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Last $25.58 USD
Change Today -0.41 / -1.58%
Volume 898.3K
LYV On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

9348 Civic Center Drive

Beverly Hills, CA 90210

United States

Phone: 310-867-7000

Fax:

es and bundled product offerings. Through all of its ticketing services, the company sold 154 million tickets in 2014 on which it paid fees for its services. In addition, approximately 300 million tickets in total were sold using the company’s Ticketmaster systems, through season seat packages and its venue clients’ box offices, for which it does not receive a fee. The company sells tickets on behalf of its clients through its ticketing platforms worldwide. To provide ticketing technology services, the company is in the process of re-platforming portions of the company’s Ticketmaster ticketing system, which would result in an improved experience for its fans, and tools and information resources for its venue clients. The company offers ticket resale services, or secondary ticketing, through its integrated inventory platform, referred to as TM+, TicketsNow (in the United States and Canada), its TicketExchange service (in the United States, Europe, and Canada), and GET ME IN! (in the United Kingdom). The company enters into listing agreements with ticket resellers to post their ticket inventory for sale at a purchase price equal to a ticket resale price determined by the ticket reseller plus an amount equal to a percentage of the ticket resale price and a pre-determined service fee. The company remits the ticket resale price to the ticket resellers and retains the remainder of the purchase price as its fee. Artist Nation This segment primarily provides management services to music artists in exchange for a commission on the earnings of these artists. This segment also creates and sells merchandise for music artists at live performances, to retailers and directly to consumers through the Internet. Sponsorship & Advertising This segment employs a sales force that creates and maintains relationships with sponsors, through a combination of strategic, international, national and local opportunities that allow businesses to reach customers through the company’s concert, venue, artist relationship, and ticketing assets, including advertising on the company’s Websites. It works with its corporate clients to help create marketing programs that connect their brands directly with fans and artists. The company also develops, books, and produces custom events or programs for its clients’ specific brands, which are experienced by the clients’ consumers. These custom events could involve live music events with talent and media, using both online and traditional outlets. The company’s local and venue-focused sponsorships include venue signage, promotional programs, on-site activation, hospitality, and tickets; and are derived from various companies across various industry categories. Seasonality: The company experiences higher revenue in the second and third quarters as a large portion of sponsorships are associated with its outdoor venues and festivals, which are primarily used in or occur from May through September. Strategy The company’s strategy is to leverage its leadership position in live entertainment and its relationships with fans, venues, artists, and advertisers to sell more tickets. Its strategy is to expand its concert platform; drive conversion of ticket sales through development of innovative products; improve sponsorship and advertising; sell more tickets and drive reductions in the cost to sell a ticket; improve secondary ticket volume; and drive artist management through its other core businesses. Government Regulations The company is subject to federal, state and local laws, both domestically and internationally, governing matters, such as construction, renovation and operation of its venues; licensing, permitting and zoning, including noise ordinances; human health, safety and sanitation requirements; the service of food and alcoholic beverages; working conditions, labor, minimum wage and hour, citizenship and employment laws; compliance with the Americans with Disabilities Act of 1990 and the United Kingdom's Disability Discrimination Act of 1995; historic landmark rules; compliance with United States Foreign Corrupt Practices Act, the United Kingdom Bribery Act 2010, and similar re

 

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LYV:US $25.58 USD -0.41

LYV Competitors

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Company Last Change
CTS Eventim AG & Co KGaA €31.88 EUR +0.72
NightCulture Inc $0.01 USD -0.0053
SFX Entertainment Inc $4.42 USD -0.04
Styleclick Inc $0.0001 USD 0.00
Townsquare Media Inc $14.21 USD +0.09
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Industry Analysis

LYV

Industry Average

Valuation LYV Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.8x
Price/Book 4.0x
Price/Cash Flow 20.1x
TEV/Sales 0.2x
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