Where Will Live Nation Be in 5 Years?
Ticketmaster parent company Live Nation Entertainment (NYSE: LYV) is playing a sad song in 2020. The COVID-19 pandemic forced the company to cancel or postpone nearly all of its scheduled events this year. Revenues have been virtually nonexistent since the middle of March, and the company is burning cash to the tune of $120 million per month. But this too shall pass, right? Coronavirus vaccines are already reaching people in high-risk categories, promising a return to normalcy in the near future.
Where is Live Nation going from here? Let's have a look at the company's business prospects over the next five years.
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Source Fool.com