live nation entertainment in (LYV) Key Developments
Live Nation Entertainment, Inc. to Lay off 197 Employees
Jun 25 15
Live Nation Entertainment Inc. will be laying off 197 employees, including bartenders, bussers, servers, directors, cooks, sales people, stage hands, managers and security, starting 31 July. However, the notice also said certain employees may be offered an opportunity to transfer to other Live Nation Entertainment operations, but it did not say which.
Live Nation Entertainment, Inc. Presents at 43rd Annual J.P. Morgan Global Technology, Media and Telecom Conference, May-18-2015
May 15 15
Live Nation Entertainment, Inc. Presents at 43rd Annual J.P. Morgan Global Technology, Media and Telecom Conference, May-18-2015 . Venue: The Westin Boston Waterfront, 425 Summer St., Boston, MA 02210, United States.
Live Nation Entertainment, Inc. Names Jordan Zachary as Chief Strategy Officer
May 13 15
Live Nation Entertainment announced that Jordan Zachary has been named Chief Strategy Officer, reporting to President and CEO Michael Rapino. Zachary joins
Live Nation from The Raine Group, where as a managing director of the merchant bank.
Live Nation Entertainment, Inc. Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2015; Reiterates Capital Expenditure Guidance for 2015
Apr 30 15
Live Nation Entertainment, Inc. announced unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company’s revenue was $1,120.3 million compared to $1,127.3 million a year ago. Adjusted operating income was $69.6 million compared to $82.6 million a year ago. Operating loss was $23.9 million compared to $12.3 million a year ago. Free cash flow was $24.0 million compared to $35.1 million a year ago. Net cash provided by operating activities was $342,546,000 compared to $366,608,000 a year ago was impacted by higher payments for event-related expenses for shows later in the year as compared to last year. Total capital expenditures for the first quarter were $26 million compared to $21 million last year. Net loss for the quarter was $58 million versus a loss of $32 million last year, driven by a $21 million noncash adjustment to certain working capital accounts based on changes in exchange rates. Revenue for the first quarter was driven by growth in Ticketing, with both primary and secondary delivering strong results year-over-year.
The company expects that total capital expenditures for 2015 will be in line with the guidance it had previously given at approximately 2% of revenue.
Live Nation Entertainment Seeks Acquisitions
Apr 30 15
Live Nation Entertainment, Inc. (NYSE:LYV) is seeking acquisitions. Michael Rapino, Live Nation's President & Chief Executive Officer, said "We think we have a strong global portfolio. We'll be opportunistic if we think there's other ones available that we can add to our platform and if we think we can buy them and effectively add our synergies and make them instantly accretive acquisitions, we think those are good opportunities we will continue to pursue."