Friday, 26 February 2016

Live Nation: 2015 was a "Record year"

Boosted by a strong fourth quarter, Live Nation posted revenues up 11% at $7.6 billion in 2015 and adjusted operating income of $616 million, up 11%, both at constant currency. In the fourth quarter of the year, revenues were up 17% to $1.8 billion, but with an operating loss of $34m.

In a letter to shareholders, CEO Michael Rapino labelled 2015 “a record year” for Live Nation saying "We built on our global leadership position in every part of our business, with more fans in both North America and internationally and across our full portfolio of arenas, amphitheaters, festivals, theaters and clubs" and the company said " We continue to see the tremendous power of live events, with strong global consumer demand.  Live is a truly unique entertainment form - it cannot be duplicated.  It is elevated, not threatened by technology and is borderless.  Fans around the world can now discover, follow, share and embrace artists, creating greater demand for live shows."

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