Live Nation Dominates Experiences, But Monopoly Risks Loom
🎟️ Live Nation holds a near-monopoly in the live event promotion space (concerts, festivals) through vertical integration, owning Ticketmaster, artist representation, and venues.
✨ The company benefits from the shift towards the 'experience economy,' where consumers, particularly aging demographics with increasing purchasing power and younger generations, prioritize spending on live events over material goods.
⚖️ Despite its strong business model and market position, Live Nation faces significant risk from potential antitrust investigations in the US due to its dominant market share, alongside potentially demanding valuation multiples.
