Since the financial crisis, companies have skyrocketed to impossible valuations. While growth isn't linear, some have even reached the trillion-dollar club.
The entertainment stocks are worth checking in on as they continue to roll with the punches of this inflationary environment. Undoubtedly, we're all sick and tired of inflation and its impact on our spending habits.
Last month, the Department of Justice sued Live Nation Entertainment alleging antitrust law violations. The lawsuit — which aims for Ticketmaster to be spun off from Live Nation — is unlikely to affect the company's stock price.
Already fighting an antitrust suit, Live Nation is now also dealing with a data breach. The country's biggest ticket seller announced Friday (May 31) that its Ticketmaster system could have been compromised by a hacker who is trying to sell customer information on the dark web.
Cybercrime group ShinyHunters said it had stolen data of 500m customers of concert promoter's ticketing arm
Live Nation Entertainment said on Friday it was investigating a data breach at its Ticketmaster unit that it discovered on May 20, the latest in a string of high-profile corporate hacks in the past year.
Live Nation Entertainment Inc. confirmed late Friday that its Ticketmaster unit was a victim of a cyberattack, but the entertainment giant said it doesn't expect it to have a “material” effect on its operations.
In an unsettling end-of-week regulatory filing, Ticketmaster parent Live Nation Entertainment reported Friday that it had caught a hacker trying to sell user data via the dark web. The episode dates to May 20, the company said in the SEC filing.
Entertainment giant Live Nation has confirmed its ticketing subsidiary Ticketmaster has been hacked.
A federal lawsuit alleges that Live Nation and Ticketmaster have "monopolistic control over the live events industry."
On May 23, the U.S. Department of Justice filed a lawsuit against Live Nation Entertainment Live Nation Entertainment — aiming to break up the company, according to the Wall Street Journal.
Live Nation and its Ticketmaster business are reportedly facing a consumer antitrust lawsuit that comes on the heels of a suit filed by the Justice Department. The consumer suit is the first of what's likely to be many such suits, because they often follow legal action taken by U.S. or state attorneys general, Reuters reported Friday (May 24).