Last €15.51 EUR
Change Today +0.19 / 1.24%
Volume 0.0
3LN On Other Exchanges
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Exchange
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As of 2:04 AM 04/24/14 All times are local (Market data is delayed by at least 15 minutes).

live nation entertainment in (3LN) Snapshot

Open
€15.50
Previous Close
€15.32
Day High
€15.51
Day Low
€15.50
52 Week High
02/27/14 - €17.24
52 Week Low
05/2/13 - €9.33
Market Cap
3.1B
Average Volume 10 Days
33.6
EPS TTM
--
Shares Outstanding
200.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for LIVE NATION ENTERTAINMENT IN (3LN)

live nation entertainment in (3LN) Details

Live Nation Entertainment, Inc. operates as a live entertainment company. The company operates through Concerts, Ticketing, Artist Nation, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned and/or operated venues, and in rented third-party venues; operates and manages music venues; and produces music festivals. The Ticketing segment operates an agency business that sells tickets for its events and third-party clients across various live event categories through its Websites, telephone, mobile apps, and ticket outlets. This segment provides ticketing services for arenas, stadiums, amphitheaters, music clubs, concert promoters, professional sports franchises and leagues, college sports teams, performing arts venues, museums, and theaters. The Artist Nation segment offers management and other services to music artists; and sells merchandise associated with musical artists at live performances to retailers and directly to consumers through the Internet. The Sponsorship & Advertising segment provides online advertising services; and online sponsorship programs for corporate clients. As of December 31, 2013, the company owned, operated, or leased 85 entertainment venues and 100 other facilities in North America; and 28 entertainment venues and 85 other facilities internationally. The company was formerly known as Live Nation, Inc. and changed its name to Live Nation Entertainment, Inc. in January 2010. Live Nation Entertainment, Inc. was incorporated in 2005 and is headquartered in Beverly Hills, California.

7,400 Employees
Last Reported Date: 02/24/14
Founded in 2005

live nation entertainment in (3LN) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $2.3M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $727.7K
Chief Operating Officer
Total Annual Compensation: $750.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $667.0K
Chief Accounting Officer and Senior Vice Pres...
Total Annual Compensation: $280.0K
Compensation as of Fiscal Year 2013.

live nation entertainment in (3LN) Key Developments

Live Nation Entertainment and Motorola Announces Extension of Their Relationship

Live Nation Entertainment and Motorola announced an extension of their relationship with the launch of The Discovery Project. Continuing with their mission to engage electronic dance music (EDM) fans across multiple live event, social media and mobile platforms, this project provides a unique way for fans to share personal stories of self-expression in EDM. By participating in The Discovery Project, contestants compete for the once-in-a-lifetime chance to have their individual creations displayed at select Insomniac events. There are four categories: music, costume design, art installation and stage design. One person from each category will win the opportunity to meet with a mentor and will see his or her creations revealed at the festival in front of thousands of attendees.

U.S. District Court Judge Limits Claims Under Ticketmaster Suit against Live Nation Entertainment Inc., Monumental Ticketing Limited Partnership and Lyric Opera House

Judge Ellen L. Hollander dismissed claims of fraud, misrepresentation and federal racketeering against defendants Live Nation Entertainment Inc., Monumental Ticketing Limited Partnership and the Lyric Opera House, effectively eliminating the possibility of obtaining punitive damages. However, the core of the damages lawsuit remains, the plaintiffs’ lawyers say, and they intend to begin the next step of certifying the case as a class action. The Maryland Court of Appeals found the surcharge law was still in effect in January 2013 after Hollander requested its advice on the law’s interpretation. In the wake of that opinion, the Baltimore City Council quickly revised the law, eliminating the 50-cent cap on ticket fees last March. Meanwhile, the underlying suit remains pending before Hollander in the federal court. Bourgeois is challenging a $12 service fee on a $52 ticket he purchased for a Jackson Browne concert at the Lyric in 2009. Bourgeois bought the ticket on Ticketmaster’s website. Ticketmaster has exclusive rights to sell tickets to shows at the Lyric; it keeps a portion of the service charge for itself and gives the rest back to the Lyric along with the original ticket fee. In his lawsuit, Bourgeois claimed the practice violates two provisions of the Baltimore City Code, that the company practices fraud and misrepresentation by implying the service charge was legal and failing to disclose that it gives a portion of the funds back to the Lyric. Bourgeois, of Baltimore, also claimed six counts of violations under the federal Racketeer Influenced and Corrupt Organizations Act (RICO), claiming the fees returned to the Lyric were a kickback scheme. Hollander issued a memorandum opinion and order allowing only the 'money had and received' claim to move forward.

Live Nation Entertainment, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Capital Expenditure Guidance for the Fiscal Year 2014

Live Nation Entertainment, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported revenues of $1,613.1 million, operating loss of $81.4 million compared to the revenues of $1,437.2 million, operating loss of $77.1 million for the same quarter year ago. Adjusted operating income was $71.3 million compared to the $62.5 million for the same quarter year ago. Free cash flow was $17 million compared to $1 million a year ago. Maintenance capital expenditures were $21.1 million against $20.8 million a year ago. Revenue generating capital expenditures were $15.1 million against $14.3 million a year ago. For the year, the company reported revenues of $6,478,547,000, operating income of $139,660,000, loss before income taxes of $5,137,000, net loss attributable to common stockholders of company of $43,378,000 or $0.22 per basic and diluted share compared to the revenues of $5,819,047,000, operating loss of $21,639,000, loss before income taxes of $132,161,000, net loss attributable to common stockholders of company of $163,227,000 or $0.87 per basic and diluted share for the previous year. Adjusted net loss attributable to common stockholders of the company was $7.1 million or $0.04 per basic and diluted share compared to the $163.7 million or $0.88 per basic and diluted share for the previous year. Adjusted operating income was $505.2 million compared to the $459.1 million for the previous year. Net cash provided by operating activities was $417,472,000 compared to the $367,098,000 for the previous year. Purchases of property, plant and equipment was $134,868,000 compared to the $123,811,000 for the previous year. For the full year, free cash flow was $300 million compared to $276 million a year ago. The total capital expenditures were $116 million, with $59 million spent on maintenance items and $57 million on revenue-generating additions, including Ticketing re-platforming projects. The company currently projects that capital expenditures for 2014 will be $130 million, as overall CapEx to be roughly consistent as a percentage of revenue.

 

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3LN

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Valuation 3LN Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.7x
Price/Book 3.0x
Price/Cash Flow 14.0x
TEV/Sales 0.1x
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