Help
Quote
Live Nation Loses $432 Million Of Market Cap In Two Days
July 16, 2010 - Touring
Erasing about $423 million in market capitalization, Live Nation's stock plunged 21.4% over Thursday and Friday due to a warning of weak ticket sales made on Thursday. After dropping 10.9% on Thursday, Live Nation shares fell another 11.8% on Friday and closed at $8.99.
July 16, 2010 - Touring
Erasing about $423 million in market capitalization, Live Nation's stock plunged 21.4% over Thursday and Friday due to a warning of weak ticket sales made on Thursday. After dropping 10.9% on Thursday, Live Nation shares fell another 11.8% on Friday and closed at $8.99.
The Black Ice tour has finished, Live Nation shares have slumped. Maybe the two are related, but this is looking like Ticketmaster takeover time. I don't think a Ticketmaster / LN merger is a good thing, monopolies seldom are - except for shareholders maybe.
Welcome to $300 ticket prices if DC tour again?
It’s official: Ticketmaster/Live Nation free to devour the concert business
BILLBOARD
View Item
