Mid-day Extra: What Live Nation’s earnings mean for music
Share Now on:
Quarterly earnings from Live Nation came out yesterday — that’s the music and ticketing giant that is responsible for a lot of the big summer tours across the country.
Although they posted a bit of a revenue loss last quarter, their net income was actually up. And profits so far this year are positive, after a $100 million plus loss in the same period last year.
In today’s Mid-day Extra, we ask: are things really looking up for the music business?
For answers, we went to MTV News reporter Jocelyn Vena.
She said that in part, sales were up because of the stellar summer concert season, and that those who put on the shows are also more conscious about trying to keep prices reasonable for fans.
And despite the fact that this quarter, numbers could be down again — due in part to losses on the Ticketmaster side of the business resulting from the NBA lockout — 2012 could be an even bigger year for concerts.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.