“Meanwhile, Live Nation shares have gained more than 40% since August 2018, boosted by positive analyst ratings and institutional investors raising their shareholdings.” “Since August 2016, the Dow Jones has recorded gains of more than 40%,” he observes. Journalist and stock-market analyst Manfred Tari notes that LN stock has in recent years vastly outperformed the Dow Jones Industrial Average, which tracks the value of 30 large public companies in the US. The bulk of the heavy lifting was done by market leader Live Nation, whose share price stood at $66.25 at the end of the first half (H1) of the 2019 financial year. The major publicly traded live entertainment companies have increased their collective market value by more than US$8 billion in just two years, reflecting growing investor confidence in the industry.Īnalysing the market capitalisations of Live Nation, CTS Eventim, Madison Square Garden Company, Deutsche Entertainment AG and Brazil’s T4F Entertainment (Time 4 Fun), as well as eBay’s StubHub and Vivendi’s live businesses, reveals the seven were worth around $8.4bn more at the end of June 2019 than in the same period two years previous.
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