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☆ Morgan Stanley names this music stock a top pick, cites rising engagement and the industry's superstar year
▼ + stars: | 2023-10-12 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

2023's gold rush for Taylor Swift and Beyoncé music should continue to bode well for shares of Spotify Technology , according to Morgan Stanley. Analyst Benjamin Swinburne named the music streaming company a top pick and reiterated his buy rating. Heightened engagement levels and ongoing innovation should fuel further market share gains and help the company hold onto pricing power, he added. In the near term, Swinburne remains confident in the company's ability to retain pricing power and anticipates an acceleration in revenue growth during the fourth quarter. The record-breaking event has sold out stadiums, led to an expensive resale ticket market and heads to theaters this weekend as a concert film that's already broken records, surpassing $100 million in ticket sales .

Persons: Taylor Swift, bode, Morgan Stanley, Benjamin Swinburne, Swinburne, Taylor, — CNBC's Michael Bloom Organizations: Spotify Technology, Spotify

☆ Impact of 'funflation' to continue beyond Taylor Swift and Beyoncé, says Bank of America
▼ + stars: | 2023-10-03 | by ( Cork Gaines | ) www.businessinsider.com time to read: +5 min

Bank of America predicts people will continue to spend big on live entertainment. AdvertisementAdvertisementMaybe the epic summer of Taylor Swift, Beyoncé, and "Barbenheimer" was just the beginning and not just a one-off outlier. On the surface, this contradicts some earlier warnings that while entertainment spending did prop up the economy, it would be fleeting. Bank of America did warn in its report that there is some risk in betting on "funflation" to continue. But if Bank of America's predictions are correct, the economy may feel the effects of entertainment spending despite the diminished sparkle of the performers.

Persons: Taylor Swift, —, Beyoncé, Kevin Mazur, Grace Smith, Swift Organizations: of America, Service, Bank of America, Force, Bloomberg, MediaNews, Denver, Getty, Bloomberg Economics Locations: Stockholm, Denver, Swift

☆ Sphere Entertainment stock soars more than 10% after Las Vegas venue opening
▼ + stars: | 2023-10-02 | by ( Laya Neelakandan | ) www.cnbc.com time to read: +1 min

The Sphere is seen during its opening night with the U2:UV Achtung Baby Live concert at the Venetian Resort in Las Vegas on Sept. 29, 2023. Sphere Entertainment shares soared more than 10% Monday morning following the successful opening weekend of the company's new Las Vegas venue. The Sphere plans to host live concerts and sporting events. Sphere calls itself a "next-generation entertainment medium" that aims to bring a fresh take to live entertainment, fit with a futuristic dome-shaped arena and wall-to-wall video screens. The Las Vegas venue is the company's first opening.

Persons: James Dolan Organizations: Sphere Entertainment, New York Knicks Locations: Las Vegas, London

☆ Here are Wednesday's biggest analyst calls: Apple, Tesla, FedEx, Match, Ford, Amazon, Microsoft and more
▼ + stars: | 2023-09-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's standing by its overweight rating after Apple's iPhone event Tuesday. F (Buy) earnings more resilient than appreciated driven by Pro business." Morgan Stanley reiterates Darden as overweight Morgan Stanley said it's bullish heading into the owner of Red Lobster's earnings next week. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's standing by its recent upgrade of the stock despite investor pushback. TD Cowen reiterates FedEx as outperform TD Cowen said it's cautiously optimistic heading into FedEx earnings next week.

Persons: Morgan Stanley, Apple, it's, BEV, Darden, Red, Commerce Max, Tesla, pushback, Michael Kors, Guggenheim, TD Cowen, Hershey, Cowen, Bernstein, Roth, Roth MKM, BTIG, Lennar, F3Q, Needham Organizations: JPMorgan, UBS, Ford, General Motors, Pro, Citi, Commerce, JPMorgan downgrades Oracle, WWE, UFC, Holdings, NYSE, Microsoft, FedEx, " Bank of America, Garden Entertainment, Bank of America, YouTube Locations: China, Capri, Lennar, GOOGL

☆ Live entertainment momentum sparks relaunch of Ringling Bros. and Barnum & Bailey
▼ + stars: | 2023-09-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLive entertainment momentum sparks relaunch of Ringling Bros. and Barnum & BaileyKenneth Feld, Chairman and CEO of Feld Entertainment, joins 'Power Lunch' to discuss the live event business for motocross, relaunching Ringling Brothers and Barnum and Bailey and the state of the live entertainment business.

Persons: Bailey Kenneth Feld, Ringling, Barnum, Bailey Organizations: Ringling Bros, Barnum, Feld Entertainment, Ringling Brothers

☆ Burning Man costs most people a minimum of $800 for just a ticket and a parking spot. All the other expenses can easily push the total cost into the thousands.
▼ + stars: | 2023-09-05 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +6 min

Burning Man may be "decommodified" but it's still pretty expensive to attend. AdvertisementAdvertisementTickets alone aren't cheapMost tickets sold directly from Burning Man cost $575 each this year, according to the event's website. Transportation and lodging can easily cost thousandsLots of Burning Man attendees opt for an RV — which can be costly to rent. Aly Weisman/Business InsiderOne website advertising yurts for Burning Man lists structures ranging in price from $3,000 to $11,500. A Burning Man attendee and their costume in front of dozens of bikes on the playa.

Persons: Here's, There's, they're, Matt Mills McKnight, you've, there's, Aly Weisman, It's, — Organizations: Service, Black, Entertainment, Transportation, Black Rock City, Burning, Rock City Locations: Transportation, Wall, Silicon, Reno, Black Rock City, Black Rock, yurts

☆ Disney and Charter's streaming negotiations heat up as NFL season appraoches
▼ + stars: | 2023-09-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDisney and Charter's streaming negotiations heat up as NFL season appraochesCNBC's Julia Boorstin joins 'Power Lunch' to discuss Disney and Charter Communications continuing their negotiations over live entertainment streaming, Disney's effort to coax users towards its live TV bundle with Hulu, and when a resolution can be expected.

Persons: appraoches CNBC's Julia Boorstin Organizations: Disney, Charter Communications

☆ Taylor Swift, Beyoncé and 'Barbenheimer' are lifting consumer spending this quarter. But Morgan Stanley says it may not last
▼ + stars: | 2023-08-31 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Taylor Swift, Beyonce, Barbie, Oppenheimer Getty ImagesConsumer spending may not be out of the woods. Real spending is expected to come in 1.9% higher in the third quarter, helped in part by stadium tours from music superstars Taylor Swift and Beyoncé, as well as summer movie blockbusters "Barbie" and "Oppenheimer," according to Morgan Stanley. Taken together, Morgan Stanley economist Sarah Wolfe said the "unprecedented" revenues tied to these events should add a seventh of one percentage point to consumption growth in the quarter. Simultaneously, Wolfe said the return of student loan payments this fall should pull consumption down another by another eighth of a percentage point. "In 4Q, these factors not only unwind, but the October expiration of the student loan moratorium further weighs on consumption."

Persons: Taylor Swift, Beyonce, Barbie, Oppenheimer, Morgan Stanley, Sarah Wolfe, Wolfe Organizations: Oppenheimer Getty, PCE Locations: U.S

☆ T-Pain in your living room: Are virtual concerts the future of live entertainment?
▼ + stars: | 2023-08-30 | by ( Samantha Bresnahan | ) edition.cnn.com time to read: +9 min

T-Pain is performing songs that will become a virtual reality (VR) concert, delivered directly to fans via VR headsets. “(Virtual reality) is a very big shift,” says Kyung Kuk Kim, vice president and head of production for AmazeVR. (AmazeVR says it plans to launch the T-Pain concert this Fall.) According to AmazeVR, pricing is currently per concert; it will cost $6.99 for one year of access to the T-Pain concert, for example, after that content launches. It is also producing and releasing mixed reality (MR) concerts – a combination of virtual and augmented reality – by overlaying virtual elements onto live, real-world video.

Persons: ”, I’m, Faheem Rashad Najm, “ I’m, AmazeVR, Megan Thee, “, Kyung Kuk Kim, Kim, Lance Drake, Drake, Mel Slater, Slater, ‘, ’ ”, ” Slater, ’ ” Slater, Jamie McCarthy, they’re, Taylor Swift’s, don’t, AmazeVR’s Kim, it’s, you’re, ” CNN’s Leif Coorlim Organizations: CNN, Florida -, Apple, VR, Dire, YouTube, University of Barcelona, Neuroscience, Technology, UN, Apple Vision Locations: Culver City , California, American, Florida, New York City

☆ Stocks making the biggest moves midday: Dick's Sporting Goods, Macy's, Charles Schwab and more
▼ + stars: | 2023-08-22 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Macy's said it expects adjusted earnings per share between $2.70 and $3.20, adding it sees comparable store sales falling between 6% and 7.5%. The company reported earnings of $4.56 per share, versus the $4.49 expected by analysts surveyed by Refinitiv. AppLovin – The marketing stock rose 1.5% to a 52-week high following a Jefferies upgrade to buy from hold. Zoom Video – Shares of the video communications platform lost about 2% even after the company posted better-than-expected second-quarter results. Aramark — The food service stock rose about 2%.

Persons: Dick's, Macy's, Lowe's, Charles Schwab —, Charles Schwab, AppLovin, Jefferies, Stephen Tusa, Emerson, AspenTech, Fabrinet, Seamus Grady, Aramark, —, Alex Harring, Yun Li, Hakyung Kim, Brian Evans, Michelle Fox, Sarah Min Organizations: Dick's, Goods, Revenue, Refinitiv . Revenue, Bloomberg, American Airlines –, American Airlines, Baidu, Microsoft, Activision, Activision PC, Jefferies, Emerson, JPMorgan, Garden, Bank of America, UBS Locations: Madison

☆ Here are Tuesday's biggest analyst calls: Apple, Nvidia, Zoom, Amazon, Bowlero, Lululemon & more
▼ + stars: | 2023-08-22 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Bank of America reiterates Lululemon as buy Bank of America said it's standing by its buy rating on the stock heading into earnings next week. Bank of America adds Jazz Pharmaceuticals to the US1 list Bank of America added the pharmaceutical company to its top picks list. "We initiate coverage of The Madison Square Garden Entertainment Co. (MSGE) with a Buy rating and a 12-month price objective (PO) of $41, implying ~30% potential upside." Bank of America initiates Gulfport Energy as buy Bank of America said the energy company is undervalued. Stifel reiterates Bowlero as buy Stifel said it's standing by its buy rating on the bowling company.

Persons: Morgan Stanley, Lululemon, LULU, Bernstein, Emerson, Raymond James, Apple, it's, Stifel, Jefferies, Goldman Sachs, JEF Organizations: Bank of America, Jazz Pharmaceuticals, Inc, UBS, GXO Logistics, Mobility, RBC, JPMorgan, Emerson, Mizuho, Edison, FOUR, Apple, Nvidia, AppLovin, Garden Entertainment, The, Garden Entertainment Co, Energy, Xcel Energy, Minnesota & Locations: China, The Madison, Minnesota, Minnesota & Colorado

☆ Bank of America forecasts more than 30% upside for this live entertainment stock
▼ + stars: | 2023-08-22 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Bank of America thinks Madison Square Garden is one of the best plays in the live entertainment sector, and investors need to capitalize on it. The firm initiated the stock on Tuesday with a buy rating, accompanied by a $41 per share price target. "Post its spinoff from Sphere, we view MSGE—owner of iconic venues including Madison Square Garden and The Chicago Theatre—as an attractive opportunity to own a growth-oriented, pure-play live entertainment company," Henderson said. Madison Square Garden stock has slipped nearly 19% in the past three months alone, according to FactSet. MSGE YTD mountain Madison Square Garden Entertainment in 2023.

Persons: Peter Henderson, Henderson, — CNBC's Michael Bloom Organizations: of America, Madison, Garden, Chicago Theatre, Madison Square Garden, Garden Entertainment Locations: New York City, Madison

☆ Here are Friday's biggest analyst calls: Amazon, Netflix, Nio, Coinbase, Apple, Chevron, BJ's, Carvana
▼ + stars: | 2023-08-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Friday's biggest calls on Wall Street: Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's standing by its overweight rating on shares of Apple. JPMorgan reiterates Netflix as overweight JPMorgan said it's standing by its overweight rating on Netflix shares. Morgan Stanley upgrades DigitalOcean to equal weight from underweight Morgan Stanley said in its upgrade of the software company that its thesis on DigitalOcean has largely played out. Morgan Stanley reiterates Carvana as underweight Morgan Stanley said the company still has "alot to prove." Wells Fargo reiterates Chevron as overweight Wells said it's standing by its overweight rating on shares of Chevron.

Persons: Morgan Stanley, Apple, it's, hasn't, pushback we've, Mizuho, Coinbase, Redburn, DigitalOcean, Nio, Carvana, Wells, Wells Fargo, BJ, JPMorgan, Krispy Kreme, Krispy, Stephens, Wolfe downgrades Stanley Black, Decker, Wolfe, Argus Organizations: Apple, iPhone, Services, JPMorgan, Netflix, ARM, Walmart, Credit Suisse, HOOD, " Bank of America, Oncology, Bank of America, Citi, Cisco Citi, Cisco, Arista, Juniper, Enterprise, Deutsche Bank, Deutsche, Chevron, FedEx, Garden Entertainment Locations: Coinbase, 2Q, HOOD

Media and entertainment deal-making has slowed, but private equity players are still betting big on the space. Middle Eastern sources are still providing funding to media, which could fuel deals in the months ahead. Media deal volume has actually increased, just not as fast; PwC recorded media deals rose 3% (to 326) in the six months through May, down from a 7% increase in the previous six months. And beyond private equity, legacy players could shed properties they consider non-core: Paramount is trying to offload BET while Warner Bros. Insider's list of top private equity players in media and entertainment highlights 17 firms, from heavy hitters to smaller upstarts, based on our reporting and conversations with investors and insiders.

Persons: PwC, Hollywood —, Ryan, Morgan Stanley, Sherrese Clarke Soares Organizations: Media, Hollywood, RedBird Capital Partners, NFL, Company, Qatar Investment Authority, Yahoo, ESPN, Paramount, BET, Warner Bros, Discovery, Equity Partners Locations: Providence, BlackRock

ANAHEIM, California, June 30 (Reuters) - For the first time ever, Marvel fans will be able to watch heroic super soldier Steve Rogers sing and dance on stage in Disneyland Resort's one-act musical theater production “Rogers: The Musical.”As part of Walt Disney's (DIS.N) 100th anniversary celebration, Disneyland opened the 30-minute musical on Friday at the Hyperion Theater in Disney California Adventure Park. “Rogers: The Musical” was introduced as a fictional Broadway musical in the first episode of the Disney+ miniseries “Hawkeye,” a show about the superhero Clint Barton, an archer who uses high-tech weaponry. What if we could turn 'Rogers: The Musical' into a real show?’" Dan Fields, executive creative director for Disney Live Entertainment, told Reuters. In addition to Steve Rogers, audiences can expect to see characters Peggy Carter, Nick Fury and some of the Avengers members as they go from Steve’s origin story into the future. “Rogers: The Musical” will perform multiple times per day, Tuesday through Saturday most weeks.

Persons: Steve Rogers, “ Rogers, Walt Disney's, Hawkeye, ”, Clint Barton, Rogers, Dan Fields, America, Christopher Lennertz, Kevin Feige, ” Fields, Peggy Carter, Nick Fury, Danielle Broadway, Mary Milliken, Cynthia Osterman Organizations: Marvel, Disneyland, Hyperion Theater, Disney, Disney California Adventure, Disney Live Entertainment, Reuters, Disney Convention, Adventure, Thomson Locations: ANAHEIM, California, Disney California, ”

The cost of certain goods is retreating in some places, but that doesn't include live music. Concert tickets have surged in price, to the point where economists are noticing. While ticket prices have increased, he said, mid-year figures haven't shown an appreciable rise since May 2022, when U.S. inflation was 8.6%. In India, fans are happy to pay a premium for quality entertainment, according to Owen Roncon, chief of business for Live Entertainment at BookMyShow. In Britain, about 150,000 music fans paid 340 pounds ($431)for a ticket to June's Glastonbury festival to see Elton John and hundreds of other acts.

Persons: Taylor Swift, Bruce Springsteen, haven't, Mario Ihieme, Paul Donovan, Harry Styles, Joel Barrios, Carolina Candelas, Andy Gensler, Pollstar, TD Cowen, Stephen Glagola, Elton John, Jason Cairnduff, Bruno Mars, Coldplay, Fairuz Zahari, Ed Sheeran, Owen Roncon, Eventbrite, Michael Rapino, Beth Cook, Dawn Chmielewski, Danielle Broadway, Sachin Ravikumar, David Milliken, Sharon Kimathi, Rozanna, Radhika Anilkumar, David Gaffen, Catherine Evans Organizations: LOS ANGELES, National Statistics, UBS Global Wealth Management, Stubhub, Ticketmaster, REUTERS, U.S . Labor Department, Backstreet, Live Entertainment, Backstreet Boys, Entertainment, Thomson Locations: Asia, U.S, GLASTONBURY, England, London, Seattle, Mexico City, Los Angeles, Europe, Barcelona, Glastonbury, Somerset, Britain, Malaysia, Australia, India, Leeds, Kuala Lumpur, Bangalore

The cost of certain goods is retreating in some places, but that doesn't include live music. Concert tickets have surged in price, to the point where economists are noticing. Event prices in UK inflation data are based on when shows take place, not when tickets are bought. While ticket prices have increased, he said, mid-year figures haven't shown an appreciable rise since May 2022, when U.S. inflation was 8.6%. The U.S. Labor Department does not specifically measure inflation for concert prices, but the inflation rate for live performing admission events is currently 2.6 percentage points more than U.S. headline inflation.

Persons: Taylor Swift, Bruce Springsteen, haven't, Mario Ihieme, Paul Donovan, Harry Styles, Joel Barrios, Carolina Candelas, Andy Gensler, Pollstar, TD Cowen, Stephen Glagola, Bruno Mars, Coldplay, Fairuz Zahari, Ed Sheeran, Owen Roncon, Eventbrite, Michael Rapino, Elton John, Beth Cook, Dawn Chmielewski, Danielle Broadway, Sachin Ravikumar, David Milliken, Sharon Kimathi, Rozanna, Radhika Anilkumar, David Gaffen, Catherine Evans Organizations: LOS ANGELES, National Statistics, UBS Global Wealth Management, Stubhub, Ticketmaster, U.S . Labor Department, Backstreet, Live Entertainment, Backstreet Boys, Entertainment, Thomson Locations: Asia, U.S, GLASTONBURY, England, London, Seattle, Mexico City, Los Angeles, Europe, Barcelona, Malaysia, Australia, India, Britain, Leeds, Glastonbury, Kuala Lumpur, Bangalore

☆ MLB: London Series takes over the UK
▼ + stars: | 2023-06-26 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +8 min

The Cubs dominated the London Series opener storming home to a 9-1 victory. Daniel ShireyMLB Photos/Getty ImagesA UK twist“It’s a thrill to be here,” Cardinals fan Karen Asher-Relf told CNN Sport. “I think it’s awesome [the London Series], I love baseball and I’m slowly converting him,” said Karen. DeCap, a Cardinals fan, and Crain, a Cubs fan, flew over to the UK for a vacation that incorporated watching the game. Since the last London Series event, the MLB has introduced a pitch clock designed to make matches shorter – a far cry from the mammoth four hour and 42-minute game between the New York Yankees and the Boston Red Sox during the 2019 London Series.

Persons: Jack, it’s, Daniel ShireyMLB, Karen Asher, Relf, Paul, Karen, didn’t, “, ”, Paul’s, –, Jimmy Anderson, Nathan Lyon of, Winston Churchill, King Henry VIII, Freddie Mercury, Churchill, Caroline ”, Neil Diamond, Henry VIII, Andrew Couldridge, John DeCap, Scot Crain, Crain, “ We’ve, ” Crain, DeCap, We’ve, Hector Echevarria, Echevarria, Louis, Lars Nootbaar, ” Willson Contreras, Louis Cardinals, Nick Offerman, Swanson, Offerman, Ron Swanson, John Goodman, Kate Long, I’ve, Zac Goodwin, Sadiq Khan, Rob Manfred Organizations: London, London CNN, Major League Baseball, Chicago Cubs, Louis Cardinals, Premier League soccer, West Ham United, Cubs, Cardinals, CNN Sport, King’s Guard, Guard, Covid, MLB, New York Yankees, Boston Red Sox, Soul Symphony, Recreation, Inc, ”, Philadelphia Phillies, New York Mets Locations: London, British, St, Louis , Missouri, Nathan Lyon of Australia, Toronto, Canada

☆ Inside Netflix's growing M&A machine, who's leading it, and what insiders think the streamer could buy next
▼ + stars: | 2023-06-21 | by ( Lucia Moses | ) www.businessinsider.com time to read: +9 min

It then delved further into M&A to kickstart its games business. And the streamer hasn't completely abandoned its build-from-within strategy, as it also announced plans last fall to build its own gaming studio in Finland. He recently was elevated to the Lstaff, a group of 25 Netflix business heads who debate its biggest initiatives. (Netflix ended up doing a partnership in 2019 with that company, Studio Dragon, and its parent CJ ENM.) But leadership has been steadfast that Netflix's M&A mantra hasn't changed.

Persons: Here's, Reed Hastings, It's, it's, who's, what's, Roald Dahl, Dahl, Peter Rabbit, Spry, Harry Potter, execs, Spencer Wang, Michael Porter, Spencer Neumann, who'd, Neumann, Wang, Greg Peters, Ted Sarandos, Bela Bajaria, Scott Stuber, Mike Verdu, Jay MacDonald, Digiday, Ana Milicevic, Hastings, Sarandos, CJ ENM, Mario Organizations: Netflix, stoke, Paramount, Night School, Spry Fox, Disney, Warner Bros, DC Comics, Digital Capital Advisors, MLB, Surf League, Street Journal, Microsoft, Sparrow Advisers, MGM, Amazon, Mario Bros, Activision Blizzard, Epic Games, UBS Locations: Finland, New Jersey, Hollywood

☆ 4 professionals share how business travelers can have an authentic cultural experience during a conference trip
▼ + stars: | 2023-06-20 | by ( Mariette Williams | ) www.businessinsider.com time to read: +6 min

Four experts told Insider how professionals can balance work and leisure activities during a conference trip. "While attending a women's leadership conference on the west coast, a colleague and I made a beeline to the beach to enjoy a seaside cocktail, and I also scheduled a spa visit in between conference activities in Dubai." "I recently attended a conference in Boston and was enthralled with the old-world beauty of the place," Sharp told Insider. "When I have limited time, I make every effort to carve out time to try great restaurants," said Dr. Sekou. Take advantage of conference perks or connectionsDepending on the type of conference you're attending, you can tap into the conference resources.

Persons: —, Sara Sharp, Hunter Garnett, Sheree Sekou, Sharp, Paul Revere's, Bryan Clayton, Sekou, Garnett Organizations: Service, SK, S, Church, House Locations: Huntsville , Alabama, Dubai, Boston, Massachusetts, Colorado Springs

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☆ Ex-WWE chief McMahon pays back $17.4 million in investigation costs
▼ + stars: | 2023-03-24 | by ( ) www.reuters.com time to read: +1 min

March 24 (Reuters) - World Wrestling Entertainment Inc (WWE) (WWE.N) said on Friday Executive Chairman Vincent McMahon had paid $17.4 million to the company to cover costs related to an investigation into his alleged misconduct. McMahon, credited with transforming WWE from a regional player to a global giant, retired as CEO and chairman of the company in July last year. He returned to the board in January, after the probe was wrapped up. McMahon said he would involve himself in the company's media rights acquisition process as it looks to capitalize on growing demand for content and live entertainment. Reporting by Akash Sriram in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

☆ Ticketmaster is looking for a new social media director, and it's asking the hire to be 'brave' after months of fury from fans
▼ + stars: | 2023-03-20 | by ( Rebecca Cohen | Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Ticketmaster is hiring a Director of Social, and the company is asking bravery of the new hire. Posted five days ago on LinkedIn, Ticketmaster is searching for a social media expert to take over its North America marketing leadership team. Months of messy ticket sales led by Ticketmaster have put the massive entertainment sales site under the microscope. The ticketing debacle even prompted a Senate Judiciary Committee hearing titled "That's the Ticket: Promoting Competition and Protecting Consumers in Live Entertainment," where a bipartisan group of senators grilled Joe Berchtold, the president and CFO of Live Nation Entertainment. "For too long, Live Nation and Ticketmaster have wielded monopoly power anticompetitively, harming fans and artists alike."

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