Live Nation CFO Says Growth Is 'Absolutely Sustainable'

The transcript discusses the impressive growth and sustainability of a major concert promoter, highlighting opportunities in global markets and the demand for live events. It explores the company's collaboration with artists across various venue sizes and its cost structure, emphasizing resilience to economic downturns. The transcript also addresses concerns about Ticketmaster's dominance, advocating for industry reforms to empower artists and improve ticketing practices.

What percentage growth in profitability did Live Nation experience in the first quarter compared to the previous year?

• 50%

• 90%

• 30%

• 70%

Which regions are identified as having massive growth opportunities for Live Nation?

• Africa and Australia

• Latin America and Asia

• Europe and Antarctica

• North America and Africa

How does Live Nation plan to work with artists throughout their careers?

• Only with established artists

• From small clubs to large stadiums

• Only in theaters

• Only in large stadiums

What is the primary reason fans prioritize spending on concerts according to Live Nation?

• Concerts are cheaper than movies

• Concerts are a priority for leisure spending

• Concerts are less frequent

• Concerts are more accessible

What was a major concern about Ticketmaster that led to congressional scrutiny?

• Its inability to handle large events

• Its limited artist partnerships

• Its dominance and pricing structure

• Its lack of digital ticketing

What reform does Live Nation advocate for in the ticketing industry?

• Eliminating digital ticketing

• Reducing the number of concerts

• Shifting power from scalpers to artists

• Increasing ticket prices

What percentage of transactions go through Ticketmaster without issues?

• 100%

• 99.9%

• 97%

• 95%