LYV - Reassessing My Live Nation Entertainment Investment Thesis
Introduction
Live Nation Entertainment (LYV) is the world's largest producer of live entertainment. Consisting of Live Nation, Ticketmaster and Front Line Management Group, the company is the market leader in promoting concerts, ticketing and sponsorship. It has acquired many of the largest promoters in the United States, Canada, and Europe. Given that, the company promotes or stages about 30,000 events a year attracting around 60 million attendees. Furthermore, Live Nation Entertainment manages sports celebrities, promotes monster truck shows, and puts together touring theatrical productions.
In my first analysis, I explained why I wasn't