Get the latest gossip
Live Nation Posts Record $6 Billion in Revenue for Second Quarter, Although Astroworld Settlements Reach $280 Million
Live Nation posted record revenue of $6 billion for the second quarter of 2024, although its Astroworld settlements have reached $280 million.
Venue Nation’s strategic investments in hospitality and infrastructure are driving strong returns as more attendees maximize their onsite experiences. While operating income will be impacted negatively by one-time accruals, we are on track to deliver double-digit AOI growth for the year and look forward to a very busy 2025.” It’s sponsorship division showed a 3% growth in revenue to $312 million, and noted expanded relationships with brand partners including a multi-year, multi-festival partnership with Coca-Cola, an extension with Hulu to be the official streaming destination for three of the biggest festival brands (Bonnaroo, Lollapalooza, and Austin City Limits), and a partnership spanning more than 40 festivals in the U.S. with BeatBox.
Or read this on Variety