Live music giants enjoy big stock market gains
Shares in Live Nation, CTS Eventim and MSG Entertainment have soared on the back of recent financial projections
News By James Hanley | 22 May 2023
It has been a strong week for touring power players on the stock market, with Live Nation, CTS Eventim and Madison Square Garden (MSG) Entertainment all seeing significant gains. Billboard‘s Global Music Index increased 4.4% to 1,256.06, with 15 of the 21 stocks showing an upswing over the past week.
Shares in concert giants LN and CTS were up 8.4% and 9.2% respectively, spurred by recent positive financial results for Q1 2023.
Live Nation posted revenue of $3.1 billion (€2.8bn) for the first quarter – up…
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