Will a COVID-19 Vaccine Save Live Nation Entertainment?
Live Nation Entertainment (NYSE: LYV), parent of Ticketmaster and Live Nation Concerts, has been negatively impacted as much as any business from the coronavirus crisis. Bans on large gatherings are likely to continue until the world's population has access to an effective COVID-19 vaccine.
With no live events, the company estimates it is going through cash at an overall rate of $185 million per month, which means it will be out of free cash in about 10 months. So let's look at why the company sounded optimistic in its recent second-quarter earnings release on Aug. 5.
Source Fool.com
