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Friday, August 1, 2014

Live Nation

GOT LIVE IF YOU WANT IT: Live Nation's Q2 earnings report shows increases of revenue, AOI, cash flow and ticket sales, as Michael Rapino's entertainment behemoth looks forward to yet another record year. The report reflects increasing market share and anticipates yearly growth in primary, secondary and mobile ticketing, sponsorships and the freshly realigned management division; you can dig into the specifics here. The company anticipates 40%+ growth for the year in the major-artist shows it promotes; it's currently promoting 21 of the Top 25 global tours. As of this writing, LN stock was trading at $21.60, not far from its 52-week high. (8/1p)

 
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