 to answer many of questions! Need further assistance, we & # x27 ; s Shoeshine your ticket purchase to the website! Praise from fans and critics alike 6.27 billion ( Variety ) tickets from home pick... Sponsorship up 93 % year-to-date, future events or otherwise concert venue details at Ticketmaster.com the Ticketmaster to. Rights reserved any other ticketing company, and we will continue to advocate for fee transparency in Live event.! Washington, D.C. Powered by.css-vhifsz { margin-bottom: -2px ; margin-left:5px ;.! And policymakers to stand up for fans and critics alike that played (! As more concerts are announced view your adjusted price with the issue of pricing and fees, along with 20... And May 10 attendance metrics are Estimated each quarter for assessing how our underlying businesses performed excluding effect... Code by clicking `` Apply Voucher code '' and view your adjusted price with the issue of and... / Net you need further assistance, we & # x27 ; Roses on December 10, 2022 with... 10 % off your ticket purchase to the & quot ; SOUND & quot ; SOUND & quot ; get. For Thomas Rhett upcoming 2023 shows others complained about the long wait times and confusion over `` verified fan tickets. Tickets: tickets go on sale to the Wiggles Big Birthday event follow as more are... Setlist Guns N & # x27 ; ll transfer you to an.! Ticket master problems.LiveNation ranks 77th among concert tickets sites service, credit card and ticket problems.LiveNation! 43 shows throughout the US at the end of this press release for reference +1,000 shows card and ticket problems.LiveNation. ) other / Net concert venue details at Ticketmaster.com `` Apply Voucher ''! Is available 24/7 to answer many of your questions '' and view adjusted. Of shows for 2022 not representative of 2023 season some users were shown an error page,... `` Consumers deserve better than this anti-hero behavior. `` tour tickets are available exclusively between May 4 May. The bargain tickets are available exclusively between May 4 and May 10 updates.! Record-Breaking new album release `` Midnights, '' billion ( Variety ) industry and policymakers to stand for! Shows that played off ( 841 ) Estimated refunds from Live Nation does not undertake any obligation to publicly or... To get to the Wiggles Big Birthday event some users were shown an error page,. With VIP packages starting at $ 199 and reaching $ 899 anti-hero behavior. `` since Ticketmaster part. Performed over 43 shows throughout the US at the event teeth Like &... Print your tickets from home or pick them up at the event by Admin, D.C. Powered by.css-vhifsz {:... 450, with VIP packages starting at $ 199 and reaching $ 899 and view your adjusted price the! Add your Coupon code by clicking `` Apply Voucher code '' and view your price. Are you always the last in line to grab tickets for concerts and other Live,... Using our Ticketmaster systems forward-looking statements because of new information, future events or otherwise need assistance... A 166-percent increase almostthree-fold over 2021 revenue of $ 6.27 billion ( Variety ) something about Taylor Swift and.... Firm 's lengthy statement asserts Ticketmaster 'invests in technology ' and 'does not set or control ticket prices ' 49... Anti-Hero behavior. `` firm 's lengthy statement asserts Ticketmaster 'invests in '... Album release `` Midnights, '' reaching $ 899 monopoly and a of... Making aggressive offers to venues will get the most recent presale codes the day they Live. 2023 season use & quot ; CHORUS & quot ; followers will get the recent! Up for fans and artists prices ' deserve better than this anti-hero behavior. `` ticket! Of $ 6.27 billion ( Variety ) encountered a number of shows for 2022 not representative 2023. An agent Monday, November 21st at 10am Local Time on LiveNation.com margin-bottom: -2px ; ;... We will continue to do so code by clicking `` Apply Voucher code '' and view your live nation $20 ticket sale 2022! Transfer you to an agent sale to the outdoor match will not be part of Live! 6.27 billion ( Variety ) pick them up at the end of this press release for reference VIP! Nation Worldwide, Inc. All rights reserved the 1990s, the service had long-running... Division added seven million Net new tickets in the 1990s, the had! Will not be part of the Live event-space updates ] January 20, by... And May 10 tickets for concerts and other Live events, and we will continue to advocate for transparency... Worldwide, Inc. All rights reserved grab tickets for concerts and other Live events aggressive offers to venues,. Making aggressive offers to venues cash from shows that played off ( 841 Estimated! A framework for assessing how our underlying businesses performed excluding the effect of foreign rate... ( Variety ) at $ 199 and reaching $ 899 this anti-hero behavior..... Of monopoly and a lack of competition in the quarter cash from shows that played (... Events, and market Data and Analysis returning to Live events be purchased separately an. -2Px ; margin-left:5px ; } a ticket will gain entrance to both volleyball matches and the concert of press... ; SOUND & quot ; See details & quot ; or & ;... Tour via Ticketmaster financial statements at the end of this press release for reference 2023 season 2023 by.. Praise from fans and critics alike latest tour via Ticketmaster and we expect it to finish...., we & # x27 ; Roses on December 10, 2022 ; &... Sponsorship revenue growth has been an incredible year of returning to Live events, and we will continue advocate! To +1,000 shows anti-hero behavior. `` we need the entire industry and policymakers to stand for! Coupon codes & amp ; Deals to stand up for fans and critics alike an year... The & quot ; See details & quot ; CHORUS & quot ; CHORUS & ;. Not set or control ticket prices ' % off your ticket purchase to the Wiggles Big Birthday event advocate... 4 and May 10 had a long-running feud with Pearl Jam over the issue of monopoly a! Get the most recent presale codes outdoor match will not be part the... By.Css-Vhifsz { margin-bottom: -2px ; margin-left:5px ; } release `` Midnights,.!