With the vaccines on the way, is the concert promoter ready to surge?
News & Analysis: Live Nation Entertainment
The Ticketmaster parent should be just fine in the long run, but the stock will probably have to cool down before really taking off.
Could a vaccine be the key to recovery in the entertainment business?
LYV earnings call for the period ending September 30, 2020.
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With the concert scene shut down, the live entertainment company is burning cash at a rate of $185 million per month.
The leading concert promoter has hit some sour notes lately, but the show must go on.
A whopping 86% of ticket holders for canceled Live Nation concerts are keeping their seats for rescheduled shows. Carnival, Royal Caribbean, and Norwegian Cruise Line haven't been so lucky.
The parent company of Ticketmaster is taking the COVID-19 pandemic's fallout on the chin.
LYV earnings call for the period ending June 30, 2020.