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LIVE NATION ENTERTAINMENT REPORTS FIRST QUARTER 2021 RESULTS LIVE NATION ENTERTAINMENTⓇ Highlights • Concerts Pipeline for 2022 Up Double Digits from 2019 • Ticketmaster Continues Signing New Clients , Adding Over 5 Million Net New Fee - Bearing Tickets Year - To - Date Sponsorship Commitments for 2022 Up Double Digits from 2019 $ 750 Million Cost Reduction and $ 1.5 Billion Cash Management Program Targets in 2021 LOS ANGELES - May 6 , 2021 - Live Nation Entertainment , Inc. ( NYSE : LYV ) today released financial results for the quarter ended March 31 , 2021 . Strong Progress on Reopening When we reported our 2020 results in February , I was optimistic that we would soon be returning to live events , and since then , our confidence has increased for our key markets . In the U.S. , over 40 % the population has received at least one vaccine dose and most states are now fully or partially reopen with more restrictions being lifted daily . In the U.K. , over 50 % of the population has received at least one vaccine dose and their reopening roadmap is tracking to plan . Although Europe remains a few months behind on vaccinations , they are progressing and recent discussions about reopening to international visitors this summer are encouraging . Around the world , people are showing the need to get out and socialize once again which reinforces our expectation that a return to concerts will be the logical progression as vaccines are readily available to everyone who wants to get one . This is generally already the case in the U.S. where we are confidently planning our reopenings , particularly for outdoor shows , and we expect many of our other major markets will follow this summer . Robust Fan Demand Alongside these trends , we are also seeing the effects of significant pent - up demand as fans are buying tickets and events are selling out faster than ever before . In the U.S. , Bonnaroo , Electric Daisy and Rolling Loud festivals all sold out in record time at full capacity . In the U.K. , we have 11 festivals planned for this summer , including our largest ones - Reading , Leeds and Parklife - where tickets have already sold out , and in New Zealand , the country's largest festival , Rhythm and Vines , also quickly sold out .