Sales rise for Live Nation

CONCERT promoter and ticket seller Live Nation Entertainment yesterday announced an increase in first quarter sales as concert events, sponsorship and advertising lifted revenue

Sales rose 6.4 per cent to $923.7m (£597m). However, the company reported a net loss of $63.2m, or 33 cents a share, compared with a loss of $69.2m or 37 cents, in the same period a year ago.

The US-based firm saw an increase of 47.6 per cent in adjusted operating income in the concert division. But the number of total tickets sold dropped 2.6 per cent to 35.7m