A wild thing happened on Monday, March 1st. The share price of Live Nation Entertainment hit an all-time high — even though the last time the concert company had hosted a full-scale live show was 12 months prior. That stock-price peak sent the market cap of the Los Angeles-headquartered Live Nation surging above $20 billion for the first time. And this happened even as the company announced that, thanks to the prolonged Covid-19 lockdown, its fourth-quarter revenues for 2020 were just a tenth of the size they were in the same quarter of 2019 (a puny $237.3 million compared to $2.89 billion, to be exact). Why does Live Nation look so powerful on Wall Street even as a pandemic cripples its core business at the knees? The company’s counterintuitive, irrepressible market cap is likely about two things: one, the steady management of the company through the crisis under veteran CEO and president Michael Rapino, and two, investors’ confidence that the world will bounce back quickly from … [Read more...] about How Will Live Nation Bounce Back From the Concertless Year?
Quiz can guess where you live
American Idol ‘s Luke Bryan is set to miss out on the ABC competition series’ first live show of the season after contracting Covid-19. He will be replaced by original American Idol judge Paula Abdul for the episode. Country singer Bryan, who joined the ABC series at the top of its 16th season, revealed the news on social media. “I’m sad to say I won’t be a part of tonight’s first live @americanidol show,” he wrote. “I tested positive for Covid but I’m doing well and look forward to being back at it soon.” Monday’s episode, which will air from 8-10 p.m., will mark the ABC’s competition series’ return to the studio with a live audience . While Bryan leaves an empty seat at the judges’ table for the upcoming episode, Abdul will step in to help Lionel Richie and Katy Perry make their decisions. For the live show, audience members will be masked, tested and seated in pods with their immediate households, American Idol showrunner Trish Kinane told Deadline in … [Read more...] about ‘American Idol’ Judge Luke Bryan Contracts Covid-19, Paula Abdul To Guest On ABC Show’s Live Episode
Breaking News TMZ/Getty Luke Bryan 's going to miss out on the excitement of "American Idol" going live for the first time this season due to the coronavirus ... but a familiar face will take his place. The country music star and 'Idol' judge says he tested positive for COVID-19, so he won't be part of Monday night's first live show of the reality singing competition. Luke says he's doing well and hopes to be back at it soon, but in the meantime ... Paula Abdul is back!!! The show just announced while Bryan's quarantining and recovering at home, the former judge will be filling in as guest judge alongside Katy Perry and Lionel Richie . It's unclear how long she'll have to hold down the fort in Luke's chair, but as you know ... she has a lot of experience. Paula joined the series in 2002 as one of 3 judges with Simon Cowell and Randy Jackson , and had numerous memorable clashes with Simon. She left before the 9th season of 'AI' … [Read more...] about Luke Bryan Tests Positive for COVID, Out for ‘American Idol’ Live Show, Abdul’s Subbing
AC/DC frontman Brian Johnson will publish his memoir, The Lives of Brian , on October 26th via Dey Street Books , an imprint of the William Morrow Group at HarperCollins. The Lives of Brian will find Johnson covering his early life and career: chronicling his childhood growing up in a small town in England, starting his first band, and ultimately replacing AC/DC’s late first frontman, Bon Scott, and making the band’s 1980 classic, Back in Blac k. “I’ve had some long nights and some great nights, some bad days and a lot of good days, and during that time I’ve gone from choirboy to rock & roll singer, and now I’ve gone and written a bloody book about it,” Johnson said of the book in a statement. “Brian’s memoir captures an unforgettable moment in rock history,” William Morrow’s SVP and Executive Editor, Maura DiPreta, added. “Anyone who wants to understand Brian’s roots, as well as the moment of ignition when he joined AC/DC and helped create a monster album, will … [Read more...] about AC/DC’s Brian Johnson Preps New Memoir ‘The Lives of Brian’
Netflix said Monday that it has set Kong: Skull Island helmer Jordan Vogt-Roberts to direct a live-action Gundam , based on the iconic Japanese mecha franchise. The feature film hails from Legendary , which is reteaming with Vogt-Roberts from Skull Island and comes off the outsized box office success of its tentpole Godzilla vs. Kong . Y: The Last Man scribe Brian K. Vaughan is handling screenplay duties for the project, which he is also executive producing with Legendary’s Cale Boyter and Japanese studio Sunrise which originated the franchise. Vogt-Roberts is also producing. The plot for the movie is under wraps, but the original franchise is set in the Universal Century, an era in which humanity’s growing population has led people to emigrate to space colonies. Eventually, the people living in the colonies seek their autonomy, and launch a war of independence against the people living on Earth. The battles in the story are fought by the characters piloting … [Read more...] about Jordan Vogt-Roberts To Direct ‘Gundam’ Live-Action Movie From Legendary & Netflix