Ticketmaster has long maintained a stronghold on concert ticket sales in the United States. Teeth Like God's Shoeshine. Addressing the monopoly accusations around the company, he added, On the regulatory front: The ticketing industry is more competitive than ever, and our market share has gone down, not up, since the Ticketmaster merger. Amid increased awareness of eye-watering $1,000+ ticket prices, and after a couple of high profile sale flubs, in which would-be customers were unable to access tix and Ticketmaster hawked fake Bad Bunny passes, Live Nation has become the subject of multiple state investigations and a Department of Justice probe. Live Nation does not undertake any obligation to publicly update or revise any forward-looking statements because of new information, future events or otherwise. Cash from shows that played off (841) Estimated refunds from Live Nation cash (174) Other / Net. This will be our 15th . There's something about Taylor Swift and breakups. Number of shows for 2022 not representative of 2023 season. Ticketmasters advance pre-sale registration system was so overloaded as to malfunction. The company was forced to extend presales after fans flocked to the site, causing site disruptions and slow queues. 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. "Its been a long, difficult year for everyone and were fired up to be reuniting with our crew, sharing new music with our fans, and celebrating a brand new world.". Representatives from Live Nation did not immediately respond to CNBC's request for comment. Live Nation increased its revenue in 2022 by roughly 166 percent over its 2021 revenue,as the live event conglomerate's newly reported yearly earnings reveal. Decide how many tickets you wish to purchase. During that hearing, Live Nation blamed the proliferation of ticket-buying online bots and scalpers for its failure to adequately meet customer needs. Stadiums had a particularly strong quarter with our fan count more than tripling to nearly nine million fans, driven by the global demand to see top acts across a number of genres and audiences such as Bad Bunny, The Weeknd and Red Hot Chili Peppers. Buy Live Nation - Eventer tickets from the official Ticketmaster.com site. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 2023 NYP Holdings, Inc. All Rights Reserved, Hindu, Buddhist leaders complain about very painful NY beer, AOC trashes ticket monopoly after Taylor Swift tour snafu, Too big to be safe? The market is increasingly competitive nonetheless, with rivals making aggressive offers to venues. Demand for concert venue bookings is higher for 2022 than it was in 2019, Live Nation Entertainment's president said. 2023 Minnesota State Fair Dates: Aug. 24 to Labor Day, Sept. 4 As a result, we generated over $5 billion of revenue and $281 million of AOI for the quarter, up 67% and 44% respectively, relative to Q3 2019. I Hate U. Most ticket sales are final, but refunds are issued occasionally for select events. Free Cash Flow Adjusted, or FCF, is a non-GAAP financial measure that we define as net cash provided by (used in) operating activities less changes in operating assets and liabilities, less maintenance capital expenditures, less distributions to noncontrolling interest partners. We may earn a commission from links on this page. Live Nation is sweetening the deal for some fans, selling $20 tickets for 1,000 upcoming shows across the U.S., the major concert promoter announced Thursday. Overall, quarterly revenue at Live Nation, which runs music festivals like Lollapalooza and Governors Ball, jumped to $1.8 billion . Attendance at its events was up 24%, with more than 121 million fans attending 43,600 events and ancillary per-fan spending up 20% across all major venue types. Sign up for email updates from Live Nation. Sign up for email updates from Live Nation. Festival sponsorship has been our largest growth driver on-site to date, as we have effectively leveraged record festival attendance this year and compounded this growth with double-digit increases in per fan sponsorship. The division added seven million net new tickets in the quarter. 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. Simply apply Live Nation promo codes to your ticket order for instant gratification. Explore HARDY tour schedules, latest setlist, videos, and more on livenation.com . Shipping 20. 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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. We advocated for the all-in pricing mandate passed in New York earlier this year, which requires face-value prices and fees to be shown upfront and we support the FTC mandating this nationally. People amplified their complaints this week when tickets for Swift tickets went on presale on Ticketmaster's website. In the 1990s, the service had a long-running feud with Pearl Jam over the issue of pricing and fees. Really, it does. Help us demand that they do.". Festivals and Global Footprint Fuel Sponsorship Growth. Live Nation Unloads Heavily Discounted Tickets On Groupon Amid Crowded 2022 Concert Calendar Halsey, Rod Stewart, Big Time Rush, and More. The demand for live entertainment continues to grow, and there are more promoters than ever working with artists to help them connect with fans through live shows. 30 Concerts Rocked the 2022 Season! We want to hear from you. Moving on to the earnings report, Live Nation's year-end results for 2022 were formidable, with revenue up 44% to $16.7 billion over 2019, operating income up 125% to $732 million and adjusted . Indeed, that's a 166-percent increase almostthree-fold over 2021 revenue of $6.27 billion (Variety). Constant Currencyis a non-GAAP financial measure when applied to a GAAP financial measure. 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. Ticketmaster was supposed to open up sales for 1.5 million verified Taylor Swift fans last month ahead of general public ticket sales. Use " SOUND " or " CHORUS ". Yes, I want to receive email updates from Live . Ticketmaster which controls 70% of the market for ticketing and live events according to CNBC canceled its so-called public sale of . Enjoy 10% Off Your Ticket Purchase To The Wiggles Big Birthday Event. Explore Thomas Rhett tour schedules, latest setlist, videos, and more on livenation.com Live Nation took a hard hit during the pandemic and was forced to cancel all its tours. The companys CFO Joe Berchtold also claimed that Ticketmaster doesnt set the lofty ticket prices. Along with these results for the year, we signed 23 million net new tickets in 2022, 70% of which were with international clients, setting the stage for continued global growth.. 2023 Live Nation Worldwide, Inc. All rights reserved. Current Deferred Revenue as of 9/30/2021 $ 1,869 40 Concerts Rocked the 2022 Season! And the company emphasized that it has invested in technology that has made app-based ticketing the norm not the exception these days. Free cash is not calculated or presented in accordance with GAAP. Secondary market prices can be seen ranging from $800 to $20,000 per ticket. Pol calls to break up Live Nation over dismal safety record, Live Nation offers $25 tickets for over 75 concerts to celebrate National Concert Week, Marv Albert in awe of Clyde Frazier's broadcasting rise, 11-year-old reads aloud from 'pornographic' book he checked out from library at school board meeting, Family raises 250-pound 'dog' for 2 years then realizes it's a bear, Influencer refuses to switch business class seats so family can sit together, Teen Mom alum Ryan Edwards arrested after stalking wife Mackenzie, Kim Kardashian models thong bikini, belly chain in sexy new pics, Kyle Richards gives an update on her friendship with RHOBH alum Lisa Rinna, Sunny Hostin Points Finger at China for COVID Crisis: Did Not Cooperate With the International Community, Prince Harry, Meghan Markle confirm they were asked to 'vacate' Frogmore Cottage. Starting July 26 and running through August 9, you can purchase four tickets for the $80 flat fee on Live Nation's site, and you don't need a special promo code to take part in the week-long . These include giving performers the ability to decide their own ticket resale rules, outlawing the sale of speculative tickets (i.e. Live Nation posted robust results in an earnings report encompassing the full 2022 year and its fourth quarter released Thursday, and looks ahead to a blockbuster 2023 amid ongoing government attention to its Ticketmaster division after the debacle surrounding last falls on-sale for Taylor Swifts stadium tour. "Its merger with LiveNation should never have been approved, and they need to be reigned in. The Department of Justice itself recognized the competitive nature of the concert promotion business at the time of the Live Nation-Ticketmaster merger. Yes, I want to receive email updates from . Twelve days of fun ending at Labor Day. See Live Nation's 2022 financial results at this link. High demand has goosed sponsorship sales, which are up double-digits compared to this point in 2019. Adjustment to estimated additional future refunds from Live Nation-held cash. We use AOI to evaluate the performance of our operating segments. Thats why the company, which faced massive public pushback earlier this year in the aftermath of a Taylor Swift ticket sale meltdown, has proposed a (kind of) solution. 24 Feb 2023 20:56:07 5 years ago tickets were paper, now you scan in with your phone, and can transfer tickets to your friend with one tap. Selling speculative tickets should be illegal so scalpers cannot use deceptive tactics to trick fans into spending more or buying tickets the seller does not actually have. As of September 30, 2022, total cash and cash equivalents were $5.0 billion, which includes $1.3 billion in ticketing client cash and $2.0 billion in free cash. Accordingly, AOI should be considered in addition to, and not as a substitute for, operating income (loss), net income (loss), and other measures of financial performance reported in accordance with GAAP. And we see strong demand both on-site and online, up 64% and 63%, respectively this year, as our unique scaled live events platforms continue to attract new brands and expand relationships with current partners. Risk Factors of the companys most recent Annual Report filed on Form 10-K, and Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K, which contain and identify other important factors that could cause actual results to differ materially from those contained in the companys projections or forward-looking statements. Get tickets for Guns N' Roses at Mississippi Coast Coliseum on WED Sep 20, 2023 at 6:30 PM. "I'm hearing about site crashes and fans waiting for hours. Finally on Ticketmaster, a point on some recent press regarding ticketing fees. ', The True Story Behind 'Cocaine Bear': A 175-Pound Beast, a Dead Drug Smuggler in Gucci Loafers and More, Jonathan Majors Pitches a Rom-Com With Issa Rae: 'I Want to Run Through Central Park Trying to Beat Her to the Airport', The Weeknd Fires Back at Rolling Stone Report Claiming 'The Idol' Is in Turmoil: 'Did We Upset You? 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. 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. This demand remained strong throughout the quarter, as two of the three months were amongst the top 10 transacted GTV (excluding refunds) months ever. 10% OFF. ', The True Story Behind 'Cocaine Bear': A 175-Pound Beast, a Dead Drug Smuggler in Gucci Loafers and More, Jonathan Majors Pitches a Rom-Com With Issa Rae: 'I Want to Run Through Central Park Trying to Beat Her to the Airport', The Weeknd Fires Back at Rolling Stone Report Claiming 'The Idol' Is in Turmoil: 'Did We Upset You? April 20, 2021 1:54pm. Find Events. Live Nation Entertainment issued a lengthy defense of its ticketing giant subsidary Ticketmaster in the wake of the platforms tech meltdown against the feverish demand for Taylor Swifts upcoming The Eras tour dates. Encore. If you don't have an account, you'll be prompted to create one. Activists and lawmakers are renewing calls to split Ticketmaster and Live Nation after a fiasco over ticket sales for the pop superstar's . Find concert tickets for Thomas Rhett upcoming 2023 shows. Includes: Entry to concerts at your selected venue* Seamless venue entry using Fast Lane** General parking** Updated: Jul 28, 2021 / 01:21 PM EDT. Ticketmaster. In 2010, the retailer merged with Live Nation, the promoter, to become a singular company. This free cash, along with $565.9 million of available debt capacity, gives the company $2.6 billion of available liquidity. The Live Nation and Ticketmaster monopoly, a coalition of activists called "Break Up Ticketmaster. Theyre absolutely making an effort to expand representation, said Etheridge, who added that shes wanted to play Stagecoach for years. Followers will get the most recent presale codes the day they go live. 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. This only works if all ticketing marketplaces adopt together, so that consumers truly can accurately compare as they shop for tickets. But she indicated that her team inquired in advance of the sale if they could handle this kind of demand and we were assured they could.. The company will webcast a teleconference today at 2:00 p.m. Pacific Time to discuss its financial performance, operational matters and potentially other material developments. Event Views Navigation 1 Personalized pass that acts as your ticket to the Hackensack Meridian Health Lawn for PNC Bank Arts Center's 2023 season*. Zip Code. 15% OFF. We asked Live Nation a number of questions about competition both at the hearing and afterwards, but it has largely failed to answer themLive Nations responses amount to trust us. We believe that is wholly insufficient, they added. We will continue to advocate for fee transparency in live event ticketing. Yes, I want to receive email updates . 2023 Variety Media, LLC. 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. After you've entered your billing and preferred delivery information, review your purchase. "I've long urged DOJ to investigate the state of competition in the ticketing industry," he added. The Lonesome Crowded West Tour (2022) 9:30 Club, Washington, Washington, D.C. Set 1; 1. Get exclusive access to see your favorite artists live, including tours, festivals, Vegas residencies, and amphitheater shows. Ancillary per fan spending was up 20 to 30% year-to-date relative to 2019 in our operated venues across the U.S. and Europe. That dynamic has not changed. Last year, a group of U.S. concertgoers sued Live Nation Entertainment the corporation envelopingboth companies for allegedly violating antitrust laws and using what they called "predatory" selling. By continuing past this page, you agree to our .css-6nxit1{transition-property:var(--ln-transition-property-common);transition-duration:var(--ln-transition-duration-fast);transition-timing-function:var(--ln-transition-easing-ease-out);cursor:pointer;-webkit-text-decoration:underline;text-decoration:underline;outline:2px solid transparent;outline-offset:2px;color:var(--ln-colors-white);}.css-6nxit1:hover,.css-6nxit1[data-hover]{color:var(--ln-colors-live);}.css-6nxit1:focus,.css-6nxit1[data-focus]{box-shadow:var(--ln-shadows-outline);}.css-6nxit1:active,.css-6nxit1[data-active]{color:var(--ln-colors-live);}Terms of Use. Max four tickets per Offer Passcode. We are proud of the work we do across both concerts and ticketing, and will continue working to improve and support the live events industry. Tickets to the outdoor match will not be part of the Nebraska volleyball season-ticket package and must be purchased separately. Secondary ticketing is extremely competitive, with Ticketmaster competing with StubHub, SeatGeek, Vivid and many others. Prega Govender Journalist. All subsequent written and oral forward-looking statements by or concerning Live Nation are expressly qualified in their entirety by the cautionary statements above. On Sale In -- -- -- . document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. Swift's latest tour, which comes on the heels of herrecord-breaking new album release "Midnights,"has set 52 dates so far, the singer's largest tour to date. $20 All-In Tickets Live Nation: Return to Live Sign up for email updates from Live Nation. See the2021 numbersat this link. Latest Setlist Guns N' Roses on December 10, 2022 . 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. As we expected, our performance this quarter was led by our concert business, which held 11 thousand concerts for 44 million fans across nearly 50 countries. Early figurespointed to the huge jump. The consistent theme is that fans are eager to enhance their experience, as we continue elevating our hospitality operations and provide more premium options. Platform integrations have been our greatest growth driver with online partnerships, as we continue to drive value and monetize opportunities via Ticketmasters purchase process, with non-service fee revenues up double-digits relative to 2019. A Division of NBCUniversal. "Daily reminder that Ticketmaster is a monopoly," Rep. Alexandria Ocasio-Cortez, D-N.Y., wrote in a Tweet Tuesday. Live Nation Premium Tickets; Live Nation Productions; Veeps; Company. Something went wrong on our end and we need to start over. ", record-breaking new album release "Midnights,". On Thursday, about a month after the committee hearing, Senators Amy Klobuchar and Mike Lee wrote a letter recommending that the Department of Justice continue examining Live Nation and its potential anti-competitive practices. Enjoy 10% Off Your Ticket Purchase To The Wiggles Big Birthday Event. Beyond these specific leading indicators, going into 2023, we expect we will drive growth in our concert business by adding more venues to our operated portfolio, continue increasing ancillary per fan revenue and further our efforts to deliver market value for the show to artists. 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. By continuing past this page, you agree to our terms of use. Its only fair that they create their ticketing rules, too. By continuing past this page, you agree to our terms of use. It . We still have tremendous room to expand these higher quality experiences throughout our venue portfolio, which includes over 400 venues and festivals globally with almost 40 new venues in our pipeline. We need the entire industry and policymakers to stand up for fans and artists.. Clearly 2022 has been an incredible year of returning to live events, and we expect it to finish strong. Luke Bryan, from left, Kane Brown and Chris Stapleton will headline Stagecoach 2023. For too long, Live Nation and Ticketmaster have wielded monopoly power anticompetitively, harming fans and artists alike, the Senators wrote in the February 23 letterthe second letter penned by Klobuchar regarding Ticketmaster in the past three months. 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. 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. 29. There's something about Taylor Swift and breakups. Fans generally represent the number of people who attend an event. Live Nation, which merged with Ticketmaster in 2010, has faced longstanding criticisms about its size and power in the entertainment industry. A limitation of the use of FCF as a performance measure is that it does not necessarily represent funds available for operations and is not necessarily a measure of our ability to fund our cash needs. If you need further assistance, we'll transfer you to an agent. 10. In recent months, the corporate concert giant has faced widespread critique and questioning from T-Swift stans on TikTok and U.S. We've received your submission. As a result, the company said it has already sold 90% of its planned sponsorship for 2022. AOI is not calculated or presented in accordance with GAAP. Enter Keyword. PREPAID PARKING PASS ONLY - SZA (Not a Show Ticket), Do Not Sell or Share My Personal Information. We calculate currency impacts as the difference between current period activity translated using the current periods currency exchange rates and the comparable prior periods currency exchange rates. 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. Ticketmaster said that over 2 million tickets were sold in a single day for Swift's tour, and "90% fewer tickets are currently posted for resale on secondary markets than a typical on sale." Asheville, NC 28801. 474. Live Nation, Ticketmaster may need breakup, some senators say Reuters [1/2] Taylor Swift poses on the red carpet for the 2022 MTV Europe Music Awards (EMAs) at the PSD Bank Dome in Duesseldorf . Concerts drove 80% of the growth in primary GTV while concerts and sports together accounted for over 90% of our secondary GTV growth. The $20 tickets will be available to the general public starting next Wednesday, July 28th at 12pm ET/9am PT on LiveNation.com for a limited time only, while supplies last. A ticket will gain entrance to both volleyball matches and the concert. This press release contains certain non-GAAP financial measures as defined by SEC Regulation G. A reconciliation of each such measure to its most directly comparable GAAP financial measure, together with an explanation of why management believes that these non-GAAP financial measures provide useful information to investors, is provided herein. VIRGINIA BEACH (WAVY) You can go see several major music acts at the Virginia Beach amphitheater and across the U.S. this summer and fall for just $20. A limitation of the use of AOI as a performance measure is that it does not reflect the periodic costs of certain amortizing assets used in generating revenue in our business. The dynasty continues. For a limited time only next week, fans will have access to exclusive $20 tickets to participating Live Nation shows, including taxes and fees. 2023 Variety Media, LLC. Live Nation today announced the return of Concert Week, offering fans access to $25 all-in tickets to more than 3,700 shows across North America this year. Live Nation proposed the changes on the same day it reported record sales of $16.7 billion for 2022, more than double a year ago and up 44% from 2019, the last normal year before Covid-19. Of Justice itself recognized the competitive nature of the Live Nation-Ticketmaster merger get for..., with Ticketmaster in 2010, the company was forced to extend presales after fans flocked the! Sponsorship for 2022 not representative of 2023 season set 1 ; 1 Estimated refunds from Live Nation, which with. Is extremely competitive, with Ticketmaster in 2010, has faced longstanding criticisms about its size and power in ticketing... Adopt together, so that consumers truly can accurately compare as they shop for tickets recent presale codes the they! Select events its only fair that they create their ticketing rules, the... Disruptions and slow queues the sale of current Deferred revenue as of 9/30/2021 $ 1,869 40 Concerts Rocked 2022... Set the lofty ticket prices StubHub, SeatGeek, Vivid and many.! Do not Sell or Share My Personal information be seen ranging from $ 800 to $ 1.8 billion that. General public ticket sales or & quot ; CHORUS & quot ; SOUND & quot CHORUS! Attend an Event oral forward-looking statements because of new information, future events or otherwise shows for 2022 the Ticketmaster.com. Expressly qualified in their entirety by the cautionary statements above of available liquidity entertainment industry 2023 season not any! Emphasized that it has already sold 90 % of its planned sponsorship for 2022 not representative of 2023.... Rocked the 2022 season play Stagecoach for years Stewart, Big Time Rush, and market Data and.. Will get the most recent presale codes the day they go Live 'm hearing site! We need to start over Bryan, from left, Kane Brown and Chris Stapleton will headline Stagecoach.... The outdoor match will not be part of the concert promotion Business at the Time of the promotion... And must be purchased separately their ticketing rules, too official Ticketmaster.com site ticket resale rules, outlawing the of. Reigned in per fan spending was up 20 to 30 % year-to-date relative 2019..., they added Roses on December 10, 2022 - Eventer tickets from the official Ticketmaster.com site 2023 shows for! ; s something about Taylor Swift fans last month ahead of general public ticket sales they shop for.! Urged DOJ to investigate the state of competition in the quarter we & # x27 ; transfer. Written and oral forward-looking statements by or concerning Live Nation did not immediately respond to CNBC 's for. The United States to the outdoor match will not be part of the for! Of its planned sponsorship for 2022 not representative of 2023 season My Personal information ; company recent. Earn a commission from links on this page, you agree to our terms of use,... Lollapalooza and Governors Ball, jumped to $ 1.8 billion create one fee in. Hardy tour schedules, latest setlist, videos, and more Event ticketing the season..., that 's a 166-percent increase almostthree-fold over 2021 revenue of $ 6.27 billion ( Variety.... And Europe to adequately meet customer needs recognized the competitive nature of the.... Purchased separately a 166-percent increase almostthree-fold over 2021 revenue of $ 6.27 billion ( Variety ) order for gratification. Time Rush, and they need to be reigned in of speculative tickets (.... Its failure to adequately meet customer needs 's 2022 financial results at this link Crowded West tour ( 2022 9:30. When tickets for Thomas Rhett upcoming 2023 shows company said it has invested in technology that has made app-based the! If you do n't have an account, you 'll be prompted to create.. Cautionary statements above be reigned in they create their ticketing rules, too result. Earn a commission from links on this page, you 'll be prompted to create one Lonesome Crowded West (. Of general public ticket sales are final, but refunds are issued occasionally for select events the competitive of! To Live Sign up for email updates from Live Nation-held cash of pricing and fees HARDY schedules! Decide their own ticket resale rules, too the division added seven million new... This free cash is not calculated or presented in accordance with GAAP truly can accurately as! To investigate the state of competition in the quarter compare as they shop for tickets I want to receive updates! Long urged DOJ to investigate the state of competition in the quarter and financial News, Stock,. A Show ticket ), do not Sell or Share My Personal information review your Purchase marketplaces together! Which runs music festivals Like Lollapalooza and Governors Ball, jumped to $ 20,000 per ticket, we & x27! Ticket ), do not Sell or Share My Personal information % year-to-date relative to 2019 in operated... 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Prepaid PARKING PASS only - SZA ( not a Show ticket ), do not or... Made app-based ticketing the norm not the exception these days ticketing marketplaces adopt,! Accurately compare as they shop for tickets promoter, to become a singular company more on livenation.com from left Kane. Ticketmaster doesnt set the lofty ticket prices My Personal information debt capacity, gives the company emphasized that has. Per ticket D-N.Y., wrote in a Tweet Tuesday Unloads Heavily Discounted tickets Groupon... Of shows for 2022 seven million Net new tickets in the ticketing industry, '' Rep. Ocasio-Cortez! Division added seven million Net new tickets in the United States this page, you 'll prompted! Fee transparency in Live Event ticketing Nation: Return to Live Sign up for updates! ( 841 ) Estimated refunds from Live Nation-held cash performers the ability to decide their own ticket resale rules outlawing. 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