Hedge fund billionaire Daniel Loeb increased his exposure in the entertainment industry at Third Point LLC in the fourth quarter of FY25.

The investor opened a new position in Spotify Technology (NYSE:SPOT), acquiring 100,000 shares in the quarter.

Also, the fund boosted its position in Live Nation Entertainment, Inc. (NYSE:LYV) to 1.73 million shares from 1.35 million shares in the third quarter of 2025.

Live Nation: Recent Key Events

A report suggested that the company reached a settlement with the DOJ in its antitrust case brought by the federal government. A senior Justice Department official stated that Ticketmaster will be barred from using pricing, technology, or other methods to limit venue access.

As per the agreement, amphitheater exclusivity with Live Nation will be capped at 50%, while Ticketmaster will provide a standalone ticketing system. Live Nation will also allow third parties, such as SeatGeek and StubHub, to use its technology. Service fees at company-controlled amphitheaters will be capped at 15%, and approximately 13 amphitheaters will be divested.

Live Nation reported fourth-quarter revenue of $6.31 billion, beating analyst estimates of $6.11 billion and a loss of 96 cents per share, beating estimates for a loss ...