Shares of Live Nation continued their downward descent on Monday as broader live event cancellations now seem inevitable. Live Nation, which has already been forced to mass-cancel the entire month of March, now seems likely to broaden its blackout peri…
Category archives: Wall Street
As Stock Slides, Live Nation CEO Buys $1 Million of Shares
Live Nation’s president and CEO, Michael Rapino, as well as several Live Nation executives, have bought up a substantial number of shares in response to their company’s coronavirus-fueled price drop. According to SEC filings shared with Digital Music N…
Live Nation Stock Keeps Plunging — $8.3 Billion Lost In 30 Days
Shares of Live Nation continued nosediving on Thursday, with coronavirus complications causing a valuation loss of more than $8.3 billion. The plunge is part of a very bad week on Wall Street, based on continued fallout from the worldwide coronavirus p…
Live Nation Stock Goes Into a Nosedive — $1.8 Billion Lost In One Day
Shares of Live Nation (LYV) took a nosedive on Wednesday as global coronavirus fears cripple concert touring and attendance. Just ten days ago, Live Nation CEO Michael Rapino downplayed coronavirus concerns, while pointing to a temporary disruption. &#…
Live Nation Stock Tanking Amidst Cancelled Concerts & Festivals
Although Live Nation CEO Michael Rapino downplayed the probable impact of the coronavirus (COVID-19) on business operations just last week, the concert-promotion company’s stock value tumbled today as event cancellations—and refund requests—continued t…
Warner Music Group Is Putting Its IPO on Ice — For Obvious Reasons
Warner Music Group owner Len Blavatnik was smart enough to spark a public offering last month — and wise enough to put it on ice this week. Blavatnik, the Ukranian-born billionaire who presciently purchased Warner Music Group back in 2011, savvily deci…
BTS label Big Hit Entertainment Is Rapidly Moving Forward With IPO Plans
It seems that BTS label Big Hit Entertainment will be going public much sooner than anticipated. After being valued at over $1 billion last summer (a figure that, though impressive at the time, has since been proven to be far too low), Big Hit execs i…
Who Says Warner Music Gets to Have All the Fun? Universal Music Group Says They’ll Go Public by 2023
According to the just-released earnings report from Vivendi, a French media conglomerate and the parent company of Universal Music Group, UMG will offer an IPO on Wall Street sometime within the next three years. The announcement came after UMG’s 2019…
Warner Music Group Is Going Public (Again) — Official IPO Paperwork Filed
Warner Music Group is returning to Wall Street, according to SEC paperwork filed this morning. A ‘Form S-1 Registration Statement’ has officially been lodged with the U.S. Securities & Exchange Commission, or SEC, a first step towards o…
Spotify Reaches 124 Million Premium Subscribers — But Quarterly Losses Top $85 Million
Spotify closed 2019 with 124 million premium subscribers—a 29 percent increase from 2018’s year-end figure—but this user influx wasn’t enough to prevent the company from sustaining heavy overall losses. Spotify’s earnings report also indicated that th…