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MARKET MOVERS

Street is singing Live Nation’s praises

Live Nation is bringing Selena Gomez to Boston Aug. 25. It says ending mass discounting to fill seats has improved profits. Live Nation is bringing Selena Gomez to Boston Aug. 25. It says ending mass discounting to fill seats has improved profits. (Taylor Hill/ Getty Images)
August 10, 2011

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The critics - well, make that analysts - are giving thumbs up to Live Nation Entertainment. Expectations were for a break-even quarter, but the concert promoter’s $13.3 million profit reversed a year-earlier loss of $32.8 million. It adjusted pricing to generate more revenue from costlier seats near the stage, while selling more cheap seats in the back. North American concert attendance rose 13 percent.