Live Nation Celebrates Record-Breaking 2023, Amid Industry Scrutiny and Venue Closures
With concert attendance soaring by 20% and revenue hitting $22.7 billion, Live Nation faces challenges from antitrust investigations and the plight of grassroots venues.
- Live Nation reports a record-breaking year in 2023 with concert attendance up 20% and ticket sales increasing by 30%, driven by blockbuster tours from Taylor Swift and Beyoncé.
- The live music industry's resurgence post-pandemic is marked by unprecedented demand, with Live Nation's revenue soaring to $22.7 billion.
- Senate Judiciary Committee scrutinizes Ticketmaster and Live Nation for alleged anticompetitive practices, following a meltdown during Taylor Swift's Eras tour ticket sales.
- Grassroots music venues face closures at an alarming rate, with two venues shutting down per week, despite the live music industry's overall growth.
- Live Nation's strategic focus shifts towards amphitheater events and dynamic pricing to optimize revenue and enhance fan experiences.
Los Angeles Times 
Billboard 
