Liberty Media's John Malone still believes in the future of live events despite coronavirus [CNBC]
Live Nation Entertainment, Inc. (LYV)
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Source: CNBC
, Liberty Scott Eells | Bloomberg | Getty ImagesThe pandemic has pushed events online by necessity. But"I think the thesis of live events is still a good one," Malonesaid duringMalone isan icon in the media and cable industriesAT&TLive NationMalone said he believes there will be a therapy and or a vaccine for Covid-19 "sooner rather than later that will get us back closer to normal.""There's undoubtedly going to be a hangover in terms of valuations and like everything else if this depression in valuation is excessive, it presents opportunity for those of us who believe in the longer-term thesis that this is a good place to be, live events," he said. "Particularly where you have a substantial part of the revenue that has little to do with the gate attendance and a lot to do with television and digital distribution."Greg Maffei, who serves as Liberty 's president and CEO as well as the chairman of Live Nation Entertainment, Sirius XM and TripAdvisor, said the company has seen evidence t
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