Why Live Nation Entertainment's Stock Is Rocking and Rolling Today
Shares of Ticketmaster parent company Live Nation Entertainment (NYSE: LYV) are rocking the joint on Wall Street today. Live Nation posted strong sales figures and record results, driven by unprecedented global demand for live events. Live Nation CEO Michael Rapino emphasized the strength of the live events market, stating, "What is clear as we look at our results and operating metrics is that global demand for live events continues to reach new heights -- demand has been growing for a long time and is showing no signs of letting up."