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Live Nation CEO says demand is unmistakable, but concert tickets are still relatively underpriced

1. Demand for live events is rising in a post-pandemic world. 2. Live music industry projected to grow 7.2% annually through 2030. 3. Live shows now account for 98% of artists' revenues, shifting economics. 4. Concert prices remain underpriced compared to sporting events. 5. New Salt Lake City entertainment district aims to host 100-200 events yearly.

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FAQ

Why Bullish?

The live events industry is expanding, which could increase LYV's revenues. Historical examples include the resurgence in concert attendance post-COVID boosting ticket sales for LYV.

How important is it?

The article describes growth in live events, impacting LYV positively. The ongoing shift in revenue sources for artists emphasizes the relevance of LYV's core business model.

Why Long Term?

As live events become integral to culture, LYV's growth is supported long-term by sustained demand. Past concert trends show prolonged profitability as audience engagement increases.

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