Live Nation-Ticketmaster Reports Record $16.7 Billion in Revenue ...Middle East

At a time of growing public pressure on the monopolistic practices of Live Nation and Ticketmaster, the ticketing giant doesn’t seem to be crumbling one bit. On Thursday, the company announced record profits, reporting a 2022 operating income up 125 percent from pre-pandemic levels to $732 million, and revenue up 44 percent, to $16.7 billion.Last month, the Senate held a hearing on Live Nation and Ticketmaster’s hold over the ticketing industry. And in November, Senators Amy Klobuchar, Richard Blumenthal, and Ed Markey sent a letter to Attorney General Merrick Garland, asking for a Justice Department investigation into the massive company, even suggesting the department consider breaking up

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Last updated : 24 February 2023 clock 02:32 AM

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Live Nation-Ticketmaster Reports Record $16.7 Billion in Revenue ...Middle East

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