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home / news releases / LYV - Live Nation slips 5% as weekend concert tragedy leads to lawsuits

LYV - Live Nation slips 5% as weekend concert tragedy leads to lawsuits

Live Nation Entertainment Inc.
Live Nation Entertainment (NYSE:LYV) has slid 4.7% in the wake of a weekend concert tragedy in Houston that left eight people dead. A stampeding crowd at the Astroworld Festival caused those deaths and scores of injuries. Live Nation was a promoter in the event, and it's now facing at least two lawsuits alongside rapper/producer and festival organizer Travis Scott, performer Drake, promotor Scoremore Holdings, and NRG Stadium, among others. The crowd was so tightly packed, according to witness reports, that when it swelled toward the stage for Scott's set dozens were crushed to the point that they couldn't breathe. Just one trading session ago, hours before the deadly event, Live Nation had gained 15% off its own third-quarter earnings report.

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Live Nation slips 5% as weekend concert tragedy leads to lawsuits
Stock Information
Company Name: Live Nation Entertainment Inc.
Stock Symbol: LYV
Market: NYSE
Website: livenationentertainment.com
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