Live Nation Entertainment에 대한 매도 수량은 투자자에게 Live Nation Entertainment의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Live Nation Entertainment (NYSE:LYV) 주식, 공매도 수량 보고

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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라이브 네이션 엔터테인먼트(NYSE:LYV)는 월요일(11일) 장 마감 후 3분기 재무 실적을 발표했다. 이번 분기 실적의 주요 내용은 다음과 같다.3분기 실적: 벤징가 프로에 따르면 티켓마스터의 모회사인 라이브 네이션의 3분기 매출은 76억 5,000만 달러로 애널리스트 예상치 77억 7,000만 달러를 상회했다. 또한 주당순이익은 1.66달러로 예상치에 부합했다.

라이브 네이션 3분기 실적: 매출 예상치 하회, EPS는 부합, 주가는 &#39;모멘텀 지속&#39;으로 상승

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CNN 머니 공포 탐욕 지수(Fear and Greed Index)는 금요일(8일) &#39;중립&#39; 영역을 유지한 가운데, 전반적인 시장 심리가 더욱 개선된 것으로 나타났다.지난 금요일 미국 증시는 도널드 트럼프가 제47대 미국 대통령으로 당선된 후 다우존스와 S&amp;P 500 지수가 연중 최고치를 기록하며 상승세로 마감했다.지난주 S&amp;P 500 지수는 4.66%, 다우존스 지수는 같은 기간 4.61% 상승하며 두 지수 모두 2023년 11월 이후 최고의 한 주를 기록했다. 한편 나스닥은 한 주 동안 5.74% 상승했다. 

트럼프 당선 후 다우·S&amp;P 500 최대 주간 상승 기록: 투자 심리 개선, 공포 탐욕 지수는 &#39;중립&#39; 유지

Trading Ideas

월요일 아침 미국 주식 선물이 상승하고 있는 가운데, 오늘 투자자들의 주목해야 할 몇 가지 종목은 다음과 같다.벤징가 프로 데이터에 따르면 월가에서는 분기 실적을 발표할 아라마크(NYSE: ARMK)의 주당순이익은 53센트, 매출은 44억 6천만 달러로 예상한다. 아라마크 주식은 애프터마켓에서 2.3% 상승한 39.99달러에 거래되었다. 애널리스트들은 오늘 장 마감 후 실적을 발표하는 라이브 네이션 엔터테인먼트(NYSE: LYV)의 분기 주당순이익은 1.60달러, 매출은 77억 7천만 달러로 예상한다. 라이브 네이션 주식은 애프터마켓에서 0.5% 상승한 123.60달러에 거래되었다.

월요일 주목해야 할 주식: 아라마크, 라이브 네이션, 하와이안 일렉트릭, IAC 및 먼데이닷컴

Live Nation Entertainment, Inc. Common Stock

Live Nation Entertainment Inc

Global superstar Taylor Swift turned 35 years old on Friday, Dec. 13, and continues to be one of the most in-demand musicians as witnessed by a recent auction for old family Christmas cards and her recent success with a <a href="https://www.benzinga.com/general/entertainment/24/12/42351922/trump-predicted-taylor-swift-sales-would-drop-target-data-shows-over-800k-sold">tour photo book.</a>
What Happened: Swift is likely celebrating the end of her <a href="https://www.benzinga.com/general/entertainment/24/12/42393880/taylor-swifts-record-breaking-eras-tour-wraps-a-look-at-the-numbers">record-breaking "Eras Tour"</a> along with her birthday on Friday, but some investors or fans will soon be celebrating their recent purchase.
Auction company Goldin, which is owned by eBay Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) recently sold two holiday photo cards featuring a young Swift on them, including two Christmas cards sent to friends and family by her parents.
The 1992 and 1993 Christmas cards, sold in separate auctions, featured Swift as a three-year-old and four-year-old respectively, alongside her younger brother.
The 1993 card features the written inscription "from our family to yours…much love, the Swifts/ Scott, Andrea, Taylor (4 years), &amp; Austin (almost 2)."
The Christmas photo cards sold for $2,318 (1992) and $2,566 (1993) for a combined $4,884.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Up for bid at Goldin: Someone is selling the holiday cards they got from Taylor Swift's family in 1992 and 1993, when she was 3 &amp; 4 years old. <a href="https://t.co/5D0TA9BmeK">pic.twitter.com/5D0TA9BmeK</a>
&mdash; Darren Rovell (@darrenrovell) <a href="https://twitter.com/darrenrovell/status/1866888223701815558?ref_src=twsrc%5Etfw">December 11, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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"It's incredible the things people save from three decades ago," Goldin Auctions founder and CEO Ken Goldin said, as <a href="https://www.cllct.com/sports-collectibles/auctions/two-taylor-swift-family-holiday-cards-sell-for-nearly-5k">reported </a>by cllct. "The fact that so many people were interested in these two items and each received so many bids, it shows the incredible worldwide popularity of Taylor Swift."
Read Also: <a href="https://www.benzinga.com/general/entertainment/24/12/42377867/most-visited-wikipedia-pages-in-2024-trump-harris-musk-swift-politics-and-netflix-dominate-list">Most Visited Wikipedia Pages In 2024: Trump, Harris, Musk, Swift, Politics And Netflix Dominate List</a>
Why It's Important: Goldin has <a href="https://goldin.co/buy/?search=taylor%20swift&amp;page=1&amp;sort=Highest_Bids&amp;number_of_lots=96&amp;show_only=Sold%2520Items">sold </a>many Swift memorabilia items over the last year, and has <a href="https://goldin.co/buy/?search=taylor%20swift&amp;sort=Ending_Soonest">more </a>up for sale that ends in less than a week. Among the top sales for Goldin are a handwritten, twice-signed lyric sheet for Swift's song "Tim McGraw," which sold for $87,840, a signed acoustic guitar that sold for $9,762 and a lot of 40 signed "Folklore" CD inserts which sold for $5,957.
A separate 1993 holiday card also sold for $2,562 earlier this year by Goldin.
Swift's Eras Tour broke records and fans continue to gravitate to memorabilia and merchandise from the singer.
The singer recently released a photo book with pictures and behind-the-scenes stories from the tour through an exclusive partnership with Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>). The <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42244324/black-friday-frenzy-shoppers-queue-for-taylor-swift-merch-retro-gadgets-and-more-as-retailers-open-doors-early-amid-shortened-shopping-season">book drew lines </a>on Black Friday and also set impressive milestones in its first weekend of availability.
The book sold 814,000 copies over the Black Friday shopping weekend, according to data from Circana&nbsp;<a href="https://apnews.com/article/taylor-swift-eras-book-sales-2024-record-c40605042af98eac2e9a7897a4bc2d73" target="_blank" rel="noreferrer noopener">reported&nbsp;</a>by the Associated Press.
The sales figures come with Target being the only retailer offering the book and being an in-store item for at least the first day. The number makes Swift&#8217;s book the top seller for the week and the biggest launch of 2024.
Swift&#8217;s book is the second-biggest nonfiction launch of all time, trailing only the first volume of&nbsp;Barack Obama&#8216;s&nbsp;2020 memoir, &#8220;A Promised Land,&#8221; the AP reports. The former president's book sold 816,000 copies in its first week. Unlike Swift&#8217;s book, Obama&#8217;s was widely released.
Goldin and eBay can be added to the list of companies that Swift has helped thanks to her popularity, a list that includes AMC Entertainment Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) and Live Nation Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>). Swift was also recently named the top streamed artist on Spotify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) for a <a href="https://www.benzinga.com/general/entertainment/24/12/42325116/2024-was-worlds-taylor-swift-era-once-again-spotify-reveals-top-artists-songs-albums-podcasts">second straight year.</a>
President-elect Donald Trump said that Swift's popularity and merchandise sales <a href="https://www.benzinga.com/general/entertainment/24/09/40815602/trump-shakes-off-taylor-swifts-harris-endorsement-in-2024-election-shell-probably-pay-a-pri">could take a hit</a> after endorsing Kamala Harris in the 2024 election.
&#8220;She seems to always endorse a Democrat and she&#8217;ll probably pay a price for it in the marketplace.&#8221;
It appears Trump has severely underestimated the fandom of the Swifties.
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EBAY

SPOT

Taylor Swift Fans/Collectors Are Paying Over $2,000 For Old Family Christmas Cards

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 $137 to $150.

Price Target

Analyst Ratings

JP Morgan Maintains Overweight on Live Nation Entertainment, Raises Price Target to $150

Roth MKM analyst Eric Handler 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 $132 to $152.

Roth MKM Maintains Buy on Live Nation Entertainment, Raises Price Target to $152

Live Nation Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) has outperformed the market over the past 15 years by 8.61% on an annualized basis producing an average annual return of 20.67%. Currently, Live Nation Entertainment has a market capitalization of $30.98 billion. 
Buying $100 In LYV: If an investor had bought $100 of LYV stock 15 years ago, it would be worth $1,662.78 today based on a price of $134.36 for LYV at the time of writing.
<h3>Live Nation Entertainment's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733948736_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In Live Nation Entertainment 15 Years Ago Would Be Worth Today

Live Nation Entertainment's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) short percent of float has fallen 8.91% since its last report. The company recently reported that it has 13.61 million shares sold short, which is 8.69% of all regular shares that are available for trading. Based on its trading volume, it would take traders 6.55 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Live Nation Entertainment Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733938212_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Live Nation Entertainment has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Live Nation Entertainment's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Live Nation Entertainment's peer group average for short interest as a percentage of float is 8.20%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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How Is The Market Feeling About Live Nation Entertainment?

On CNBC's &#8220;<a href="https://www.benzinga.com/topic/mad-money-lightning-round">Mad Money Lightning Round</a>,&#8221; Jim Cramer said he is ‘not a fan' of Novavax, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVAX#NASDAQ">NVAX</a>).
On Dec. 4, Novavax agreed to sell its Bohumil, Czech Republic-based manufacturing facility to Novo Nordisk A/S (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) <a href="https://www.benzinga.com/24/12/42323263/wegovy-maker-novo-nordisk-to-buy-novavaxs-czech-republic-manufacturing-facility-for-200-million">for $200 million.</a>
Also, the Food and Drug Administration recently granted Emergency Use Authorization of the company&#8217;s<a href="https://www.benzinga.com/general/biotech/24/09/40688052/fda-approves-novavaxs-updated-covid-vaccine-targeting-currently-circulating-variants" target="_blank" rel="noreferrer noopener"> updated COVID-19 vaccine</a>. The Novavax vaccine is included in the U.S. Centers for Disease Control and Prevention (CDC) <a href="https://www.benzinga.com/general/biotech/24/09/40752686/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">recommendations</a>.
The vaccine is the only protein-based option available in the U.S. for people aged 12 and older for the prevention of COVID-19.
When asked about Alliance Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNT#NYSE">LNT</a>), Cramer said Live Nation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) is a better buy.
On Oct. 31, Alliant Energy posted better-than-expected quarterly results.
Cramer said he can't get behind Nebius Group N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBIS#NASDAQ">NBIS</a>). &#8220;If I want AI, I will go for Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) as it comes down,&#8221; he added.
On Dec. 2, Nebius Group announced it entered a $700 million private placement financing agreement with institutional investors.
Innodata Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INOD#NASDAQ">INOD</a>) is now a &#8220;very expensive&#8221; stock, Cramer said. &#8220;And I just think if you take a little off the table, you can always get back in.&#8221;
On Nov. 7, Innodata reported better-than-expected third-quarter financial results.
When asked about Smith &amp; Wesson Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWBI#NASDAQ">SWBI</a>), he said, &#8220;Not my cup of tea, but I don't think it's a bad level to get involved.&#8221;
On Dec. 6, Lake Street and Craig-Hallum both downgraded the stock from Buy to Hold and cut their respective price targets from $18 to $13.
United Parcel Service, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) has &#8220;gone down so much, it's been such a disappointment,&#8221; the Mad Money host said. &#8220;I still think this stock is too expensive going in to the holiday season.&#8221;
The Securities and Exchange Commission (SEC) announced on Nov. 22 that it settled charges against United Parcel Service for materially misrepresenting its earnings because it failed to follow generally accepted accounting principles (GAAP) when valuing one of its worst <a href="https://www.benzinga.com/news/legal/24/11/42151959/financial-crime-weekly-ups-pays-45m-fine-bit-mining-pays-4m-fine-for-bribery">performing businesses</a>.&nbsp;
&#8220;I don't want to recommend a stock in the AI category that's losing so much money that's up so much,&#8221; Cramer said when asked about BigBear.ai Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBAI#NYSE">BBAI</a>).
On Nov. 5, BigBear.ai reported worse-than-expected third-quarter revenue results.
Price Action:
<ul>
<li>Alliance Entertainment shares fell 0.3% to settle at $60.91 on Monday.</li>
<li>Nebius Group shares dipped 13.1% to close at $31.96.</li>
<li>Novavax shares gained 1.5% to settle at $9.07 on Monday.</li>
<li>Innodata shares fell 2.1% to $43.63 on Monday.</li>
<li>Smith &amp; Wesson Brands shares gained 4.2% to close at $11.32 on Monday.</li>
<li>UPS shares gained 2.3% to settle at $128.53 during the session.</li>
<li>BigBear.ai shares gained 8.3% to close at $3.66 on Monday.</li>
</ul>
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Image: Shutterstock

Media

BBAI

INOD

NBIS

NVAX

NVDA

SWBI

Jim Cramer Is 'Not A Fan' Of Novavax, Says This Tech Stock Is 'Expensive'

President-elect Donald Trump predicted that Taylor Swift would see her sales take a hit after endorsing Vice President Kamala Harris for president, but new data shows that is far from the case as the musician continues to dominate concerts, movies<a href="https://www.benzinga.com/general/entertainment/24/12/42325116/2024-was-worlds-taylor-swift-era-once-again-spotify-reveals-top-artists-songs-albums-podcasts"> and streaming lists.</a>
Swift is also seeing huge success with her new book.
What Happened: Swift launched a new "Eras Tour Book" that provides photos and behind-the-scenes stories and images from 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 Eras Tour.</a>
The book was released on Black Friday exclusively in Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) stores. While many holiday shoppers may have chosen to shop online this year and skip standing in lines and waiting outside stores on Black Friday, Target<a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42244324/black-friday-frenzy-shoppers-queue-for-taylor-swift-merch-retro-gadgets-and-more-as-retailers-open-doors-early-amid-shortened-shopping-season"> saw lines </a>at stores thanks to the exclusive Swift book.
Swift's new book sold 814,000 copies over the Black Friday shopping weekend, according to data from Circana <a href="https://apnews.com/article/taylor-swift-eras-book-sales-2024-record-c40605042af98eac2e9a7897a4bc2d73">reported </a>by the Associated Press.
The sales figures come with Target being the only retailer offering the book and being an in-store item for at least the first day. The number makes Swift's book the top seller for the week and the biggest launch of 2024.
According to the report, Circana tracks around 85% of the print market.
Swift's book is the second-biggest nonfiction launch of all time, trailing only the first volume of Barack Obama's 2020 memoir, "A Promised Land," the AP reports. The former president&#8217;s book sold 816,000 copies in its first week. Unlike Swift's book, Obama's was widely released.
Read Also:<a href="https://www.benzinga.com/general/gaming/24/11/42249576/target-black-friday-deals-pokemon-shoppers-gotta-catch-em-all"> Target Black Friday Deals: Pokémon Shoppers Gotta Catch &#8216;Em All</a>
Why It's Important: The strong early sales of Target&#8217;s exclusive book highlight Swift&#8217;s undeniable success—something Trump may want to keep in mind.
Earlier this year, Swift<a href="https://www.benzinga.com/general/entertainment/24/09/40815602/trump-shakes-off-taylor-swifts-harris-endorsement-in-2024-election-shell-probably-pay-a-pri"> announced her endorsement</a> for Kamala Harris for president in the 2024 election. The endorsement didn't sit well with Trump.
Trump said he wasn&#8217;t surprised by Swift supporting Harris, saying &#8220;she&#8217;s a very liberal person.&#8221;
&#8220;She seems to always endorse a Democrat and she&#8217;ll probably pay a price for it in the marketplace," Trump said.
The suggestion that endorsing Harris could hurt Swift's future album and merchandise sales might be proven untrue already with the book launch.
The book&#8217;s success comes as the global superstar has witnessed success and helped boost public companies in several sectors previously.
Streaming company Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) recently named Swift the most streamed artist worldwide for 2024, taking the title for a second straight year. Swift also ranked as the top streamed artist in the United States, with several albums among the most streamed for the year.
Swift also saw her concert film <a href="https://www.benzinga.com/general/entertainment/24/05/39010959/amc-ceo-says-were-still-here-how-taylor-swift-popcorn-buckets-help-movie-theater-from-going">set records for</a> AMC Entertainment Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>), despite the film bypassing the traditional release model.
The record-breaking Eras Tour has 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">boosted the financials</a> of Live Nation Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>), which owns Ticketmaster.
Read Next: 
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</ul>
Photo: Shutterstock

Politics

Trump Predicted Taylor Swift Sales Would Drop—Target Data Shows Over 800K Sold

Guggenheim analyst Curry Baker 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 $146 to $155.

Guggenheim Maintains Buy on Live Nation Entertainment, Raises Price Target to $155

The Convertible Notes will have an initial conversion rate of 5.2005 shares of the company's common stock per $1,000 principal amount of the Convertible Notes (equivalent to an initial conversion price of approximately $192.29 per share of the company's common stock). The initial conversion price represents a premium of approximately 40% to the $137.35 per share closing price of the company's common stock on The New York Stock Exchange on December 3, 2024.

Reported Earlier, Live Nation Entertainment Prices $1B Offering Of 2.875% Convertible Senior Notes Due 2030

WIIM

Live Nation Entertainment shares are trading lower after the company announced a $1 billion offering of convertible senior notes due 2030.

Live Nation Entertainment, Inc. (NYSE:&nbsp;LYV) (the "company") today announced that it intends to offer, subject to market and other conditions, $1.0 billion in aggregate principal amount of convertible senior notes due 2030 (the "Convertible Notes").&nbsp; The company intends to use the net proceeds from the Convertible Notes offering (i) to finance the repurchase of a portion of its 2.00% convertible senior notes due 2025 (the "existing convertible notes") in one or more separate and individually negotiated transactions with a limited number of current holders of the existing convertible notes, (ii) to repay outstanding amounts under the company's existing revolving credit facility, (iii) to pay related fees and expenses and (iv) for general corporate purposes, which may include the repayment or repurchase of certain of its outstanding indebtedness.
 &nbsp;

Offerings

Live Nation Entertainment Launched $1B Convertible Senior Notes Offering Due 2030 For Debt Repayment

In the current session, the stock is trading at $139.73, after a 0.62% spike. Over the past month, Live Nation Entertainment Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) stock increased by 19.28%, and in the past year, by 65.85%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.

<img src="https://www.benzinga.com/files/images/story/2024/1732824015_0.png" alt="Past Year Chart" />

<h3>Comparing Live Nation Entertainment P/E Against Its Peers</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Live Nation Entertainment has a better P/E ratio of 156.03 than the aggregate P/E ratio of 41.7 of the Entertainment industry. Ideally, one might believe that Live Nation Entertainment Inc. might perform better in the future than it's industry group, but it's probable that the stock is overvalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1732824016_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

P/E Ratio Insights for Live Nation Entertainment

The value of global music copyright surged to $45.5 billion in 2023, marking an 11% increase from the <a href="https://www.benzinga.com/topic/business-of-music">previous year.</a>
This reflects the growing economic strength of music rights, which were valued at $25 billion in 2014. If current trends continue, music copyright could double in value over a decade.
<h3 class="wp-block-heading">Record Labels And Streaming: Key Drivers Of Growth</h3>
According to economist Will Page&#8216;s annual industry report (<a href="https://www.billboard.com/pro/global-music-copyright-value-worth-2023-will-page/">via </a>Billboard), record labels accounted for the largest share of the music copyright market, generating $28.5 billion in 2023—a 21% year-over-year increase.
See Also: <a href="https://www.benzinga.com/general/entertainment/24/11/41915913/apple-music-launched-a-450-limited-edition-coffee-table-book-100-best-albums">Apple Music Launched A $450 Limited-Edition Coffee Table Book: &#8216;100 Best Albums&#8217;</a>
Streaming continued to dominate revenue sources, with a 10.4% growth rate. Physical music sales also performed strongly, as vinyl sales rose 15.4%, outpacing CDs in many regions. Page predicted vinyl could become a $3 billion industry by 2028, driven by higher unit prices and global demand.
Major publicly traded record labels such as Universal Music Group NV (OTC:<a class="ticker" href="https://www.benzinga.com/stock/UMGNF#OTC">UMGNF</a>), Warner Music Group Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WMG#NASDAQ">WMG</a>), and Sony Group Corp&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) Sony Music Entertainment were among the primary beneficiaries of these trends. 
UMG, for instance, reported $3.2 billion in Q3 2024 revenue, showing strong performance fueled by streaming and physical sales.
<h3 class="wp-block-heading">Shifting Dynamics In Songwriter Royalties</h3>
Moreover, collective management organizations (CMOs), which collect royalties on behalf of songwriters and publishers, saw revenues rise by 11% to $12.9 billion in 2023. Digital collections from CMOs have now surpassed those from broadcast and radio, reflecting the dominance of streaming platforms over traditional media.
However, publishers are increasingly turning to direct licensing agreements, bypassing CMOs to avoid administrative delays and fees. 
"A song that spikes in mid-March, for example, takes 201 days to pay the artist and 383 days to pay the songwriter," Page explained. These delays can erode a third of songwriter revenue due to transaction costs.
<h3 class="wp-block-heading">Music Surpasses Cinema</h3>
The music industry's recovery following the pandemic has enabled it to overtake cinema in terms of economic output. In 2023, music was 38% larger than cinema, a stark contrast to 2019 when cinema led by 33%. 
Music copyright figures reflect trade revenue that benefits rights holders, while cinema's $33.2 billion box office revenues are divided between distribution and production.
Companies like Live Nation Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>), which operate in recorded music and live performance sectors, have capitalized on this momentum.
<h3 class="wp-block-heading">Streaming&#8217;s Global Trade Advantage</h3>
Streaming platforms have created new opportunities for artists from regions with lower royalty rates. North America and Europe, which account for 80% of streaming revenue growth, provide significantly higher payouts compared to Latin America and Asia. 
For example, Colombian artists like J. Balvin and Shakira earned nearly $100 million from U.S. streams in 2023, six times what they would have generated in their home country.
Publicly traded streaming platforms such as Spotify Technology SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) and Tencent Music Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TME#NYSE">TME</a>) play a crucial role in this dynamic. Spotify benefits from premium subscription revenues in high-value markets, while Tencent Music caters to large audiences in Asia with a range of streaming and social entertainment services.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/entertainment/24/11/41923867/spotify-stock-climbs-despite-q3-eps-revenue-misses">Spotify Stock Climbs Despite Q3 EPS Miss, Revenue Beat (CORRECTED)</a></li>
</ul>
Cover image made using artificial intelligence via Dall-E.

General

Sony Group Corporation American Depositary Shares

SONY

UMGNF

Streaming, Vinyl Propel Music Copyright Value To $45.5 Billion

Live Nation Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) has outperformed the market over the past 15 years by 9.98% on an annualized basis producing an average annual return of 21.81%. Currently, Live Nation Entertainment has a market capitalization of $32.51 billion. 
Buying $100 In LYV: If an investor had bought $100 of LYV stock 15 years ago, it would be worth $1,959.36 today based on a price of $141.00 for LYV at the time of writing.
<h3>Live Nation Entertainment's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732543276_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Live Nation Entertainment Stock In The Last 15 Years

Citigroup analyst Jason Bazinet 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 $130 to $163.

Citigroup Maintains Buy on Live Nation Entertainment, Raises Price Target to $163

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 $130 to $150.

Deutsche Bank Maintains Buy on Live Nation Entertainment, Raises Price Target to $150

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 raises the price target from $130 to $146.

Macquarie Maintains Outperform on Live Nation Entertainment, Raises Price Target to $146

Editor&#8217;s Note: This story has been updated with a confirmation from ValueAct Holdings.
ValueAct Holdings, L.P. reported holdings worth $3.9 billion in the September quarter after it disclosed major changes in its 13F filing for the third quarter of current fiscal. 
What Happened: One of the major changes in its holdings during Q3 was the addition of 211,500 shares of Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) for $121.07 million, representing 3.08% of its total portfolio.
ValueAct Holdings is a hedge fund popularly known for its activist strategies, run by chief executive officer, Mason Morfit. An activist hedge fund usually follows an event-driven strategy and acquires sufficient equity to influence a company's policies, to increase company value. ValueAct has a long history of investing in technology companies and is generally considered to be more constructivist and collaborative than other activist funds.
A ValueAct spokesperson confirmed to <a href="http://pro.benzinga.com">Benzinga</a> that the firm has built a $1 billion stake in Meta.
In 2022, Brad Gerstner&#8216;s Altimeter Capital targeted Meta, urging the company to reduce its workforce. Gerstner articulated his concerns in <a href="https://www.benzinga.com/news/22/10/29380959/meta-investor-proposes-curb-on-employees-strength-metaverse-spending">a letter titled &#8220;Time to Get Fit.</a>
ValueAct fund's specific intentions remain unclear, but CEO Morfit is reportedly supportive of Meta CEO Mark Zuckerberg&#8217;s strategic focus on advancing artificial intelligence initiatives, <a href="https://www.cnbc.com/2024/11/12/activist-valueact-has-1-billion-stake-in-meta-sources-say.html">according</a> to CNBC.
Why It Matters: According to its Q3 <a href="https://13f.info/13f/000141881224000021/compare/000141881224000017">13F filing</a>, ValueAct has acquired a passive stake in the parent company of Facebook, Instagram and WhatsApp, namely, Meta. It is one of the largest companies to be targeted by an activist investor, with a market cap of nearly $1.5 trillion. The hedge fund also increased its investment in <a href="https://www.benzinga.com/m-a/24/01/36471982/disney-partners-with-valueact-capital-for-strategic-counsel-in-anticipation-of-2024-shareholder-meet">The Walt Disney Co</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) by adding 1.33 million shares taking its total value to $718.04 million in ValueAct&#8217;s portfolio.
Also Read: <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42001972/chinese-retail-sales-pickup-in-october-heres-whats-happening-with-alibaba-jd-and-pinduoduo-shares">Chinese Retail Sales Pickup In October: Here&#8217;s What&#8217;s Happening With Alibaba, JD And Pinduoduo Shares</a>
Other Key Changes To The Portfolio
Apart from adding Meta, ValueAct has made some major changes to its portfolio which consists of ten holdings. The fund has increased its stake in the American video game developer Roblox Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>) by adding 7.83 million shares in Q3. It now represents 8.81% of ValueAct&#8217;s portfolio, having a total value of $448.62 million.
Live Nation Entertainment Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>), Visa Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) and Liberty Media Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LLYVK#NASDAQ">LLYVK</a>) are other new holdings that ValueAct has added to its portfolio.
The hedge fund also reduced 806.96 thousand shares in Expedia Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>) and completely exited Spotify Technology SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>), Finserv Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>), KKR &amp; Co Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), New York Times Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>) and Flutter Entertainment PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLUT#NYSE">FLUT</a>).
Read next: &nbsp;<a href="https://www.benzinga.com/general/market-summary/24/11/41968003/gold-drops-to-a-two-month-low-as-investors-turn-to-bitcoin-after-trumps-victory-but-this-economist-remains-confident-that-gold-will-surge" target="_blank" rel="noreferrer noopener">Gold Drops To A Two-Month Low As Investors Turn To Bitcoin After Trump's Victory, But This Economist Remains Confident That ‘Gold Will Surge'</a>
Image via Wikimedia Commons

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ValueAct Holdings' Q3 2024 13F Filing Shows New Stakes In Meta Platforms With 211.5K Shares, Live Nation Entertainment With 1.01M Shares, Visa With 373.6K Shares, Liberty Media Corp Series C With 1.34M Shares, And Liberty Media Corp Series A With 671.8K Shares

Third Point 13F Shows Increased Stake In Intercontinental Exchange By 109% From 1,000,000 To 2,085,000 Shares; Live Nation Entertainment By 71% From 1,365,000 To 2,340,000 Shares; CRH By 215% From 650,000 To 2,050,000 Shares; Telephone & Data Systems By 27% From 2,266,060 To 2,875,000 Shares

Tracking Dan Loeb's Third Point Portfolio - Q3 2024 Update

06:42 EST Live Nation (LYV) files to sell $1B of convertible senior notes due 2030 Published first on TheFly – the ultimate source for real-time, m...

Live Nation files to sell $1B of convertible senior notes due 2030

Live Nation Entertainment dips on plans to offer $1B convertible debt

Live Nation prices $1B convertible debt offering

Guggenheim raised the firm's price target on Live Nation (LYV) to $155 from $146 and keeps a Buy rating on the shares after having updated the firm...

Live Nation price target raised to $155 from $146 at Guggenheim

JPMorgan analyst David Karnovsky raised the firm's price target on Live Nation (LYV) to $150 from $137 and keeps an Overweight rating on the shares...

Live Nation price target raised to $150 from $137 at JPMorgan

There's a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on Comcast (CMCSA – Research Report) and Li...

Analysts Are Bullish on Top Communication Services Stocks: Comcast (CMCSA), Live Nation Entertainment (LYV)

Roth MKM raised the firm's price target on Live Nation (LYV) to $152 from $132 and keeps a Buy rating on the shares. Strong secular trends – fueled...

Live Nation price target raised to $152 from $132 at Roth MKM

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