Monday, 10 March 2014

Losses down at Live Nation

Live Nation Entertainment has released its full year figures for 2013, which show an 11% increase in revenues of $6.5 billion, and a reduced net loss - with revenues boosted by successful EDM and country music concerts. The net loss was reduced to $36 million in 2013, down from $162 million in 2012. Ticketmaster sold nearly 400 million but the Group's revenues from artiste management decreased from 9% from $101.3 million in 2012 to $91.8 million in 2013 reflecting the departure of former executive chairman Irving Azoff on December 31st 2012.  Long term debt is $1.5 billion and short trem debt $284 million. 

No comments:

Post a Comment