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Live Nation

Live Nation Report 98% Drop In 2020 Second Quarter Revenue


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The effects of the COVID-19 pandemic have ravaged the music and live entertainment industry particularly hard and Live Nation Entertainment‘s newly revealed second quarter revenue for 2020 are stark proof of that.

During that quarter (April 01st to June 30th) last year, the ticketing and promotion behemoth (and parent company of Ticketmaster) posted roughly $2.6 billion in revenue. According to Rollingstone.com, this year saw the company’s second quarter bring in $141.8 million, which when combined with the $86 million paid out in refunds for cancelled shows and tours, meant a roughly 98% dip in revenue from last year.

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Despite the bleak numbers, Live Nation stated that 86% of fans have opted to keep previously purchased tickets for rescheduled shows instead of refunding them. It should also be noted that during the second quarter of this year Ticketmaster and Live Nation drew heavy criticism for their refund policy. Amid widespread public outcry and the threat of official governmental probes, the company revised that policy in late April.

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