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LYV - Live Nation Has Already Sold 38 Million Concert Tickets for 2020
Live Nation Entertainment Inc.
Shares of Live Nation Entertainment(NYSE: LYV) have dropped sharply over fears of the coronavirus, but the concert operator had encouraging news for investors.
The company said it has already sold 38 million tickets for shows in 2020. That's an increase of 10% compared to this time last year. What's more, management reported that they have seen no slack in demand from concertgoers as a result of the outbreak.