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LYV $127.02

LYV target price
127.02
0
120
Live Nation Entertainment, Inc.
Type
Public company
Traded as NYSE: LYV
S&P 400 Component
Industry Entertainment
Founded 2010
Headquarters Beverly Hills, California, U.S.
Area served
Worldwide
Key people
  • Greg Maffei (Chairman)
  • Michael Rapino (CEO, director, president)
Revenue Increase US$ 8.355 billion (2016)
Operating income
Increase US$ 180.89 million (2016)
Net income
Increase US$ 2.94 million (2016)
Total assets Increase US$ 6.764 billion (2016)
Total equity Decrease US$ 1.126 billion (2016)
Owner Liberty Media (34.2%)
Number of employees
Full-time: 6,600
Part-time: 13,000
Subsidiaries Roc Nation
Ticketmaster
Live Nation Concerts
Front Line Management Group
Live Nation Network
C3 Presents
AC Entertainment
Rj Entertainment World Wide
Website livenationentertainment.com

Live Nation Entertainment is an American global entertainment company, formed from the merger of Live Nation and Ticketmaster. It owns, leases, operates, has booking rights for and/or equity interests in a large number of U.S. entertainment venues. The leadership consists of Greg Maffei (chief executive officer of Liberty Media) as chairman and Canadian Michael Rapino (previously chief executive officer of Live Nation) as president and CEO of the company.

The merger that formed the company was opposed by members of the United States Congress, business rivals, and the Computer & Communications Industry Association (CCIA), whose members include Google, Oracle, Microsoft, Yahoo, Intuit, and eBay.

The merger initially received regulatory approval in Norway and Turkey in 2009. In October 2009, the United Kingdom's Competition Commission provisionally ruled against the merger. On December 22, 2009, the Competition Commission reversed its decision and cleared the proposed merger. The United States Justice Department approved the merger on January 25, 2010, with some conditions to which both parties agreed.

As part of the agreement with governments to merge, Ticketmaster had to sell its ownership in its self-ticketing company, Paciolan and Live Nation Entertainment was placed under a 10-year court order prohibiting it from retaliating against venues that choose to accept competitors' ticket-selling contracts, and it "must allow venues that sign deals elsewhere to take consumer ticketing data with them".

In addition, the new company had to license a copy of its ticketing software to two companies—Anschutz Entertainment Group (AEG) and either Comcast Spectacor or another "suitable" company—so that both companies could compete "head-to-head" with Ticketmaster for venues’ business. AEG was given the option after five years to buy the software, replacing it with something else, or partnering with another ticketing company.

In December 2014, Live Nation Entertainment acquired Austin-based live entertainment and artist management company C3 Presents.

Live Nation Entertainment bought AC Entertainment, a Knoxville Tennessee music company in October 2016.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2022 2023-02-23 Future report Set alerts
Q3 2022 2022-11-03 1.39 1.39
Q2 2022 2022-08-04 0.66 0.66
Q1 2022 2022-05-05 -0.39 -0.39
Q4 2021 2022-02-23 -0.86 -0.86
Q3 2021 2021-11-04 0.19 0.19
Q2 2021 2021-08-03 -0.90 -0.90
Q1 2021 2021-05-06 -1.44 -1.44
Q4 2020 2021-02-25 -2.04 -2.04
Q3 2020 2020-11-05 -2.45 -2.45

Ratings

2016-05-04 Reiterated Rating Macquarie Buy $30.00 to $31.00
2016-05-04 Reiterated Rating Albert Fried & Company Buy $34.00
2016-05-02 Upgrade Northcoast Research Neutral to Buy $27.00
2016-04-12 Lower Price Target Macquarie Outperform $31.00 to $30.00
2016-03-29 Initiated Coverage BTIG Research Neutral
2016-02-28 Reiterated Rating Albert Fried & Company Outperform $34.00
2016-01-14 Reiterated Rating Jefferies Group Buy
2015-12-30 Reiterated Rating Macquarie Buy $32.00
2015-12-08 Reiterated Rating Albert Fried & Company Overweight $34.00
2015-10-30 Upgrade Albert Fried & Company Market Perform to Overweight $28.00 to $34.00
2015-10-30 Boost Price Target Jefferies Group Buy $30.00 to $31.00
2015-10-08 Initiated Coverage Citigroup Inc. Buy $30.00
2015-09-20 Initiated Coverage Maxim Group Buy
2015-09-18 Initiated Coverage Gabelli Buy $33.00
2015-06-25 Reiterated Rating Macquarie Buy $32.00
2015-06-05 Reiterated Rating Macquarie Outperform $30.00 to $32.00
2015-05-28 Reiterated Rating Maxim Group Buy $32.00 to $34.00
2015-05-01 Upgrade Stifel Nicolaus Hold to Buy $31.00
2015-04-09 Boost Price Target Maxim Group Buy $28.00 to $32.00
2015-03-09 Downgrade Albert Fried & Company Overweight to Market Perform $28.00
2015-02-27 Boost Price Target Jefferies Group Buy $27.00 to $30.00
2015-01-29 Boost Price Target Maxim Group Buy $27.00 to $28.00
2014-12-08 Downgrade Northcoast Research Buy to Neutral
2014-09-11 Initiated Coverage Jefferies Group Buy $27.00
2014-09-02 Upgrade Northcoast Research Neutral to Buy $28.00
2014-08-01 Lower Price Target Maxim Group Buy $29.00 to $27.00
2014-07-15 Reiterated Rating Macquarie Outperform $26.00 to $28.00
2014-07-11 Reiterated Rating Maxim Group Buy $29.00
2014-05-28 Downgrade Sterne Agee CRT Buy to Neutral $26.50
2014-05-07 Boost Price Target Maxim Group Buy $26.00 to $29.00
2014-02-25 Boost Price Target Sterne Agee CRT $24.00 to $26.50
2014-02-07 Initiated Coverage Evercore ISI Buy
2014-01-17 Initiated Coverage Sterne Agee CRT Buy $24.00
2014-01-02 Initiated Coverage Macquarie Outperform $24.00 to $19.76
2013-11-06 Boost Price Target Evercore ISI Equal Weight $20.00
2013-09-30 Upgrade Ned Davis Research Neutral to Buy
2010-07-16 Reiterated Stifel Nicolaus Buy $17 to $14
2010-07-16 Reiterated Morgan Joseph Buy $14 to $13
2010-06-28 Upgrade Morgan Joseph Hold to Buy $14
2008-11-12 Downgrade CL King Accumulate to Neutral
2008-09-12 Reiterated CL King Accumulate $19 to $20
2008-08-22 Reiterated CL King Accumulate $17 to $19
2008-08-08 Upgrade CL King Neutral to Accumulate $17
2008-02-29 Downgrade Morgan Joseph Buy to Hold
2008-02-27 Reiterated Morgan Joseph Buy $25 to $15
2007-09-20 Initiated JP Morgan Overweight
2007-03-27 Upgrade Matrix Research Sell to Hold
2016-05-04 Reiterated Rating Macquarie Buy $30.00 to $31.00
2016-05-04 Reiterated Rating Albert Fried & Company Buy $34.00
2016-05-02 Upgrade Northcoast Research Neutral to Buy $27.00
2016-04-12 Lower Price Target Macquarie Outperform $31.00 to $30.00
2016-03-29 Initiated Coverage BTIG Research Neutral

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Liberty Media Corp 28.56%  (57259205) BKS / CHTR / LMCA / LYV / SIRI /
Hubbard Nathan CEO - Ticketmaster 0.23%  (461071) LYV /
Rapino Michael President & CEO 0.18%  (357956) LYV / SIRI /
AZOFF IRVING Executive Chairman 0.17%  (345768) LYV / STRZA /
Willard Elizabeth Kathleen EVP & Chief Financial Officer 0.16%  (319338) LYV /
Rowles Michael EVP & General Counsel 0.11%  (216237) LYV /
Berchtold Joe Chief Operating Officer 0.08%  (168409) LYV /
MAYS RANDALL THOMAS 0.05%  (90926) LYV /
MAFFEI GREGORY B 0.04%  (77669) BKS / CHTR / GNCMA / LBRDK / LINTA / LMCA / LVNTA / LYV / P / SIRI / STRZA / TRIP / Z / ZG /
KAHAN JAMES S 0.04%  (76994) FTR / LYV /
Emanuel Ariel 0.04%  (75737) LYV /
HINSON JEFFREY T. 0.03%  (64259) ACRE / LYV / TIVO / WIN /
Carleton Mark D 0.02%  (43423) AIRM / BKS / GNCMA / LINTA / LMCA / LYV / SIRI /
SHAPIRO MARK S 0.02%  (41318) EQR / FTR / LYV / PZZA /
ENLOE ROBERT TED III 0.01%  (23450) LEG / LYV / SLAB /
Dolgen Jonathan L 0.01%  (19233) EXPE / LYV /
Iovine Jimmy 0.01%  (19088) LYV /
Johnson Margaret L 0.01%  (10726) BLK / LYV / MSFT / QCOM /