BUSINESS BRIEFING / ENTERTAINMENT
Times Staff and Wire Reports
Ticketmaster Entertainment Inc. said its second-quarter net income plunged 70% as ticket sales volumes fell and it booked expenses related to its pending merger with concert promoter Live Nation Inc.
Net income in the quarter that ended June 30 dropped to $7 million, or 12 cents a share, from $23 million, or 41 cents, a year earlier.
Revenue fell 7% to $355 million.
Excluding $5 million in merger costs, adjusted earnings hit 20 cents a share.
The biggest entertainment stories
Get our big stories about Hollywood, film, television, music, arts, culture and more right in your inbox as soon as they publish.
You may occasionally receive promotional content from the Los Angeles Times.
