Get the latest gossip
Any Concern Over Tour Cancellations? What You Should Know About Live Nation’s Q2 Earnings Call
Live Nation’s cancellation rates are “in line with historical trends,” said president and CFO Joe Berchtold: here's what else you should know.
A notable hiccup during the second quarter was an antitrust lawsuit brought by the U.S. Department of Justice in May, although that hasn’t impacted operations and will take years to move through the courts. During Tuesday’s earnings call, CEO Michael Rapino and president/CFO Joe Berchtold gave analysts and investors their thoughts on recent tour cancellations, expectations for the second half of 2024 and next year, and Live Nation’s long-term growth rate. The necessary trends are in place, said Rapino: the globalization of the market, the supply of artists, consumer demand, the fan experience and favorable economic factors.
Or read this on Billboard