**公司概况与投资评级** 公司为大麦娱乐控股（Damai Entertainment Holdings 1060 HK） 花旗重申买入评级 目标价1.4港元 较当前股价1.08港元存在29.6%上行空间 市值322.66亿港元（41.5亿美元）[1][5][8] **核心业务动态** - **淘宝入口合作**：大麦在淘宝"尚购"标签页新增入口 用户可通过该入口购买电影票及线下演出票（如Livehouse、脱口秀） 但音乐会门票因需求旺盛仍需通过大麦APP购买[1][2] - **流量优势**：淘宝APP月活跃用户（MAU）达9.86亿（同比+7%） 淘宝快商业务月活跃消费者达3亿（2025年8月数据 较4月前增长200%） 大麦MAU为4500万（同比+17%）[2] - **竞争格局**：猫眼在电影票务市场占有率约60% 其超60%流量来自美团和微信渠道 大麦凭借淘宝"超级APP"流量支持 有望提升票务业务GMV[3] **潜在催化剂** - IP合作进展：可能的新IP合作机会[1][8] - IP衍生业务：首家Chiikawa官方商店将于2025年9月27日在上海开业 预计后续在中国多城市扩张开店计划[1][8] **估值方法** - 采用分部估值法（SOTP）： - 票务业务：假设40%净利率 以20倍2026年预期市盈率估值（高于猫眼但低于Live Nation）[13] - IP衍生业务：假设18%净利率 以26倍2026年预期市盈率估值（高于名创优品但低于泡泡玛特）[14] - 净现金：包含80亿元人民币净现金[15] **风险提示** 1 电影票务市场份额压力 2 电影内容表现不及预期 3 线下娱乐票务竞争加剧（对手可能降低费率抢占市场） 4 宏观环境疲软抑制娱乐消费 5 内容审查影响项目上线[16] **其他披露事项** - 花旗集团及关联方在过去12个月内向大麦娱乐提供非投行服务并收取报酬[20][21] - 分析师未在过去12个月内实地调研公司运营情况[24]

NEW YORK, NEW YORK - SEPTEMBER 17: A Stubhub banner hangs at the New York Stock Exchange as the company prepares to ring the opening bell on September 17, 2025 in New York City. Stubhub founder and CEO Eric Baker rang the opening bell as the company celebrates its Initial Public Offering (IPO). (Photo by Michael M. Santiago/Getty Images)Getty ImagesIf you’ve ever purchased a last-minute ticket for a sold-out concert or game, you’ve likely utilized StubHub (NYSE:STUB). The platform is now in the spotlight, f ...

Welcome back to NextGen Investing. It's time to discuss the latest trends we are seeing in the overall music industry, which has been fairly lucrative after a more mixed 20124. So joining us now for some more insight is David Schulhoff, the founder and CEO of the music global m music industry ETF.So David, thank you so much for being with us today. I mean, there's so many things to discuss here. Let's start off with some of the the overall concerns right now weighing on like Ticketmaster Live Nation with so ...

Shares of Intel have rocketed higher following news Nvidia plans to invest $5 billion in the company. (Photo by Justin Sullivan/Getty Images)Getty ImagesKey TakeawaysIntel Soars On $5 Billion Nvidia Investment Driving Market GainsGovernment Spending, Shutdown Risks Highlight Rising Policy Market InfluenceNasdaq, S&P, Dow, Russell Post Strong Quarterly Highs TogetherStocks closed higher on Thursday with all four major averages hitting new highs. The Nasdaq made its 27th new high of the year, closing 0.9% hig ...

Welcome back. Shares of Live Nation closing 2% lower today after the Federal Trade Commission sued Live Nation and Ticket Master for what it alleges are illegal ticket resale tactics. Joining us now for an exclusive interview is chairman of the Federal Trade Commission, Andrew Ferguson.Chair Ferguson, it's great to have you on. Welcome. Be here.Thanks for having me on. So, let's start right there with this lawsuit you filed in California today. Seven states joined in as well.Um, what is the basis for the su ...

LOGIN SUBSCRIBE | FastCo Works advertisement Subscribe to the Daily newsletter.Fast Company's trending stories delivered to you every day Privacy Policy | Fast Company Newsletters The FTC's complaint alleged Ticketmaster's practices violate the FTC Act's prohibition on deceptive acts or practices in the marketplace and the Better Online Ticket Sales Act (BOTS Act)—and is seeking civil penalties, plus any additional monetary relief the court finds appropriate. BY Jennifer Mattson Listen to this ArticleMore ...

The Federal Trade Commission with seven states has sued giant Live Nation and its Ticketmaster subsidiary for raising ticket prices by illegally working with scalpers and deceptive bait-and-switch pricing. Much-sued Live Nation controls roughly 80% or more of major concert venues’ primary ticketing for concerts and a growing share of ticket resales in the secondary market, the suit noted, saying that from 2019 to 2024 alone, consumers spent more than $82.6 billion purchasing tickets from Ticketmaster. As t ...

The FTC accused Live Nation and Ticketmaster of violating the FTC Act, which prohibits deceptive practices in the marketplace, and of violating the Better Online Ticket Sales Act, a 2016 law passed to halt the use of automated bots to purchase tickets and resell them at higher prices. ...

The U.S. Federal Trade Commission on Thursday sued Ticketmaster and Live Nation Entertainment over what it called "illegal" ticket resale tactics.The lawsuit was filed in federal court in California. Seven states joined in the lawsuit, including Florida, Illinois and Virginia.In the filing, the FTC wrote that the companies "tacitly worked" with scalpers, allowing them to "unlawfully purchase" tickets to increase their profits."[Ticketmaster and Live Nation's] illegal conduct frustrates artists' desire to ma ...

The U.S. Federal Trade Commission is suing Live Nation and its ticketing arm Ticketmaster for tacitly allowing ticket brokers to violate its policies and scoop up millions of concert tickets later sold to fans at a significant markup, the agency said on Thursday. ...