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Since 1989 Elite Pool Covers have designed and manufactured an extensive range of high quality affordable manual,semi-automatic and fully-automatic pool cover systems for the harsh Australian…
read moreLive Nation, the entertainment giant that owns Ticketmaster, has reported its biggest year ever in 2023, with soaring revenue driven by 145 million fans attending 50,000 events “from clubs to stadiums”.
In its end-of-year report, the company said concert attendance driven by international tours from mega-artists as Taylor Swift and Beyoncé - was up by 20% compared to 2022, prompting a 36% increase in total revenue to US$22.7 billion, while operating income went up 46% to US$1.07 billion.
Commenting on the results, Live Nation President and Chief Executive, Michael Rapino stated “the live music industry reached new heights in 2023, and demand for live music continues to build.
“Our digital world empowers artists to develop global followings, while inspiring fans to crave in-person experiences more than ever.
“At the same time, the industry is delivering a wider variety of concerts which draws in new audiences, and developing more venues to support a larger show pipeline.
“Against this backdrop, we expect all our businesses to continue growing and adding value to artists and fans as we deliver double-digit operating income and AOI growth again this year, with our profitability compounding by double-digits over the next several years.”
The report also highlighted the global industry expansion in its blockbuster year, with 50% more international acts in the top 50 tours, and 15% more shows on average, compared to five years ago - before the pandemic brought the live entertainment industry to a halt.
Live Nation’s investment in artists increased by over 40% to over US$13 billion, with the report noting that it promoted “nearly 7,000 touring artists in 40+ countries”.
Click here to read details from Live Nation’s 2023 end-of-year report.
Image: Taylor Swift on stage: Credit: Paolo Villanueva via Wikimedia Commons.
12th February 2024 - Live Nation study reveals true impact of live music in building brand loyalty
15th December 2023 - Ticketmaster announces new partnership with Cbus Super Stadium and extension of Stadiums Queensland relationship
14th December 2023 - Post-pandemic recovery of live entertainment led by international acts
24th November 2023 - Live Nation’s Spilt Milk music festival returns for its highest ever attendance per event
8th November 2023 - Mastercard and Live Nation partner to offer exclusive experiences for cardholders
3rd November 2023 - Live Nation generates record revenues and attendances in last quarter
25th October 2023 - Roger Field exits role as President of Live Nation Asia Pacific
18th September 2023 - Live Nation study finds that fans are more loyal to brands that offer live music perks
6th September 2023 - Live Nation Australia collaboration to deliver BBC Earth Experience for Melbourne
25th August 2023 - Live Nation Australia partners with children’s cancer charity to raise much-needed funds
24th August 2023 - Live Nation to present music performances at Westfield destinations across Australia and New Zealand
22nd August 2023 - Vodafone and Live Nation partner to give customers exclusive access to Australia’s most anticipated live music acts
27th July 2023 - Live Nation and The Push launch Music Industry Mentoring Program For Emerging Talent
25th July 2023 - Live Nation undertakes upgrades at Anita’s Theatre in Thirroul
14th July 2023 - Live Nation release consumer App combining music and meditation
22nd May 2023 - Live Nation and South Korea’s Busan city to develop new 20,000-capacity arena
9th May 2023 - Live Nation first quarter results show soaring fan demand for concerts
24th March 2023 - Ticketmaster announces artists it expects to take off in 2023
23rd March 2023 - Live Nation announces acquisition of majority stake in Clockenflap Festivals and Clockenflap Presents in Hong Kong
17th March 2023 - Live Nation secures lease to operate Melbourne’s Festival Hall
8th March 2023 - Live Nation Australia announces partnership with Asahi Beverages
9th July 2022 - Live Nation Philippines threatens ‘legal action’ over unauthorised selling of Manila concert tickets
13th May 2022 - Live Nation project aims to make Middle East concert tours more environment-friendly
9th May 2022 - Live Nation advises of soaring revenues over last quarter
4th March 2022 - ASM Global, Live Nation and Oak View Group pledge to end doing business with Russia
24th February 2022 - Live Nation expresses optimism about the power and resurgence of live events
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