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Live Nation grew revenue 8.1% to $5.8 billion and adjusted operating income rose 4.8% to $459 million in 2012. It achieved its goals of growing concert attendance, ticket sales and sponsorship and advertising revenue. Yet its financial statements, released Tuesday afternoon, showed more red ink. Live Nation's 2012 net loss nearly doubled to $163 million from $83 million in 2011 due to a one-time charge from Irving Azoff's December 31st departure from the company.
Shares of Live Nation closed down 1.9% to $10.12 and were down 0.7% in after-hours trading late Tuesday afternoon. The company's 52-week high is $10.76. Revenue in the concerts division grew 10.4% to $3.87 billion but brought in only $31.4 million in adjusted operating income. The number of North American concerts was down 3.7% to 14,962 while the number of International concerts was up 4.1% to 7,000. North American attendance was up 3% to 32 million while International attendance was up 6.4% to 16.8 million. The concert division's festival attendance was approximately 3.5 million, a 30% increase over 2011. EDM festival attendance doubled to 1.4 million attendees.
Ticketmaster revenue grew 4.1% to $1.37 billion while adjusted operating income grew 5.6% to $294.6 million, or 64.2% of the company's total adjusted operating income. The gross value of tickets sold by Ticketmaster increased 8.4% to $9.1 billion and the number of tickets sold increased 4.5% to 147.7 million. The Sponsorships & Advertising division grew revenue 7.4% to $247.9 million and raised its adjusted operating income 6.4% to $175.6 million, or 38.2% of the company's total adjusted operating income.
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I will never forgive Ticketmaster for waitlisting me for the toronto shows even tho there's 6 dates 😭😭😭😭😭
they'd say I played the field before I found someone to commit to...
Recently tried to buy tickets to see Bob Weir, and I felt compelled to make this.
@taylorswift response to the whole TicketMaster (TM) fiasco. To preface, I’ve been a Swifty before that was a thing (hello Debut when I was 14), but I don’t know her. I do want to point out some things in her defense of this situation and some things we can do!
Remember that it’s the venues who have the contracts with TM, and if @taylorswift wants to use stadiums—which she has to do to tour in a way that meets the majority of the demand in a way that’s sustainable for her—she is also forced into using TM. I know plenty won’t remember this, but at Pearl Jam’s height of popularity, they tried to schedule a tour without TM. They were left with small places like ski resorts. And while that would be a super cool concert, that’s not sustainable for really popular artists who want to see as many fans as possible. Taylor would have to play 350+ venues with 10,000 seats to reach a similar demand as the current stadium tour—just in the US. That isn’t something anyone can do long term like that. This is the very first time I have been able to afford tickets, and I only got my nosebleeds because of a lot of luck, and that’s really sad for me that TM is screwing over my friends and fellow fans in this manner.
If you’re angry, sad, or disappointed, that’s okay! But I bet @taylorswift is, too. I think she knows all too well (*winks*) how important her fans are. Do we need to revisits 2016, or the part in Miss Americana where she though Lover was her last opportunity for success? But if you’re upset, feel it, and feel free to use it! Call your representatives!!!! Over on Instagram, @emilyinyourphone has some awesome scripts you can use to contact your Congresspeople to demand action!
honestly, fuck ticketmaster!
Ticketmaster se disculpa con Taylor Swift y sus fans por la debacle en Las ventas....
Ticketmaster se disculpa con Taylor Swift y sus fans por la debacle en Las ventas….
Ticketmasterse disculpó formalmente conTaylor Swifty sus fanáticos por la situación de venta de boletos que dejó a millones frustrados y enfurecidos esta semana. La disculpa de la compañía se produjo en un comunicado emitido el viernes por la noche, aproximadamente medio día después de que Swift expresara su enojo por el fiasco en una publicación enérgica, describiéndose a sí misma como “enojada”…
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Ticketmaster se disculpa con Taylor Swift y sus fans por la debacle en Las ventas....
Ticketmaster se disculpa con Taylor Swift y sus fans por la debacle en Las ventas….
Ticketmasterse disculpó formalmente conTaylor Swifty sus fanáticos por la situación de venta de boletos que dejó a millones frustrados y enfurecidos esta semana. La disculpa de la compañía se produjo en un comunicado emitido el viernes por la noche, aproximadamente medio día después de que Swift expresara su enojo por el fiasco en una publicación enérgica, describiéndose a sí misma como “enojada”…
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TICKETS ON SALE 9am #longitudefestival #longitude #tickets #ticketfly #ticketfairy #ticketmaster #concertbus https://www.instagram.com/p/BtVVGHUAfA4/?utm_source=ig_tumblr_share&igshid=1cybvkhb4b8sh
2FM XMAS BALL ONSALE THURS 18th 9am #ticketmaster #mcd #kellytravel #concerttravel http://bit.do/ePMRw https://www.instagram.com/p/BwXRIsVlyTk/?utm_source=ig_tumblr_share&igshid=1bsyrnlq5cisq
On Sale 9am #ticketmaster Camilla Cabello Area 10 TwentyOne Pilots #tickets https://www.instagram.com/p/B5cXarJnQsS/?igshid=impt4jlhck7d