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Live Nation Entertainment, Inc.

LYV pitch long Jocelyn Doman ’17, Maria Muller ’17, William Hinman ’17, Mark Shohet ’17, Kenneth Chan ’18, Anton Korytsko ’18, Alexander Teixiera ’18

Thesis

Live Nation Entertainment is poised for growth due to its strong position in the live events industry and the increasing demand for live entertainment post-pandemic. The company has a robust pipeline of events and a growing ticketing platform that enhances its revenue potential.

Did it work?

worked confidence: high

The long thesis decisively played out: Live Nation returned +719.7% over the ~10-year period since the pitch, an exceptional outcome for a long position. The thesis dynamics — dominant position in live events, a robust event pipeline, and a growing ticketing platform capturing post-pandemic demand for live entertainment — were validated by both the price appreciation and the company's emergence as the clear leader in the live events ecosystem. With the full horizon elapsed and returns strongly aligned with the stated direction, this is a clear success.