Taylor Swift Fans In France Not Having A 'Love Story' With Ticketmaster, Can't Get Tickets For Concerts
Portfolio Pulse from Chris Katje
Taylor Swift's concert tour is facing ticketing issues in France due to overwhelming demand, causing Ticketmaster, a subsidiary of Live Nation Entertainment (NYSE:LYV), to temporarily suspend sales. Technical glitches on Ticketmaster's website left fans unable to log in, with a queue of over 700,000 fans trying to secure tickets. This follows similar issues with U.S. shows in November 2022. Live Nation shares are currently trading at $93.14, up 35% year-to-date in 2023.
July 11, 2023 | 4:28 pm
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NEUTRAL IMPACT
Live Nation Entertainment, the parent company of Ticketmaster, may face reputational damage due to the ticketing issues. However, the high demand for tickets indicates strong revenue potential.
While the technical issues and ticketing suspension could negatively impact Live Nation's reputation, the overwhelming demand for tickets indicates a strong revenue potential for the company. Therefore, the short-term impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100