Crown Castle International Corp vs Live Nation Entertainment, Inc. — how do they compare? Crown Castle International Corp trades at $79.21 (market cap $34.50B), while Live Nation Entertainment, Inc. trades at $180.84 (market cap $42.25B). The key difference: Live Nation Entertainment, Inc. is the larger of the two by market cap, and Crown Castle International Corp pays a 5.38% dividend while Live Nation Entertainment, Inc. pays none. Which is the better fit depends on your goals.
| CCI | LYV | |
|---|---|---|
Market Cap | $34.50B | $42.25B |
Sector | Real Estate | Industrials |
52-Week High | $113.91 | $186.59 |
52-Week Low | $74.92 | $125.61 |
Enterprise Value | $64.33B | $43.76B |
Dividend Yield | 5.38% | — |
Trailing returns across standard periods
Crown Castle International owns and leases roughly 40,000 cell towers in the United States. It also owns more than 85,000 route miles of fiber. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. The company's fiber is primarily leased by wireless service providers to set up small-cell network infrastructure and by enterprises for their internal connection needs. Crown Castle's towers and fiber are predominantly located in the largest U.S. cities. The company has a very concentrated customer base, with more than 70% of its revenue coming from the big three U.S. mobile carriers. Crown Castle operates as a real estate investment trust.
Read more on CCI →Live Nation is the largest live entertainment firm in the world with over 570 million fans served in 44 countries in 2018 by the company's concert and ticketing platforms. Via either owning, operating, or holding exclusive booking rights, Live Nation controls over 235 venues including the House of Blues, the Hollywood Palladium, and Spark Arena in New Zealand. Live Nation also owns one of the largest ticketing services, Ticketmaster, which sold over 480 million tickets for over 12,000 clients in 2018. The firm's artist management agencies have over 400 clients. This large live entertainment footprint helped Live Nation become one of the largest advertising and sponsorship platforms aimed at music fans. Liberty Media owns 33% of Live Nation, held under its SiriusXM tracking stock.
Read more on LYV →