Public live cos add nearly $6bn since March crash
Bolstered by analyst confidence, the major publicly traded live businesses have added nearly $1bn a month to their market caps since March
News By IQ | 23 September 2020
The main publicly listed live entertainment companies have added US$5.75 billion – or nearly $1bn a month – to their collective value since the worst of the Covid-19-induced stock-market crash in March, new analysis reveals.
Combining the market capitalisations of Live Nation, CTS Eventim, DEAG, Time for Fun and Eventbrite, as well as a relevant percentage of Vivendi’s business, shows the six companies were worth nearly $6bn more on 21 September than 20 March, in spite of the six-month-and-counting shutdown of…
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