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ENTERTAINMENT PULSE

Friday, February 20, 2026

Market Intelligence for Entertainment Professionals

🎯 Today's Entertainment PulseUpdated 1h ago

What's happening: Live Nation posts record $25 billion revenue in 2025

Live Nation Entertainment reported $25 billion in revenue for 2025, a 9% rise from the prior year. Quarterly earnings hit $6.3 billion, beating analysts' $6.1 billion estimate, while concert sales reached $20.9 billion and sponsorship revenue grew 11% to $1.33 billion.

Also developing:

•Spotify teams with SeatGeek to sell concert tickets directly from its app
•James Cameron urges Congress to block Netflix’s bid for Warner Bros. Discovery
•Judge allows DOJ antitrust case against Live Nation to proceed on monopoly claims

By the numbers: The Pokémon Company International acquires Excell Brands

⭐ Big Story of the Day

Spotify, SeatGeek, and the Expanding Extraction MachineWhen Platform Leverage Meets Ticketing Power

Spotify, SeatGeek, and the Expanding Extraction MachineWhen Platform Leverage Meets Ticketing Power

Spotify announced a new partnership with ticketing platform SeatGeek, extending its concert‑discovery tools into the live‑ticket market. The move follows Spotify’s claim of helping artists generate over $1 billion in ticket sales and its $11 billion payout to the music industry in 2025. By routing fans from streaming to ticket purchases, Spotify creates a vertically integrated funnel that could raise antitrust concerns around leveraging, tying and vertical foreclosure. The integration also deepens artists’ reliance on the platform while obscuring revenue and data flows.

Source: Music • Technology • Policy

💬 Top Entertainment Social Posts

Tweet by @xpangler

Tweet by @Xpangler

Inside Warner Bros. Discovery, Mood Among Many Staffers Shifts in Favor of Netflix Sale vs. Paramount Takeover https://t.co/cEaoy72PQb via @variety

by Todd Spangler•

Thread by @runciedan

Thread by @Runciedan

The winners in paid streaming haven't been the deep pocketed companies. In music, it's been Spotify. In video, it's Netflix. That's not a coincidence. The difference wasn't talent or resources, the big tech companies have plenty. Instead, it was the pure-play focus, faster decision making, and the retention-driven scoreboard that were hard to copy. I explained why in our latest episode of Trapital: https://open.spotify.com/episode/16HuX3VSHUsu2AWOSjIT75?si=bf174026b7d24470

by Dan Runcie•

📈 Entertainment Stock Movers

🟢 Top Weekly Gainers

Take-Two Interactive (TTWO)+4.93%

$201.37 | N/A Market Cap

The Walt Disney Company (DIS)+4.54%

$106.00 | N/A Market Cap

Warner Music Group (WMG)+1.28%

$29.21 | N/A Market Cap

🔴 Top Weekly Losers

Roku (ROKU)-7.19%

$89.61 | N/A Market Cap

Comcast (CMCSA)-1.01%

$31.38 | N/A Market Cap

$199.88 | N/A Market Cap