VERIZON COMMUNICATIONS

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Delayed Nyse  -  04:00 2022-08-17 pm EDT
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Verizon, Live Nation Form Multi-Year Partnership

03/21/2022 | 11:33am EDT

By Denny Jacob


Verizon Communications Inc. and Live Nation Entertainment Inc. said the two companies formed a multi-year partnership based on 5G technology and presale ticket access.

Verizon said it launched a new "First Access" ticket presale program exclusively for Verizon Up members. Tours include The Weeknd, Imagine Dragons and Dierks Bentley, with additional artist tours to be announced at a later date.

The New York-based cellphone carrier said it will continue to deploy 5G in Live Nation venues across the country.

Verizon and Live Nation said the companies are also working to provide exclusive access to select artists' streaming concerts through Veeps streaming platform as part of +play, a new platform exclusive to Verizon customers launching later this year.

"This partnership with Live Nation opens the door for artists to enhance fan engagement and participation, and shape the future of live events," Verizon Marketing Chief Diego Scotti said in prepared remarks.


Write to Denny Jacob at denny.jacob@wsj.com


(END) Dow Jones Newswires

03-21-22 1232ET

Stocks mentioned in the article
ChangeLast1st jan.
LIVE NATION ENTERTAINMENT, INC. -1.58% 97.48 Delayed Quote.-18.56%
VERIZON COMMUNICATIONS -1.00% 45.34 Delayed Quote.-12.74%
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Analyst Recommendations on VERIZON COMMUNICATIONS
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Financials (USD)
Sales 2022 137 B - -
Net income 2022 20 212 M - -
Net Debt 2022 149 B - -
P/E ratio 2022 9,41x
Yield 2022 5,69%
Capitalization 190 B 190 B -
EV / Sales 2022 2,49x
EV / Sales 2023 2,40x
Nbr of Employees 118 400
Free-Float 97,8%
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Mean consensus HOLD
Number of Analysts 29
Last Close Price 45,34 $
Average target price 52,56 $
Spread / Average Target 15,9%
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Managers and Directors
Hans Erik Vestberg Chairman & Chief Executive Officer
Matthew D. Ellis CFO-Operations Finance & Senior Vice President
Kyle J. Malady Vice President-New Product Development
Shankar Arumugavelu Chief Information Officer & SVP-Verizon Wireless
Craig Silliman Chief Administrative & Legal Officer, Executive VP
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