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Wednesday, August 7, 2013

LN Q2

LN Q2, PDQ (UPDATE): Live Nation released its Q2 results yesterday, and they were well ahead of analysts' forecasts. The company's concert and ticketing businesses saw an 8% boost in revenue over 2012, while sponsorship and advertising achieved a 16% spike. Ticketmaster revenue jumped 3%, with 2% higher ticket volume. The company's stock jumped nearly 10% on the news, adding $1.58 for a share price of $17.90. "We are well on our way to achieving our 2013 goals with strong performance across our core business segments," declared CEO Michael Rapino. "I just hope those HITS idiots don't do something stupid with this." For more information, go here. (8/7p)

 
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