The company's strong competitive position in the live entertainment industry. Its leading market share in event ticketing, with multiyear contracts. Its lower EBITDA margins in the concert promotion business, despite having significant clout with artists. Its operations' sensitivity to global tours schedules, seasonal fluctuations, and discretionary consumer spending. The growing EBITDA contribution from high-margin sponsorship and advertising with traditional and digital and mobile opportunities. The company's aggressive debt leverage, coupled with our expectation that the company will maintain adjusted leverage in the 4.5x-5x area for the next two years. Its significant capital expenditure requirements. The stable rating outlook on Live Nation Entertainment Inc. reflects Standard&Poor's Ratings Services' view that the company will be able to maintain debt leverage
