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☆ Growth is hard to come by in the stock market these days. Here’s where to find it
▼ + stars: | 2022-12-16 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

That is below the trailing 10-year average annual earnings growth rate of 8.5%. T-Mobile has the highest expected earnings growth for next year, coming in at 232%. Shares gained more than 20% so far this year and have 25.7% upside to the average price target, per FactSet. Live Nation Entertainment, meanwhile, has an expected earnings growth of nearly 50% in 2023. The bank has an expected 20.8% earnings growth for next year and nearly 21% upside to the average analyst price target.

☆ A solo Ticketmaster might attract financial fans
▼ + stars: | 2022-12-15 | by ( Jennifer Saba | ) www.reuters.com time to read: +8 min

NEW YORK, Dec 15 (Reuters Breakingviews) - The drums are beating louder for a breakup of Live Nation Entertainment (LYV.N). For Live Nation, it’s not entirely clear that the flywheel is spinning smoothly. Live Nation says it is so dominant because it’s so much better than the competition. Putting the complicated legal and regulatory questions aside, there’s probably a financial case for Ticketmaster to become a solo act. Live Nation merged with Ticketmaster in 2010.

☆ Karma for Taylor Swift fans as Ticketmaster offers second chance for 'Eras Tour' tickets
▼ + stars: | 2022-12-12 | by ( Kaetlyn Liddy | ) www.cnbc.com time to read: +5 min

"We apologize for the difficulties you may have experienced, and have been asked by Taylor's team to create this additional opportunity for you to purchase tickets." The news comes one month after the public sale of Swift's "Eras Tour" was canceled due to "extraordinarily high demand." Ticketmaster claimed that 3.5 million fans pre-registered for Swift's Verified Fan program, the largest registration in its history. After they register as a "verified fan," Ticketmaster provides them with a code and a link to the purchase site. When tickets go on sale, the link leads fans to a "Smart Queue" that "keeps ticket bots out."

☆ More than two dozen Taylor Swift fans sue Ticketmaster
▼ + stars: | 2022-12-05 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +4 min

More than two dozen Taylor Swift fans are suing Ticketmaster parent Live Nation Entertainment, Inc. for “unlawful conduct” in the pop star’s chaotic tour sale, claiming the ticketing giant violated antitrust laws, among others. The lawsuit, filed in a California court on Friday, alleges Ticketmaster and its parent company were anti-competitive, imposing higher prices on fans in the presale, sale and resale market. The lawsuit also claimed that since Ticketmaster has agreements with the large stadiums in the tour, Swift “has no choice” but to work with Ticketmaster due to the size of her fan base. It also alleges that Ticketmaster profits off the resale of tickets in the secondary market by adding a service fee to its fan-to-fan exchange. Pre-sale tickets for “The Eras Tour” frustrated Swift fans across the country in a debacle that stayed in the headlines for weeks.

☆ Taylor Swift fans sue Ticketmaster following fumbled presale
▼ + stars: | 2022-12-04 | by ( Francesca Gariano | ) www.nbcnews.com time to read: +3 min

The plaintiffs are seeking a penalty of $2,500 against Ticketmaster for every violation of Business and Professions Code, section 17200. The lawsuit specifically cited the “ticket sale disaster” that occurred on Nov. 15 and Nov. 16 during the Verified Fan presale, which caused the site to crash, and the Capital One presale. “We believe that both Taylor Swift and her fans were hurt by Ticketmaster,” said Jennifer Kinder, an attorney for the plaintiffs, in a statement. “Even when a high demand on sale goes flawlessly from a tech perspective, many fans are left empty handed,” Ticketmaster said. “It goes without saying that I’m extremely protective of my fans,” Swift wrote.

☆ A group of Taylor Swift fans is demanding the Federal Trade Commission investigate Ticketmaster for "predatory" and "misleading" tactics. Read their complaint.
▼ + stars: | 2022-12-02 | by ( Jack Newsham | ) www.businessinsider.com time to read: +4 min

Nine Swifties have asked the FTC to look into Ticketmaster's ticket presale for her upcoming tour. The group is urging Swift fans to file complaints with their state attorneys general. The complaint also claimed that Ticketmaster violated the Americans with Disabilities Act by not making clear which seats were accessible to people with disabilities. The complaint claims Ticketmaster's 2010 tie-up with Live Nation should have been blocked. "This is bigger than Taylor Swift," said Burger.

☆ Stocks making the biggest moves midday: Apple, DraftKings, Biogen, Williams-Sonoma and more
▼ + stars: | 2022-11-28 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Check out the companies making the biggest moves midday:Apple — Apple shares fell 2% following a report that iPhone production could take a big hit due to unrest at a Foxconn factory in China, amid protests in China against the nation's zero-Covid policy. Wynn Resorts, Melco Resorts — Shares of casino operators Wynn Resorts and Melco Resorts gained 4.1% and 9.5% respectively, after the Chinese government granted them provisional licenses to continue operating in Macau. DraftKings — Shares dropped more than 5% after JPMorgan downgraded DraftKings to underweight from neutral, saying in a note that the company's competitors are more likely to achieve online sports betting profitability. Biogen — Biogen's stock fell nearly 4% after a Science.org report that a woman participating in an experimental Alzheimer's treatment trial, sponsored by Biogen and a Japanese pharma company, recently died from a brain hemorrhage. Williams-Sonoma — Shares tumbled 4.7% after Morgan Stanley downgraded the home furnishings stock to underweight, saying shares could fall further as demand weakens in a difficult macro environment.

☆ Taylor Swift Concert-Ticket Mess Draws Scrutiny for Live Nation and Ticketmaster
▼ + stars: | 2022-11-26 | by ( Anne Steele | ) www.wsj.com time to read: 1 min

Singer Taylor Swift sold more than two million tickets on Ticketmaster in one day. Ticketmaster’s Taylor Swift tour fiasco last week renewed calls to investigate the 12-year-old merger that joined the world’s largest live event promoter with the dominant ticketing company. But some legal experts are skeptical that dismantling the behemoth would address the problems raised by officials and fans. Lawmakers and attorneys general have lined up to hold Live Nation Entertainment Inc. and its Ticketmaster unit accountable for a botched ticket-sale process for Ms. Swift’s first concert tour in five years, blaming the website’s failure and high fees on a lack of competition.

That's the relatively simple origin story behind Liquid Death, the ironically named canned water brand that Cessario trademarked in 2017 and officially launched two years later. Collectively, investors have pumped about $195 million into Liquid Death, valuing the brand at $700 million, Cessario said. Liquid Death.' To prove Liquid Death was a viable brand, Cessario took a 3D rendering of his can design and created a Facebook page in 2018 to make Liquid Death look like a legitimate product. People contacted the Facebook page to ask where they could buy Liquid Death.

WASHINGTON, Nov 22 (Reuters) - A U.S. Senate antitrust panel will hold a hearing on the lack of competition in the ticketing industry after Ticketmaster's problems last week managing the sale of Taylor Swift tickets, Senator Amy Klobuchar, chair of the panel, said on Tuesday. "That’s why we will hold a hearing on how consolidation in the live entertainment and ticketing industry harms customers and artists alike." Senators Klobuchar and Mike Lee, the top Republican on the committee, did not provide a date for the hearing or a list of witnesses. For her part, the pop superstar on Friday said it was "excruciating" for her to watch fans struggle to secure tickets and that she had been assured that Ticketmaster could handle large demand. Reporting by Diane Bartz; Editing by Mark PorterOur Standards: The Thomson Reuters Trust Principles.

☆ Live Nation, Ticketmaster may need breakup, some senators say
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +2 min

[1/2] Taylor Swift poses on the red carpet for the 2022 MTV Europe Music Awards (EMAs) at the PSD Bank Dome in Duesseldorf, Germany, November 13, 2022. REUTERS/Thilo Schmuelgen/File PhotoWASHINGTON, Nov 21 (Reuters) - Ticketmaster and owner Live Nation Entertainment, the events ticketing giant behind the recently botched sale of Taylor Swift concert tickets, should be broken up by the Department of Justice if any misconduct is found in an ongoing investigation, Democratic senators said Monday. "This may be the only way to truly protect consumers, artists, and venue operators and to restore competition in the ticketing market." Live Nation and Ticketmaster merged in 2010 after a DOJ-brokered settlement that officials said would encourage competition and send ticket prices down. Instead, "across all genres and venues, Ticketmaster prices have more than tripled in the past 20 years," the senators wrote.

☆ 3 senators call for DOJ to potentially unwind the Ticketmaster and Live Nation merger: 'High prices and labyrinth-like ticketing process for Taylor Swift's Eras tour are clear examples of the harms co
▼ + stars: | 2022-11-22 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

"The high prices and labyrinth-like ticketing process for Taylor Swift's Eras tour are clear examples of the harms consumers face in an anti-competitive ticketing market," the senators write. Live Nation Entertainment has said that it "does not engage in behaviors that could justify antitrust litigation, let alone orders that would require it to alter fundamental business practices." The DOJ and Live Nation Entertainment did not immediately respond to Insider's request for comment on the letter. UMAW is also pushing for the merger between Live Nation and Ticketmaster to be unwound. Put simply, artists, venues, and consumers should no longer be at the mercy of a single seller."

☆ Some of Taylor Swift's biggest fans are also lawyers. After Ticketmaster's botched handling of her Eras Tour, they're mobilizing to take the ticketing giant down.
▼ + stars: | 2022-11-21 | by ( Nicole Tabak | ) www.businessinsider.com time to read: +10 min

Ticketmaster badly botched its sale of Taylor Swift tour tickets last week. Facing endless questions and concerns over the chaos that ensued during presales for Swift's upcoming Eras Tour, fans gathered on social media not just to commiserate, but to take action. How Ticketmaster's chaotic handling of the Eras Tour presale may lead to its undoingSwift fans shared screenshots of the long queues for tickets. "And I know that sounds stupid to people who don't love Taylor Swift the way that a lot of us do. The momentum may be thanks to her Eras Tour, but this is about holding a monopoly accountable.

☆ Meet a Taylor Swift fan who regrets paying $5,500 for resale tickets: 'I'm embarrassed I did it, I regret it, and I kind of just wish I had a nosebleed ticket'
▼ + stars: | 2022-11-20 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +6 min

Paige, a Swiftie of 15 years, was not enchanted by the way ticket sales went down for the Eras tour. Swifties across the country have been disappointed by high-priced resale tickets and ticket scarcity. The gold rush on Swift tickets has led to some tickets being resold for up to $13,000. Paige says she saw tickets going for $33,000 when she purchased hers. "Like in the same way getting something in the wrong way would feel bad, it's the same with this.

The Dow Jones Industrial Average (.DJI) rose 199.37 points, or 0.59%, to 33,745.69, the S&P 500 (.SPX) gained 18.78 points, or 0.48%, to 3,965.34 and the Nasdaq Composite (.IXIC) added 1.11 points, or 0.01%, to 11,146.06. For the week, the S&P 500 fell 0.7%, retreating modestly after a strong month-long rally spurred by softer-than-expected inflation data that sparked hopes the central bank could temper its market-punishing rate hikes. "We are not likely to see any real evidence in terms of potentially declining wage pressure or inflation pressure for another couple of weeks.”Defensive groups led the way among S&P 500 sectors, with utilities (.SPLRCU) up 2%, real estate (.SPLRCR) rising 1.3% and healthcare (.SPXHC) 1.2% higher. The S&P 500 posted 8 new 52-week highs and 3 new lows; the Nasdaq Composite recorded 62 new highs and 141 new lows. About 9.7 billion shares changed hands in U.S. exchanges, compared with the 12 billion daily average over the last 20 sessions.

☆ Taylor Swift Says It Was ‘Excruciating’ to Watch Ticketmaster Debacle
▼ + stars: | 2022-11-18 | by ( Alyssa Lukpat | ) www.wsj.com time to read: 1 min

Taylor Swift has responded to the Ticketmaster debacle that blocked many of her fans this week from getting tickets to her tour, saying Friday that it was “excruciating for me to just watch mistakes happen with no recourse.”Live Nation Entertainment Inc.’s Ticketmaster, the online ticket vendor, opened its presale Tuesday to select fans who had registered in advance. Millions of people swarmed the site, causing it to crash and forcing fans to wait sometimes hours to secure seats for the “Eras Tour” next year. Some fans didn’t get tickets.

☆ Ticketmaster's owner is reportedly being investigated by the Justice Department as the company faces widespread criticism from Taylor Swift fans
▼ + stars: | 2022-11-18 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +1 min

The Justice Department has been investigating Ticketmaster owner Live Nation Entertainment, NYT reports. Live Nation and Ticketmaster have been criticized after a bungled presale for Taylor Swift's tour. In 2010, Live Nation and Ticketmaster merged after the deal was approved by the Justice Department. The Department of Justice declined an Insider request for comment. The issues drew widespread criticism among Swift's fanbase, and the cancellation of Ticketmaster's general ticket sale further exacerbated the issue, leaving fans looking to attend the concert to pay prices up to thousands of dollars on resale sites.

☆ Ticketmaster shares spotlight with Taylor Swift
▼ + stars: | 2022-11-18 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, Nov 18 (Reuters Breakingviews) - Ticketmaster has a pretty bad seat for the Taylor Swift show. It also risks tempting Swift to turn the spotlight on Ticketmaster. In 2010, U.S. trustbusters allowed Ticketmaster to merge with Live Nation and create one of the largest event businesses in the world. Pearl Jam and Bruce Springsteen tried unsuccessfully to weaken Ticketmaster, but Swift might be able to move the needle. Taylor Swift and Uncle Sam would be a formidable duo.

☆ Alexandria Ocasio-Cortez tells pissed-off Swifties to demand the Justice Department break up Ticketmaster after Taylor Swift tickets debacle
▼ + stars: | 2022-11-18 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

Lawmakers have previously called for the Justice Department to investigated the company. Take action with @MorePerfectUS," Ocasio-Cortez tweeted after the news broke, directing her followers to a tweet that said: "Tell the DOJ to break Ticketmaster up here." The tweet also included a link to a form that allowed users to sign up to send an email to the Justice Department requesting the investigation. It's time for the Department of Justice (DOJ) to investigate their conduct and move to break them up." The White House has not indicated whether it plans to investigate Live Nation Entertainment, although President Joe Biden indicated last month federal regulators were working to address "junk fees" tacked onto things like entrainment and travel.

☆ White House on Taylor Swift Ticketmaster debacle: Capitalism without competition is exploitation
▼ + stars: | 2022-11-18 | by ( Emma Kinery | ) www.cnbc.com time to read: +3 min

White House Press Secretary Karine Jean-Pierre answers questions during the daily press briefing at the White House in Washington, August 9, 2022. Declining to comment on "any potential investigation" by the Justice Department, Jean-Pierre said Biden has been clear on how he feels about companies that hold monopolies. Ticketmaster, part of Live Nation, is facing scrutiny for its roll out of Taylor Swift concert tickets. The New York Times reported Friday the Justice Department had opened an antitrust probe into Live Nation after the fiasco. Live Nation Entertainment is a merger between Ticketmaster and Live Nation in 2010.

[1/3] Taylor Swift poses on the red carpet for the 2022 MTV Europe Music Awards (EMAs) at the PSD Bank Dome in Duesseldorf, Germany, November 13, 2022. The company said it is working to shore up its technology "for the new bar that has been set by demand for the Taylor Swift's Eras Tour". Chaos around the Swift tour prompted calls for the U.S. government to break up the company. For those who did not get tickets to the Eras tour, Swift said her hope was to provide "more opportunities for us to all get together and sing these songs." She has promised hits from albums spanning her career on the Eras tour.

The U.S. Justice Department, which approved Ticketmaster's much-criticized purchase of Live Nation in 2010, is different than it was 12 years ago. A probe is well short of a decision to file a lawsuit asking a judge to break up a company. Ticketmaster previously said in a statement the Swift ticket sale problems were caused by unprecedented demand, much of it by bots trying to buy tickets to resell. "Live Nation was a new entrant, but it had the wherewithal to really compete," he said. A previous Ticketmaster fight with the department culminated in a December 2019 settlement that extended for another five years a consent decree that was part of the deal's initial approval.

Ticketmaster announced in a tweet on Thursday it had canceled the public sale of tickets to Taylor Swift's "The Eras" Tour. "Due to extraordinarily high demands on ticketing systems and insufficient remaining ticket inventory to meet that demand, tomorrow’s public on-sale for Taylor Swift | The Eras Tour has been cancelled," Ticketmaster wrote in the tweet. This meant 1.5 million fans were invited to buy tickets while the remaining 2 million were waitlisted. In its statement, Ticketmaster said that even if a ticket sale goes perfectly, fans still tend to leave empty-handed. Despite the bungled pre-sale, Ticketmaster said more than 2 million tickets were sold on Nov. 15 for Swift's tour.

☆ Ticketmaster Backlash Mounts After Taylor Swift Ticket Debacle
▼ + stars: | 2022-11-17 | by ( Alyssa Lukpat | Anne Steele | ) www.wsj.com time to read: 1 min

Politicians and Taylor Swift fans are criticizing Ticketmaster for anticompetitive behavior after the online ticket seller’s website crashed this week and some people couldn’t buy tickets to Ms. Swift’s coming tour. When tickets went on sale Tuesday for Ms. Swift’s first tour in five years, a rush of fans swarmed Live Nation Entertainment Inc.’s Ticketmaster site. The site was one of the few places to buy a ticket for Ms. Swift’s “Eras Tour.” Fans complained on social media that the site kept crashing.

☆ Ticketmaster cancels Taylor Swift concert ticket sale citing high demand
▼ + stars: | 2022-11-17 | by ( ) www.reuters.com time to read: 1 min

Nov 17 (Reuters) - Online ticketing company Ticketmaster said in a tweet it has canceled Friday's sale of tickets for pop star Taylor Swift's The Eras Tour due to high demand and insufficient inventory. Shares of Ticketmaster parent Live Nation Entertainment Inc (LYV.N) shares fell as much as 2.9% to $71.85 following the tweet on Thursday. The online ticketing company faced Democrat U.S. senator Amy Klobuchar's scrutiny over sales practices after its website crashed Tuesday morning as millions of fans looking to buy seats for Taylor Swift's first tour in five years caused periodic outages and long wait times stretching up to three hours. Reporting by Arshreet Singh; Editing by KRishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

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