Losses Widen At Live Nation
Ticketmaster Sales Down 12.6%
Net losses at concert promotion and ticketing giant Live Nation grew $34.6 million in the last 3 months rising from $27.2 million in the same quarter last year. Just weeks ago, Live Nation stock plunged 17% after a rocky presentation to investors.
The number of Live Nation produced concerts declined by 2.7% in the last quarter compared to a year ago to 5,553 and total attendance fell 5.7% with total revenue per attendee down 1.4%. Ticketing arm Ticketmaster sold 12.6% fewer tickets comaperd to Q2 last year