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Live Nation Entertainment Shares Tanking
Written by <a href='/admin/'>S. Monteban</a>   
Monday, 13 September 2010 06:25

altShares of concert promoter and ticket seller Live Nation Entertainment Inc. sank Tuesday after Benjamin Mogil, an analyst for Stifel Nicolaus, lowered his rating on Live Nation to "Hold" from "Buy" over worries that any gains from the improving concert business are going straight to increasing artist costs.

A few months back, Live Nation entertainment confirmed what most industry observers already knew... Ticket sales in 2010 have not been good and that has reverbed in both the primary and secondary ticket markets. . The company's spokespersons then suggested that this could lead to lower ticket prices, but it may not be that simple.

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