Live Nation CEO talks consumer demand, says live music is 'a very scarce commodity'

Core Viewpoint - Live Nation's CEO emphasizes the enduring demand for live music, which remains strong despite inflation affecting other consumer sectors [1] Group 1: Company Performance - Live Nation shares increased by over 4% following the announcement of its most successful summer concert season to date [2] - The company has already sold more than 20 million tickets for upcoming events, indicating a robust demand for live performances [3] Group 2: Consumer Behavior - There is a growing urgency among consumers to attend live shows, reflecting a shift in spending from products to experiences [3] - Wider access to music through platforms like Spotify has transformed fan engagement, leading to increased interest in live performances among younger audiences [4]