OTR column – is Live Nation too big to fail?
Festivals, venues, artists: Live Nation now has immense power when it comes to the global music business, but can it keep growing?
You’ll find this week’s On the Record column from The Ticket here. “Live Nation bossman Michael Rapino can point to revenues of $7.2 billion (€6.62 billion) for last year. It helps that so far he has kept away from money-pit plays such as record labels or streaming services. That said, high internal operating costs mean the company isn’t in the black: it clocked up an operating loss of $78.3 million (€72 million) for the year in question. Trimming those costs as well as growing revenues is required to get it out of the red.”