Live Nation is concentrating capital spending on venue investments. Of a projected $1.1 billion in full-year capital expenditures, $800 million is earmarked for venue expansion and enhancement projects. The newly opened Morton and Mystic Lake amphitheaters illustrate the strategy: enhanced premium hospitality offerings at these venues are driving premium revenue nearly 75% higher than comparable amphitheaters, the company says. Joint-venture partners, sponsorship agreements, and other sources are expected to offset approximately $200 million of venue cash requirements.

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