Live Nation posts impressive Q1 results

Live Nation Entertainment has announced that its revenues for the first quarter of 2014 were up 22% year-on-year to $1.1 billion (£590 million). The company also reported an 11% increase in concert attendance, with more than nine million people attending some 4,800 Live Nation-promoted events. CMU Daily report that other areas of the company also helped drive the increase in revenues, with artist management firm Artist Nation increasing its revenues by 44% year-on-year to $73 million (£43 million). Ticketing revenue came in at $355 million (£209 million), up 9%, and sponsorship and advertising income came in at $45 million (£26.5 million) for the first quarter of the year, an increase of 13%.