LYV - Live Nation Entertainment: A Strong Comeback Limited By Lawsuits
- Live entertainment took a huge hit as the COVID-19 shutdown put a full stop to live events, Live Nation’s entire business.
- Live Nation saw a 95% revenue decrease at the height of the lockdown and had to furlough 96% of its employees.
- Its involvement in the recent Astroworld tragedy has generated increased media and scrutiny related to its safety regulations or lack thereof.
- Lawsuits against Live Nation have caused investors to take a bearish position.
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Live Nation Entertainment: A Strong Comeback Limited By Lawsuits