"Despite these challenging times, we continue to have full confidence in the long-term supply and demand dynamics of the live concerts industry, Live Nation’s leadership position and our business model’s ability to successfully deliver profitable growth and shareholder value."
Daniel Ek: "Eventually we will get to more of a point of maturity where we'll focus more on profit over growth, but for the next few years it's going to be predominantly growth for us."
The global recorded music industry generated $20.2bn in wholesale revenues – that’s the money making its way back to labels and artists – in 2019. This figure was up 8.2% on the prior year ($18.7bn), according to official industry data revealed in the latest IFPI Global Music Report today (May 4). Bright spots for record … Continued