Get the latest gossip
Labels, Publishers and Streamers Lead Music Stocks’ Rebound After Tumultuous Prior Week
Warner Music Group, Reservoir Media and Spotify were among the week's biggest gainers as stocks recovered from a tumultuous previous week.
CEO Michael Rapino gave investors a convincing narrative about Live Nation’s past, present and future at the Goldman Sachs Communacopia & Technology Conference on Tuesday (Sept. 10). Speaking about the potential for growth outside of the U.S., Rapino talked about taking the model used in Austin, where it built the Moody Center(in partnership with Oak View Group) and is getting “25-plus-percent return on capital.” And it can be done more affordably than the cost of many arenas in the U.S. “We’re not building a billion-dollar Chase Center [the home of the Golden State Warriors basketball team in San Francisco],” Rapino said.
Or read this on Billboard