Live Nation's Profit Percentage

Ticketmaster has 40,000 shows in 100 cities and 40 countries. The company spends about $10 billion on guarantees or those walkouts at midnight. We're going to make our money now is, okay, we have 100 million people walked into the door. Ticketing is a 35% business but you're neting out to a 10, 11% margin business overall.