Live Nation Entertainment 주식 (NYSE: LYV)

에 대한 최신 뉴스 Live Nation Entertainment (NYSE:LYV) 주식

Live Nation Entertainment

Live Nation is the largest live entertainment company in the world, serving as a concert promoter, venue operator, and ticketing platform. In addition, the firm generates revenue from sponsorships and advertising. With offices in 45 countries, Live Nation promotes concerts globally and it owns, operates, or had exclusive booking rights to 373 venues worldwide at the end of 2023, which the firm says makes it the second-largest operator of music venues globally. In 2023, Live Nation promoted more than 50,000 events, drawing more than 145 million fans. Ticketmaster is a dominant global ticketing service, selling more than 620 million tickets in 2023.

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지난주 이들 11개 대형주는 최하의 성과를 보여주었다. 여러분이 보유한 포트폴리오에도 이들이 있나요? Arm 홀딩스(NASDAQ:ARM)는 지난주 가장 성과가 나쁜 대형주 기업으로 31.08% 폭락했다. 이 회사의 주가는 ASML 홀딩 N.V. (NASDAQ:ASML)이 예상보다 저조한 1분기 연간 실적 발표에 영향을 받았다.

지난주 최하 성과 주식: 이 11개의 대형주가 포트폴리오에 있나요?

Live Nation Entertainment, Inc. Common Stock

Live Nation Entertainment Inc

Benchmark analyst Matthew Harrigan reiterates Live Nation Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) with a Buy and maintains $132 price target.

Price Target

Reiteration

Analyst Ratings

Benchmark Reiterates Buy on Live Nation Entertainment, Maintains $132 Price Target

Oppenheimer analyst Jed Kelly maintains Live Nation Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) with a Outperform and raises the price target from $110 to $120.

Oppenheimer Maintains Outperform on Live Nation Entertainment, Raises Price Target to $120

Legal

UK CMA Opens Investigation Into Ticketmaster; Investigating Concerns Regarding Sale Of Oasis Concert Tickets By Ticketmaster; Scrutinizing Whether Sale Of Oasis Tickets By Ticketmaster May Have Breached Consumer Protection Law

BofA Securities analyst Peter Henderson initiated coverage on Live Nation Entertainment, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) with a <a target="_blank" href="https://www.benzinga.com/quote/LYV/analyst-ratings" rel="noreferrer noopener">Buy rating with a price forecast of $125.</a>
The analyst views Live Nation as a compelling growth investment in the live entertainment sector, driven by positive industry trends.
According to Henderson, the stock is valued using a 14x multiple on CY25E AOI, which aligns with peer Madison Square Garden Entertainment and reflects favorable structural trends in live entertainment.
According to the analyst, several key factors will drive long-term growth. Firstly, there is a shift in consumer spending towards experiences bolstered by favorable demographic trends.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/entertainment/24/09/40697540/oasis-fans-furious-as-dynamic-pricing-pushes-ticket-prices-sky-high-its-just-not-fair-says-" rel="noreferrer noopener">Oasis Fans Furious As Dynamic Pricing Pushes Ticket Prices Sky High — &#8216;It&#8217;s Just Not Fair,&#8217; Says UK Prime Minister</a>
Secondly, positive supply and demand dynamics are emerging as social media platforms help discover more artists and events.
Thirdly, the intrinsic value of live events, which virtual experiences cannot replicate, prevents any risk of disintermediation.
Additionally, rising sponsorship opportunities and the growth of experiential marketing are contributing to this expansion. Finally, increased demand and enhanced dynamic pricing are strengthening pricing power.
The analyst projects a 4-year revenue CAGR (2023-2027) of 8% and AOI CAGR of 12% for Live Nation.
Live Nation&#8217;s extensive scale and vertical integration allow it to effectively compete on pricing, Henderson adds.
By owning multiple segments of the live entertainment chain, the company reduces risk and manages numerous events for various artists across different regions.
Provided there is no significant slowdown in consumer spending on live events, the analyst anticipates multiple revenue and earnings drivers for the live concert sector in the coming years.
Price Action: LYV shares are trading lower by 0.36% to $95.00 at last check Wednesday.
Photo via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/markets/cannabis/24/08/40601826/as-oasis-announces-reunion-tour-cannabis-views-resurface-legalize-it-to-fund-the-nhs" target="_blank" rel="noreferrer noopener">As Oasis Announces Reunion Tour, Cannabis Views Resurface: ‘Legalize It To Fund The NHS'</a></li>
</ul>

Analyst Color

Equities

Initiation

Markets

Trading Ideas

General

Live Nation Benefits From Consumer Shift To Experiences, Social Media Trends, And Rising Sponsorships: Analyst

B of A Securities analyst Peter Henderson initiates coverage on Live Nation Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) with a Buy rating and announces Price Target of $125.

B of A Securities Initiates Coverage On Live Nation Entertainment with Buy Rating, Announces Price Target of $125

The British government is scrutinizing the use of dynamic pricing by ticketing websites following an outcry from Oasis fans who were left unable to afford tickets to the band&#8217;s highly <a href="https://www.benzinga.com/topic/business-of-music">anticipated reunion tour. </a>
What Happened: the UK's advertising regulator has received 450 complaints about misleading ticket prices and availability, with many tickets more than doubling in price shortly after sales began, <a href="https://www.bbc.co.uk/news/articles/c20r26p7d0ro">according</a> to the BBC.
Fans hoping to see Oasis' return were met with soaring prices on Live Nation Entertainment Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>)-owned Ticketmaster. Tickets that initially cost 135 pounds (around $177) quickly shot up to over 350 pounds. Despite hours spent in online queues, thousands were unable to secure tickets as the event sold out almost immediately.
See Also: <a href="https://www.benzinga.com/general/entertainment/24/08/40582093/oasis-fans-rejoice-today-is-gonna-be-the-day-rockers-reunite-after-15-year-family-feud">Oasis Fans Rejoice, &#8216;Today Is Gonna Be The Day&#8217;: Rockers Reunite After 15-Year Family Feud</a>
<h3 class="wp-block-heading">Prime Minister And Culture Secretary Address Ticketing Concerns</h3>
Prime Minister Sir Keir Starmer addressed the issue on BBC Radio 5 Live.
&#8220;There are a number of things that we can and should do&#8221; to prevent families from being priced out, he said.
Starmer stressed that families &#8220;simply can&#8217;t go or are absolutely spending a fortune on tickets.&#8221; The government would be consulting on future laws, which &#8220;may well mean adjustments,&#8221; he added.
&#8220;There are a number of techniques going on here where people are buying a lot of tickets, reselling them at a huge price,&#8221; he added. &#8220;And that&#8217;s just not fair — it&#8217;s just pricing people out of the market.&#8221;
Furthermore, UK Culture Secretary Lisa Nandy addressed the topic <a href="https://www.itv.com/news/2024-08-31/oasis-concert-tickets-2025-general-sale">to</a> ITV News: &#8220;We will include issues around the transparency and use of dynamic pricing, including the technology around queuing systems which incentivize it.&#8221; Nandy added that the government's upcoming consultation on consumer protections for ticket sales will tackle these concerns.
Dynamic pricing, often referred to as "surge pricing," is a strategy where prices increase in response to high demand. While not illegal, the practice has faced significant criticism for making live events inaccessible to many fans. 
&#8220;After the incredible news of Oasis' return, it's depressing to see vastly inflated prices excluding ordinary fans from having a chance of enjoying their favorite band live,&#8221; Nandy continued. &#8220;Working with artists, industry, and fans, we can create a fairer system that ends the scourge of touts, rip-off resales and ensures tickets at fair prices."
<h3 class="wp-block-heading">Ticketmaster Under Scrutiny Again</h3>
Why It Matters: This is not the first time Ticketmaster has found itself at the center of a pricing controversy. The company also faced severe criticism in 2022 over the chaotic sales for Taylor Swift's Eras Tour.
Moreover, Ticketmaster has been recently investigated by the US Department of Justice because of the company's pricing practices.
Ticketmaster remains the primary platform for Oasis' ticket sales. The company blamed the prices on the &#8220;event organizer&#8221; who &#8220;has priced these tickets according to their market value&#8221;.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cannabis/24/08/40601826/as-oasis-announces-reunion-tour-cannabis-views-resurface-legalize-it-to-fund-the-nhs">As Oasis Announces Reunion Tour, Cannabis Views Resurface: &#8216;Legalize It To Fund The NHS&#8217;</a></li>
</ul>
Image credits: Shutterstock.

Entertainment

Oasis Fans Furious As Dynamic Pricing Pushes Ticket Prices Sky High — 'It's Just Not Fair,' Says UK Prime Minister

<a href="https://www.theguardian.com/money/article/2024/sep/03/european-commission-to-investigate-ticketmasters-dynamic-pricing#:~:text=European%20Commission%20to%20investigate%20Ticketmaster's%20'dynamic%20pricing',-Review%20follows%20UK&amp;text=Ticketmaster's%20ability%20to%20raise%20the,into%20the%20Oasis%20concerts%20fiasco.">https://www.theguardian.com/money/article/2024/sep/03/european-commission-to-investigate-ticketmasters-dynamic-pricing#:~:text=European%20Commission%20to%20investigate%20Ticketmaster's%20'dynamic%20pricing',-Review%20follows%20UK&amp;text=Ticketmaster's%20ability%20to%20raise%20the,into%20the%20Oasis%20concerts%20fiasco.</a>
<h2> European Commission to investigate Ticketmaster's ‘dynamic pricing'</h2>
Review follows UK competition watchdog's announcement of ‘urgent review' into Oasis concert tickets fiasco
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Ticketmaster's ability to raise the price of concert tickets based on demand is being investigated by the <a href="https://www.theguardian.com/world/european-commission">European Commission</a>, the Guardian has learned, as the UK's competition watchdog launches an "urgent review" into the Oasis concerts fiasco.
The US-owned ticketing giant has been told it <a href="https://www.theguardian.com/music/article/2024/sep/02/failure-to-warn-oasis-fans-of-dynamic-pricing-may-be-consumer-law-breach-say-experts">may have breached laws</a> in the UK and Europe for inflating the price of some Oasis tickets from £135 to £350, leaving many fans devastated.
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Ticketmaster has compared its use of "dynamic pricing" to airlines and hotels, which increase costs based on demand, and has said the prices are set by artists and their management.
The UK's Competition and Markets Authority (CMA) said on Tuesday it was "urgently reviewing" the use of dynamic pricing after Oasis fans criticised the "scandalous" <a href="https://www.theguardian.com/music/article/2024/sep/01/oasis-ticketmaster-in-demand-standing-tickets">inflation of ticket costs</a>.
A spokesperson for the regulator said: "Consumer protection law requires businesses to be fair and transparent in their dealings with consumers, and businesses must give clear and accurate information about the price people have to pay. Failure to do so may breach the law."
A spokesperson for the European Commission confirmed it was looking into the use of dynamic pricing for concert tickets amid growing concerns among parliamentarians in Brussels.
Lara Wolters, a Dutch MEP, told the Guardian she wanted new laws to protect European consumers against this type of price inflation.
She said: "The only winners in this situation are big ticketing platforms, at the expense of fans who find themselves priced out of gigs. Companies know far more about their customers than vice versa.
"This is not a system that seeks to maximise joy by filling the stadium with an artist's biggest fans, but to maximise profit from music like any other product.
"As a music fan, I find this soulless and I want to put a stop to it, so I'm pleased to see the UK government is looking into this, and I expect the new European Commission to follow suit so we can finally bring in new rules against unfair ticketing."
Dynamic pricing for concerts is common in the US but relatively new in the UK and Europe.
A spokesperson for the European Commission confirmed it was examining the practice as part of its "fitness check" of EU consumer laws, due to be published in the coming months.
The review is expected to highlight the problems of dynamic pricing before MEPs consider solutions, including a potential ban and other less extreme options.
The spokesperson said that while the practice itself was not unlawful, the way it was used could breach EU directives – such as if the price of a product was increased after a consumer had placed the ticket in their online basket.
It could also breach EU laws if ticketing websites failed to give fans "necessary material information" about the tickets they offered before they were purchased.
Hundreds of fans have lodged official complaints with the UK's Advertising Standards Authority (ASA) on the basis that Ticketmaster had not told people in advance that £350 tickets would be on sale.
These tickets provide no additional value than the original £135 standing tickets. Four of the "in-demand" standing tickets cost fans £1,423.55 in total – of which £73.55 was service charges and processing fees.
Fans only discovered that the cost of a standard <a href="https://www.theguardian.com/music/oasis">Oasis</a> ticket had been increased when they reached the checkout after spending several hours in online queues.
The CMA has said <a href="https://www.gov.uk/government/news/cma-calls-for-stronger-laws-to-tackle-illegal-ticket-resale">greater protections are needed</a> for concertgoers and has previously taken action against major resale websites.
Lisa Nandy, the culture secretary, has said she wants to end "rip-off resales" and the government has launched a review of the practice.
The Guardian has approached Ticketmaster for comment. Neither Oasis's management or the Gallagher brothers have commented on the criticism.

'European Commission To Investigate Ticketmaster's 'Dynamic Pricing'; Review Follows UK Competition Watchdog's Announcement Of 'Urgent Review' Into Oasis Concert Tickets Fiasco' - The Guardian

One of the most famous rock bands from the 1990s is reuniting and ending a sibling feud with Oasis announcing a 14-date 2025 tour for the U.K. and Ireland. The tour could be one of the most anticipated and help several <a href="https://www.benzinga.com/general/entertainment">entertainment-related companies.</a>
What Happened: While the new Oasis tour may not eclipse the <a href="https://www.benzinga.com/general/entertainment/23/12/36221025/taylor-swifts-eras-tour-shatters-guinness-record-for-highest-grossing-music-tour-how-much-d">record-breaking tour success</a> of Taylor Swift, for fans of a different genre it could be one of the most highly anticipated reunions of the last 20 years.
"There has been no great revelatory moment that has ignited the reunion — just the gradual realization that the time is right," a press release from the band read, as reported by Variety.
The brothers (Liam Gallagher, Noel Gallagher) said the timing of the announcement coincides with the 30th anniversary of their debut album "Definitely Maybe," which celebrates the milestone on Thursday. The tour taking place in 2025 will coincide with the band's second album "(What's the Story) Morning Glory?" hitting the 30th anniversary milestone.
Both those records and the band's third album were released on Creation Records, now a unit of Sony Group Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>). The albums and songs on the records could see a sharp uplift in sales and listens with the news of the reunion announcement.
"The guns have fallen silent. The stars have aligned. The great wait is over. Come see. It will not be televised," the band said of the tour.
Tickets go on sale Aug. 31 at 9 a.m. local time (BST). Tickets will be sold through Ticketmaster for U.K. and Ireland shows and through Gigsandtours.com and seetickets.com. Ticketmaster, a unit of Live Nation Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>), could get a boost from being one of the prominent ticket sellers.
Here are the 14 tour <a href="https://x.com/oasis/status/1828326826655068657">dates </a>for Oasis in 2025:
<ul>
<li>July 4: Cardiff, Principality Stadium</li>
<li>July 5: Cardiff, Principality Stadium</li>
<li>July 11: Manchester, Heaton Park</li>
<li>July 12: Manchester, Heaton Park</li>
<li>July 19: Manchester, Heaton Park</li>
<li>July 20: Manchester, Heaton Park</li>
<li>July 25: London, Wembley Stadium</li>
<li>July 26: London, Wembley Stadium</li>
<li>Aug. 2: London, Wembley Stadium</li>
<li>Aug. 3: London, Wembley Stadium</li>
<li>Aug. 8: Edinburgh, Murrayfield Stadium</li>
<li>Aug. 9: Edinburgh, Murrayfield Stadium</li>
<li>Aug. 16: Dublin, Croke Park</li>
<li>Aug. 17: Dublin, Croke Park</li>
</ul>
Read Also: <a href="https://www.benzinga.com/news/earnings/24/02/37273654/live-nation-entertainment-q4-earnings-highlights-taylor-swift-effect-continues-with-record-attendan">Live Nation Entertainment Q4 Earnings Highlights: Taylor Swift Effect Continues With Record Attendance, Ticket Sales For Full Year</a>
Why It's Important: While the 14 dates are in the U.K. and Ireland, the band said plans are underway for a tour outside of Europe next year, according to the press release.
The band broke up in 2009 after Noel Gallagher left the band ahead of a festival appearance. The brothers had a tense relationship since that time with many comments pointing to no chance of ever reconciling or touring again.
Oasis said they do not plan to go into the studio to make new music, but the tour of old songs should be more than enough for fans who have waited 15 years to see them.
Both brothers have toured outside the band and often play Oasis hits. Liam Gallagher recently kicked off a 30th anniversary tour for "Definitely Maybe" in June.
The band remains popular today with an average of 21.6 million monthly listeners on Spotify. While the band says the tour will not be televised, a live performance or docuseries on the tour could attract strong interest from media companies. 
Read Next: 
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<li><a href="https://www.benzinga.com/general/entertainment/24/07/40080474/after-taylor-swift-and-beyonc-now-usher-goes-to-amc-will-shareholders-say-yeah-or-be-caught">After Taylor Swift And Beyoncé, Now Usher Goes To AMC: Will Shareholders Say &#8216;Yeah&#8217; Or Be &#8216;Caught Up&#8217; In Stock Drop?</a></li>
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Photo: Liam Gallagher, A.PAES via Shutterstock

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Sony Group Corporation American Depositary Shares

SONY

Oasis Fans Rejoice, 'Today Is Gonna Be The Day': Rockers Reunite After 15-Year Family Feud

U.S. DOJ Announces Ten Additional States Join Lawsuit Against Live Nation-Ticketmaster For Monopolizing Live Concert Industry Markets

Rosenblatt analyst Barton Crockett maintains Live Nation Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) with a Buy and maintains $123 price target.

Rosenblatt Maintains Buy on Live Nation Entertainment, Maintains $123 Price Target

Live Nation Entertainment Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) has been in the news recently thanks to the disclosure of its<a href="https://www.benzinga.com/general/entertainment/24/07/40053226/live-nation-q2-earnings-revenue-beat-eps-miss-fans-buying-tickets-at-all-price-points"> second-quarter earnings report</a>. On paper, the results were mixed, with earnings per share of $1.03 missing the consensus view of $1.06. However, the top line offered a more encouraging framework, which saw Live Nation generating $6.023 billion versus the estimate of $6.018 billion.
While slipping against bottom-line targets is never ideal, context is everything. In particular, despite a<a href="https://www.benzinga.com/economics/macro-economic-events/24/07/40044042/job-openings-hold-steady-in-june-ahead-of-crucial-july-labor-market-data-why-this"> relatively stable labor market</a>, U.S. households are still struggling with the lingering challenges of the COVID-19 crisis. One year ago, a research paper cited by Bloomberg noted that most Americans had<a href="https://www.benzinga.com/economics/macro-economic-events/23/09/34882494/us-households-have-depleted-their-pandemic-savings-study-highlights-risk-of-econo"> depleted their pandemic savings</a>, thus raising the specter of an economic downturn.
However, Live Nation stated that total revenues gained 7% year over year. In addition, operating income swung up 21% to $466 million. Most notably, company president and CEO Michael Rapino stated that a wealth of entertainment events have attracted "both casual and diehard fans who are buying tickets at all price points."
Moreover, Rapino pointed out that Live Nation's "strategic investments in hospitality and infrastructure are driving strong returns as more attendees maximize their onsite experiences." Such observations reinforce the optimism toward the global live events sector. According to Research and Markets, this ecosystem could soar from last year's valuation of $58.91 billion last year to<a href="https://finance.yahoo.com/news/global-live-events-analysis-report-100900321.html"> just over $754 billion in 2030</a>, implying a compound annual growth rate of 53.78%.
The ETF: While Live Nation represents a key player in the in-person entertainment industry, it's not the only name in town. To enjoy the convenience and profitability potential of the top leaders in music, investors may consider the pure-play thematic exchange-traded fund MUSQ Global Music Industry ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUSQ#NYSE">MUSQ</a>).
With MUSQ, investors enjoy a basket of securities rather than exposure to a single opportunity. For instance, while LYV stock represents one of the<a href="https://www.musqetf.com/musq#holdings"> mainline holdings of the MUSQ fund</a>, the ETF also carries LiveOne Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LVO#NASDAQ">LVO</a>), a digital media company which focuses on the monetization of live music, among other audio-entertainment specialties.
What's more, MUSQ offers exposure to foreign enterprises, such as South Korea's YG Entertainment. This company operates as a record label, talent agency and event management firm, offering U.S. investors unprecedented breadth in the wider music and audio entertainment ecosystem.
The MUSQ Chart: After some turbulent weather passed in late 2023, the MUSQ fund has been attempting to find a baseline of support. The average historical closing price of the ETF currently stands at $24.42, with the present price representing a 1.8% discount.
<ul>
<li>At $23.98 following the closing bell on Tuesday, MUSQ is within 1.5% of its 200-day moving average (at $24.32). Bulls may consider this level their immediate upside target.</li>
<li>The fund's 50 DMA stands at $24.50, about 2.2% away from Tuesday's closing price. This is another target that optimistic investors will be aiming for.</li>
<li>An upside resistance line exists at the psychologically important $25 level. If the bulls manage to lift MUSQ's price above its 50 DMA, this resistance line will likely be in the crosshairs next.</li>
</ul>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfoxX-qm6uPtfFQysaviavagETeN_0OVzgBa2cCTFlkRS6GlqrJO_jExSPlk-O4qrRQpUunRfe10yp1geD8tvlop5HNcjLVyYN6ZZO1SMMvR0mUn8PHVMml8cOoP_AR-rkWdwwVPmfLRx6R8yq7ZpH35L0v?key=jzP4EEUeouej6rna-OxqdA" alt="" /></figure>
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This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice.

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MUSQ

Strong Consumer Demand For Live Concerts Undergirds Pure-Play Music ETF (MUSQ)

Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) generated headlines in the pre-market hours as the company revealed its much-awaited second-quarter earnings report. Ahead of the disclosure, SPOT stock suffered from a<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39892706/can-spotify-q2-earnings-tune-out-bearish-signals-for-a-bullish-upside"> strongly bearish trend</a> despite an implied robust upside based on analysts' price targets. Therefore, the Q2 print represented an opportunity for the audio streaming service to respond.
The results were exactly what the company needed. Spotify generated earnings of 274 million euros or about $298 million. The bottom-line print was equivalent to 1.33 euros per share, beating the analysts' consensus view of 1.05 euros per share. On the top line, sales hit 3.8 billion euros, which was in line with expectations.
Among the key highlights was growth in monthly active users (MAUs) reaching 14% to 626 million users. While this rally slightly missed the guidance of 631 million, it should be noted that premium subscribers saw a year-over-year increase of 12% to 246 million. This performance beat the consensus estimate by 1 million. Also, advertisement-supported revenue saw a lift of 13% to 456 million euros. The business expansion stemmed from music streaming and podcasts.
On Monday, SPOT stock finished the session at $295.45, up slightly from Friday's close. However, during Tuesday's pre-market session, Spotify shares reached $336, representing growth of nearly 14%.
The MUSQ ETF: While Spotify constitutes a major component of the wider audio-content industry, it's not the only player in town. Several other entities – including YouTube Music under Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), which will<a href="https://www.benzinga.com/news/earnings/24/07/39898676/tesla-alphabet-and-3-stocks-to-watch-heading-into-tuesday"> soon release its quarterly report</a> – offer viable exposure. However, it's difficult for retail investors to acquire multiple securities in the ecosystem, which is where the MUSQ Global Music Industry ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUSQ#NYSE">MUSQ</a>) comes into play.
As Benzinga noted earlier this year, the<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/03/37878863/thematic-music-etf-musq-prepares-to-strike-a-chord-as-indicators-point-to-upbeat-momentu"> thematic exchange-traded fund</a> "provides <a href="https://musqetf.com/about">concentrated exposure to the complete music ecosystem</a>, covering streaming, content and distribution, live music events and ticketing, satellite and broadcast radio, equipment and technology, and artificial intelligence. The fund holds multiple stocks that encompass the variety of companies and technologies the music industry is dependent upon."
Currently, the only broad-based pure-play ETF covering the global music industry, the key advantage of the <a href="https://www.musqetf.com/">MUSQ fund</a> is diversification. While Spotify is one of the top holdings of the ETF, it's not the only position. Indeed, SPOT stock represents 3.88% of MUSQ's net assets. Alphabet stock comprises a higher portion of the holdings at 5.8%.
Additionally, MUSQ brings other core components of the music industry to investors in a convenient package, including the content realm – via names like Tencent Music Entertainment Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TME#NYSE">TME</a>) – and in-person performance, particularly through Live Nation Entertainment Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>).
Therefore, no one entity can determine the entire trajectory of MUSQ, affording investors the benefit of market risk distribution.
The MUSQ Chart: On Monday, the MUSQ ETF finished the session at $24.52, gaining nearly 1% against Friday's close. The fund appears to have hit a near-term bottom on June 24, steadily gaining sentiment since that session.
<ul>
<li>Given Tuesday's blistering pre-market performance of SPOT stock, it's possible that MUSQ may see a noticeable bump higher.</li>
<li>While the ETF has been trading lower between the end of December to the June 24 trough, the fund's trajectory appears to be rounding out.</li>
<li>A U-shaped recovery could be in play, especially given Spotify's strong quarterly results.</li>
<li>Encouragingly, MUSQ trades above both its 50-day and 200-day moving averages, which serve as common barometers of market health.</li>
</ul>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfsuhvqqjinm4DWGHrzrk-06r6-r6qYWFhDp-C8C8L1aavF7A2OLJfr33vsVBvxu8UhYlWnsKuWXC6E6SvH-KaqjkPY24kWkZ6V-AJO9tnR2bfW7RkVgR6fEn6TzZ7XiNcfE7ECzLg-zrQja7Ko0YKyXxw?key=aGmwvuj7X1vmuZQYKwcscg" alt="" /></figure>
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Tune Into Potential Profits With The Sector Pure-Play MUSQ Global Music Industry ETF (MUSQ)

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Shares of stocks in the broader communication services sector are trading lower as stocks sell off amid concerns over the US economy.

Deutsche Bank analyst Benjamin Soff maintains Live Nation Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) with a Buy and raises the price target from $121 to $122.

Deutsche Bank Maintains Buy on Live Nation Entertainment, Raises Price Target to $122

AMC Entertainment Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/amc#NYSE">AMC</a>) is slated to release results for second-quarter 2024 on Aug 2, after the closing bell.
In the last reported quarter, the company&#39;s earnings missed the Zacks Consensus Estimate by 25.8%. The company&#39;s top line dropped 0.3% year over year. However, AMC&#39;s loss per share narrowed to 78 cents from a loss of $1.31 reported in the prior-year quarter.
AMC surpassed the earnings in the trailing three out of four quarters. The average surprise over this period is 38%, as shown in the chart below.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/42/73073.jpg?v=1545978690" />
Image Source: Zacks Investment Research
<h3>Trend in Estimate Revision</h3>
The Zacks Consensus Estimate for second-quarter loss is pegged at 10 cents per share against break-even earnings reported in the prior-year quarter. In the past seven days, loss estimates for the current quarter have narrowed by 27 cents. The consensus mark for revenues is pegged at $1.03 billion, indicating a 23.5% year-over-year decline.
<h3>What the Zacks Model Unveils</h3>
Our proven model doesn&#39;t conclusively predict an earnings beat for AMC Entertainment this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
Earnings ESP: AMC Entertainment has an Earnings ESP of 0.00%.
Zacks Rank: The company carries a Zacks Rank #2 at present.
<h3>Factors Influencing Q2 Performance</h3>
AMC&#39;s second-quarter 2024 performance is likely to have been hurt by prolonged actors and writer strikes in 2023. These strikes significantly reduced the number of new movies being released in theaters, which is likely to have negatively impacted the company&#39;s earnings in the quarter to be reported.
The company reported preliminary second-quarter 2024 results. Total revenues in the quarter are likely to be nearly $1,030.6 million compared with $1,347.9 million in the quarter ended Jun 30, 2023.
Despite weak preliminary second-quarter 2024 results, AMC saw an encouraging trend of increasing daily revenues in June 2024, suggesting a recovery in moviegoing activity. The industry box office for June was nearly on par with the combined total for April and May, contributing to improved financial performance for AMC during that month. During the Jun 13-16, 2024 period, AMC reported the highest attendance and admissions revenues across its U.S. and international locations.
AMC&#39;s focus on enhancing the guest experience and operational efficiency has been pivotal in its success. The company continues to innovate and diversify its offerings. Its retail popcorn initiative expanded to 6,500 points of distribution, including major retailers like Walmart, Amazon, Publix and Kroger. These efforts are likely to have aided the company&#39;s performance in the quarter to be reported.
<h3>Price Performance &amp; Valuation</h3>
In the past three months, AMC Entertainment&#39;s stock has surged 69.6% compared with the industry&#39;s increase of 3.5%. The company&#39;s price performance outshined other industry players, including Cinemark Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cnk#NYSE">CNK</a>), The Marcus Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mcs#NYSE">MCS</a>) and Live Nation Entertainment, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lyv#NYSE">LYV</a>).
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/93/73072.jpg?v=317696522" />
Image Source: Zacks Investment Research
The company is currently trading at a forward 12-month price-to-sales ratio of 0.39X, well below the industry average of 1.38X, reflecting an attractive investment opportunity.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/93/73074.jpg?v=803017678" />
Image Source: Zacks Investment Research
<h3>Investment Thoughts</h3>
Although the company&#39;s top and the bottom line are likely to have registered a decline in second-quarter 2024, the company&#39;s prospects for the near-term future remain bright. AMC is benefiting from increased attendance from moviegoers, the availability of diverse film options and movie-themed merchandise offerings. Also, strong consumer spending on premium large-screen formats and innovative food and beverage options bode well.
Looking ahead, AMC is confident about the future of the movie theater industry. An extensive review of upcoming movie releases for 2024, 2025 and 2026 suggests a promising period ahead.&nbsp; AMC is also venturing into new revenue streams, such as concert films and special events. The company partnered with top musical artists to bring exclusive concert films and listening events to its theaters. Collaborations with stars like Taylor Swift, Beyonc&eacute; and Billie Eilish are opening new growth opportunities. These initiatives, alongside the launch of AMC Theaters Distribution, highlight AMC&#39;s commitment to innovative programming and revenue diversification, reinforcing its competitive edge in the industry. The recent rise in AMC&#39;s share price reflects growing investor confidence in the company&#39;s prospects. Given this optimism, adding AMC stock to your portfolio could be a wise decision.
<a href="https://www.zacks.com/stock/news/2314261/amc-entertainment-amc-a-must-buy-before-q2-earnings-premiere?cid=CS-BENZ-FT-analyst_blog|most_popular_stocks-2314261">To read this article on Zacks.com click here.</a>

Earnings

Small Cap

AMC Entertainment: A Must-Buy Before Q2 Earnings Premiere?

JP Morgan analyst David Karnovsky maintains Live Nation Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) with a Overweight and raises the price target from $116 to $118.

JP Morgan Maintains Overweight on Live Nation Entertainment, Raises Price Target to $118

Live Nation Entertainment shares are trading higher after the company reported better-than-expected Q2 revenue results. The stock initially traded lower, but it has since reversed.

Macquarie analyst Paul Golding maintains Live Nation Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) with a Outperform and maintains $125 price target.

Macquarie Maintains Outperform on Live Nation Entertainment, Maintains $125 Price Target

Live Nation Entertainment shares are trading lower following mixed Q2 earnings.

Morgan Stanley announces its 15 'Vintage Values' names for 2025

Chevron tops list of most shorted large-cap stocks in August, Hazeltree says

Charter Communications most shorted S&P 500 communications stock in August; Alphabet least shorted

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Tracking Lone Pine Capital Portfolio - Q2 2024 Update

Lazard U.S. Equity Concentrated Portfolio Q2 2024 Commentary

MTCH, FOXA and WBD among top S&P500 communication movers in Q3

Top buy-rated stocks in Communication Services - Citi

Live Nation falls as judge denies request to move antitrust suit to Washington DC

Live Nation falls as judge denies request to move antitrust suit to Washington, D.C.

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Press Releases

Live Nation Entertainment Schedules Second Quarter 2024 Earnings Release And Teleconference

Live Nation Entertainment Reports Second Quarter 2024 Results

He's Back by Popular Demand! Sir Rod Stewart Returning to The Colosseum at Caesars Palace in 2025

ONE Musicfest, presented by Procter and Gamble, Celebrates its 15th Anniversary With A Star-Studded Lineup

Live Nation Entertainment To Participate In Bank Of America Securities Media, Communications & Entertainment Conference And Goldman Sachs Communacopia & Technology Conference

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Jerry Seinfeld Returns to The Colosseum at Caesars Palace for Six Performances in 2025

Globally Acclaimed Music Group Black Eyed Peas Announce New Las Vegas Residency at PH Live at Planet Hollywood Resort & Casino

Garth Brooks Announces Final Three Weekends for Garth Brooks/Plus ONE at The Colosseum at Caesars Palace February 21 – March 9, 2025

LIVE NATION ALERT: Bragar Eagel & Squire, P.C. is Investigating Live Nation Entertainment, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

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