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Live Nation Leans on Arenas & Amphitheaters in Record-Setting Second Quarter
Live Nation's earnings for Q2 2024 saw the concert giant set a new revenue record, with total revenue growing 7% to $6.02 billion.
“We continue to see strong demand globally, with a growing variety of shows attracting both casual and diehard fans who are buying tickets at all price points, which speaks to the unique experience only live concerts can provide,” CEO Michael Rapino said in a statement. Almost a third of Live Nation’s amphitheaters have been updated since 2022 — including with new bar designs and upgraded VIP boxes — and have produced an aggregate return of over 30%, according to the company. The latest numbers show the extent to which Live Nation has grown since the touring business returned from pandemic-era shutdowns in 2020 and 2021.
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