Jim Carroll

Music, Life and everything else

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?

Fri, Mar 4, 2016, 13:57

   

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.”