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Live Nation Revenue Wiped Out By COVID; CEO Michael Rapino Sees Live Events In Full Swing Next Summer

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deadline.com

Jill Goldsmith Co-Business EditorLet’s get this over with. Live Nation, which makes a living on live events, saw revenue plunge 98% last quarter to $74 million and swung to a loss of $588 million from a profit of $176 million the year before.

It was the first full COVID-19 quarter and the company was expected to bleed red ink.CEO Michael Rapino can only look ahead.

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