Music Industry News

Live Nation CEO Buys $1 Million Of His Own Stock, Loses $250,000 In 4 Days

Live Nation (LYV) stock performance; shares finished at $29.50 on Wednesday. Shares of Live Nation (LYV) took another pronounced plunge today, with shares dropping nearly 13% by the closing bell.  That’s bad news for recent bottom-buyers, including Live Nation’s own CEO. It was a bold-and-daring move designed to inspire confidence among investors and fellow executives […]

Music Industry News

Live Nation Stock Goes Into a Tailspin — $1.8 Billion Lost In One Day

Live Nation (LYV) stock performance over the past six months, ending on March 11th, 2020 (graph by Google Finance). Shares of Live Nation (LYV) took a nosedive on Wednesday as global coronavirus fears cripple concert touring and attendance. Just ten days ago, Live Nation CEO Michael Rapino downplayed coronavirus concerns, while pointing to a temporary disruption. […]

Music Industry News

Live Nation Stock Tanking Amidst Cancelled Concerts & Festivals

photo: Aditya Vyas Although Live Nation CEO Michael Rapino downplayed the probable impact of the coronavirus (COVID-19) on business operations just last week, the concert-promotion company’s stock value tumbled today as event cancellations—and refund requests—continued to accumulate. Live Nation, traded under the symbol LYV, closed at $52.99 per share on Friday. At the end of today’s […]

Music Industry News

Warner Music Group Is Putting Its IPO on Ice — For Obvious Reasons

Warner Music Group owner Len Blavatnik was smart enough to spark a public offering last month — and wise enough to put it on ice this week. Blavatnik, the Ukrainian-born billionaire who presciently purchased Warner Music Group for $3.3 billion back in 2011, savvily decided to go public last month. With paperwork filed with the Securities and Exchange […]