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.
Marketplace is on a mission.
We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.
Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?