Live Nation pulls out of $400m-plus majority acquisition of Latin America’s biggest promoter

“Live Nation anticipates that CIE will defend these arbitration proceedings and that both CIE and TV may pursue any legal remedies available to them.”
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Live Nation raises $1.2bn, which will provide ‘extra cushion to withstand any scenario well into 2021.’

‘This added liquidity will help bolster our already strong balance sheet.’
The post Live Nation raises $1.2bn, which will provide ‘extra cushion to withstand any scenario well into 2021.’ appeared first on Music Business Worldwide.
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Michael Rapino talks cost-cutting, fan-less concerts, and pressing pause on Live Nation’s big Mexico deal

The five things you need to know about the live giant’s Q1 earnings
The post Michael Rapino talks cost-cutting, fan-less concerts, and pressing pause on Live Nation’s big Mexico deal appeared first on Music Business Worldwide.
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Live Nation just sold 5.7% of its company to a Saudi Arabian fund for around $500m. It may soon need the money.

What you need to know about ‘event-related deferred revenue’… and Live Nation doing the right thing
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Live Nation to slash costs by up to $500m this year as boss Michael Rapino sacrifices $3m annual salary

Michael Rapino: “[We] believe that Live Nation has the financial strength to weather this difficult time.”
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Live Nation donates $5m to emergency COVID-19 fund for concert crews – and could donate another $5m

Michael Rapino, CEO and President of Live Nation, and his family have personally donated $250,000 to the Crew Nation fund
The post Live Nation donates $5m to emergency COVID-19 fund for concert crews – and could donate another $5m appeared first on Mus… Continue Reading

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