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Live Nation Year-End Earnings

A NATION OF MILLIONS: Live Nation increased its revenue by 8%, with ticket sales growth of 4% at concerts and 5% for Ticketmaster during its fiscal year 2012, results revealed during a teleconference call this afternoon. Revenue for the three months ending Dec. 31, 2012, was $1,427 million, up 21% over the prior year. Revenue for the full year was $5,819, up 8% from the previous year’s $5,384. So far in 2013, the company has sold 9 million concert tickets for the coing year, a 58% increase from a year ago. Commented Live Nation President/CEO Michael Rapino: “Our ongoing growth in operating profitability was driven by the continued success of our core business of bringing more fans to more events. Looking forward to 2013, I am confident that we will continue that successful growth. I expect another strong year for our Sponsorship & Advertising business as we accelerate our online advertising and continue leveraging our festival base. And no, I can't get you Rolling Stones tickets." (2/26p)

ALONG CAME JONES
Alamo adds a COO. (1/13a)
VISUAL ARTISTS HONOR INTERSCOPE
A feast for the senses (1/14a)
GRAMMYS IN APRIL?
(NO FOOLIN')
Vegas, baby. (1/12a)
COACHELLA LINEUP: HARRY, YE, BILLIE AND THE WHOLE THING
The poster has been printed. (1/13a)
UTA: A YEAR OF MOMENTUM
Agency reshuffles the deck. (1/14a)
I DON'T WANNA WORK
I just wanna bang on my drum all day.
I HAVE A HANGOVER
I like to call it "2021."
I DON'T WANNA HAVE A MEETING
My Zoom backgrounds are all outdated.
I MISS CHRISTMAS
When's the next holiday that involves eggnog?
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