Few companies have been hit harder by the pandemic than Live Nation Entertainment (NYSE: LYV). As a concert promoter, the company been forced to suspend the vast majority of its schedule, and delays are likely to continue as long as social distancing is the norm.
But before the pandemic, Live Nation was a consistent winner. The company, which also owns Ticketmaster, the country's largest ticketing service, is a top dog in live entertainment. It manages many popular artists and is able to demand that venues that host its events use Ticketmaster. That model helped the company deliver nearly $1 billion in adjusted operating income last year on $11.5 billion in revenue.
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Source Fool.com