The fee-bearing tickets estimated above include primary and secondary tickets that are sold using our Ticketmaster systems or that we issue through affiliates. Decide how many tickets you wish to purchase. Discount. Live Nation refers you to the documents it files from time to time with the U.S. Securities and Exchange Commission, or SEC, specifically the section titled Item 1A. This demand remained strong throughout the quarter, as two of the three months were amongst the top 10 transacted GTV (excluding refunds) months ever. Highest Gross Transaction Value Quarter Ever at Ticketmaster. The website features thousands of events from all over the country, but you can easily narrow your search to a specific geographic location or one type of event. See Live Nation's 2022 financial results at this link. Such forward-looking statements include, but are not limited to statements regarding the companys prospects for a record 2022 with a strong finish to the year, and its positioning for continued growth across its businesses; current expectations for total fan attendance at the companys festivals, amphitheaters, and theaters and clubs in 2022; the companys room to expand its hospitality operations and premium options throughout its operated venue portfolio; expectations going into 2023 that the company will continue to drive growth in its concert business by adding more venues to its operated portfolio, continuing to increase ancillary per fan revenue, and furthering its efforts to deliver market value for the show to the artists, with these market pricing trends expected to also benefit the companys ticketing business, which is also expected to continue to globally add new clients to its world-class platform and the companys current expectations for capital expenditures for 2022. These financial statements should be read in conjunction with the full financial statements, and the notes thereto, set forth in the companys Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission today and available on the SECs website at sec.gov. "Its merger with LiveNation should never have been approved, and they need to be reigned in. Klobuchars and Lees appeal to the DOJ was sent the same day as Live Nations policy proposal. Free Presale Codes For Ticketmaster, Live Nation & More [Live Updates] January 20, 2023 by Admin. Live Nation took a hard hit during the pandemic and was forced to cancel all its tours. Shipping is not applicable to online ticket purchases. Constant Currencyis a non-GAAP financial measure when applied to a GAAP financial measure. 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 . For a limited time only next week, fans will have access to exclusive $20 tickets to participating Live Nation shows, including taxes and fees. Adjustment to estimated additional future refunds from Live Nation-held cash. 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. Ticketmaster. Zip Code. We've received your submission. As a result, the company said it has already sold 90% of its planned sponsorship for 2022. Michael Rapino All Rights Reserved. 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. Ticket sales giant, Ticketmaster recorded its second highest gross transaction volume in its history with an estimated 111,292 in the three months ended March 31. 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. Our Virtual Assistant is available 24/7 to answer many of your questions. These ticket metrics are net of any refunds requested and any cancellations that occurred during the period, which may result in a negative number. Furthermore, this measure may vary among other companies; thus, free cash as presented herein may not be comparable to similarly titled measures of other companies. Find concert tickets for HARDY upcoming 2023 shows. Enjoy 10% Off Your Ticket Purchase To The Wiggles Big Birthday Event. In this guide, I'll tell you all of the standard presale codes each concert has, including: Live Nation. Encore. Live Nation Premium Tickets; Live Nation Productions; Veeps; Company. 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Jordan Meets Reporter at 'Creed III' Premiere Who 'Teased Him all the Time' in High School: 'I Was the Corny Kid, Right? 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. It's a 44-percent increase over pre-pandemic 2019 revenue, $11.55 billion, which is the percentage difference Live Nation touted to investors this week. Artists create their music and their concerts, Rapino concluded. Forward-Looking Statements, Non-GAAP Financial Measures and Reconciliations: Certain statements in this press release, including the Supplemental Information that follows, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Accordingly, FCF should be considered in addition to, and not as a substitute for, net cash provided by (used in) operating activities and other measures of financial performance reported in accordance with GAAP. Live Nation Entertainment, the concert production giant and parent company of Ticketmaster, is under Justice Department antitrust scrutiny over its dominant role in the . Updated: Jul 28, 2021 / 01:21 PM EDT. Ticket sales for shows in 2023 are pacing even stronger than they were heading into 2022, up double-digits year-over-year, excluding sales from rescheduled shows. ", record-breaking new album release "Midnights,". Jon Pardi The full Stagecoach Country. We already follow many of these common sense policies and are ready to make additional changes, but we cant do it alone, Live Nation wrote. The "Eras" tour could break Swift's own record for gross ticket sales in North America. 5 years ago tickets were paper, now you scan in with your phone, and can transfer tickets to your friend with one tap. Broken things are a drag our team is on it so it doesn't happen again.". 44 Concerts Rocked the 2022 Season! Find Live Nation - Eventer tour schedule, concert details, reviews and photos. The Great Minnesota Get-Together. 2. . Ticketmaster was supposed to open up sales for 1.5 million verified Taylor Swift fans last month ahead of general public ticket sales. On Sale In -- -- -- . Live Nation, which includes the ticket retailer Ticketmaster, reported its fourth-quarter earnings on Thursday (Feb. 23), showing its total 2022 revenue reached a record $16.7 billion, according toBillboard. 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. 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. Aslow return of showsin 2021 and a bustling 2022lent to the sum. Most ticket sales are final, but refunds are issued occasionally for select events. Receive 15% Off Your Purchase. 3Q Financial Overview (vs 2019): Results Demonstrate the Power of Our Flywheel, 3Q Highlights (vs 2019): Fans Continue to Prioritize Their Spending on Live Events, Outlook: Closing Out a Record Year and Positioned for Continued Growth. that demand for ticket sales will follow as more concerts are announced . 2023 Variety Media, LLC. Finally on Ticketmaster, a point on some recent press regarding ticketing fees. Zip Code. The non-fee-bearing tickets estimated above include primary tickets sold using our Ticketmaster systems, through season seat packages and our venue clients box offices, along with tickets sold on our do it yourself platform. Getty Images. There's something about Taylor Swift and breakups. With Giving Assistant, you have access to the most recent Live Nation coupons, making it more affordable to get out of the house and have a little fun. We promoted more than 43,600 live music and other events in 2022. In 2010, the retailer merged with Live Nation, the promoter, to become a singular company. "We cant wait to get back on the road and in front of our fans, it means so much to be able to bring live music back to the people that support us the most," said the Jonas Brothers. Live Nation does not undertake any obligation to publicly update or revise any forward-looking statements because of new information, future events or otherwise. 24 Feb 2023 20:56:07 FCF is not calculated or presented in accordance with GAAP. Twelve days of fun ending at Labor Day. Sign up for email updates from Live Nation. 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. 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. This will be our 15th . On Friday evening, Live Nation issued an impassioned defense of the much-maligned Ticketmaster with a long statement asserting that the platform was the most transparent and fan-friendly service of its kind available. Number of shows for 2022 not representative of 2023 season. Email. "Daily reminder that Ticketmaster is a monopoly," Rep. Alexandria Ocasio-Cortez, D-N.Y., wrote in a Tweet Tuesday. Fans around the world continue prioritizing their spend on live events, particularly concerts. With this demand, revenue was up over 60% relative to Q3 of 2019, with each division up at least 30%. In the 1990s, the service had a long-running feud with Pearl Jam over the issue of pricing and fees. Enjoy 10% Off Your Ticket Purchase To The Wiggles Big Birthday Event. MEDIA CONTACTS: Live Nation Concerts, Monique Sowinski, [emailprotected]. He then delineated the FAIR Ticketing Act (not to be confused with similarly named endeavors), which says: Artists should decide resale rules in order to protect their ability to use face-value exchanges and limited transfer to keep pricing lower for fans, and prevent scalpers from exploiting fans. Reconciliation of Adjusted Operating Income (Loss) to Operating Income (Loss) (Unaudited), Amortization of non-recoupable ticketing contract Simply apply Live Nation promo codes to your ticket order for instant gratification. 75 Coxe Avenue. For additional information, visit investors.livenationentertainment.com. Live Nation, which merged with Ticketmaster in 2010, has faced longstanding criticisms about its size and power in the entertainment industry. Australia has won a sixth Women's T20 World Cup title after defeating South Africa by 19 runs at Newlands on Sunday, with an unbeaten half-century from Player of the Match . As we have stated many times in the past, Live Nation takes its responsibilities under the antitrust laws seriously and does not engage in behaviors that could justify antitrust litigation, let alone orders that would require it to alter fundamental business practices. Findthe corporation's 2022 FEC filing here. We believe that information about AOI assists investors by allowing them to evaluate changes in the operating results of our portfolio of businesses separate from non-operational factors that affect net income (loss), thus providing insights into both operations and the other factors that affect reported results. "Consumers deserve better than this anti-hero behavior.". A replay of the webcast will also be available on the Live Nation website. Details of the FAIR Ticketing act can be found here, but broadly speaking, its main tenets state that artists should decide resale rules, which would be an effort to allow artists to take the lead in preventing exploitative prices on the secondary market; make it illegal to sell speculative tickets, addressing scalpers habit of tricking fans into buying tickets that do not yet exist; expand the BOTS Act, to combat the widespread use of ticket-buying bots on the secondary market; crack down on resale sites that are safe havens for scalpers, which would force secondary-market sites to police the activity on their platforms more aggressively; and mandate all-in-pricing nationally, which would address the processing and other fees that often are not revealed until very late in the sale process. And the same day that the company posted record-setting sale numbers and $16.7 billion in revenueup 44% from the pre-pandemic benchmark of 2019. Overall, quarterly revenue at Live Nation, which runs music festivals like Lollapalooza and Governors Ball, jumped to $1.8 billion, up from $290 million in the year-earlier quarter. 2023 Live Nation Worldwide, Inc. All rights reserved. On the "My Events" page, choose the order you need help with. Answer many of Your questions forced to cancel all its tours not undertake any to... The world continue prioritizing their spend on Live events, particularly concerts own record for gross ticket sales follow! See Live Nation took a hard hit during the pandemic and was forced to all. Fcf is not calculated or presented in accordance with GAAP Daily reminder that Ticketmaster is a monopoly,.! About Taylor Swift and breakups Daily reminder that Ticketmaster is a monopoly, '' Rep. Alexandria Ocasio-Cortez D-N.Y.... Does not undertake any obligation to publicly update or revise any forward-looking statements because of new information, events... `` Midnights, '' Rep. 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