Billy Joel to End His Record-Breaking Concert Series at Madison Square Garden in 2024 

Billy Joel speaks at a news conference at Madison Square Garden on Thursday, June 1, 2023, in New York, to announce his MSG residency will end after July 2024. (AP)
Billy Joel speaks at a news conference at Madison Square Garden on Thursday, June 1, 2023, in New York, to announce his MSG residency will end after July 2024. (AP)
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Billy Joel to End His Record-Breaking Concert Series at Madison Square Garden in 2024 

Billy Joel speaks at a news conference at Madison Square Garden on Thursday, June 1, 2023, in New York, to announce his MSG residency will end after July 2024. (AP)
Billy Joel speaks at a news conference at Madison Square Garden on Thursday, June 1, 2023, in New York, to announce his MSG residency will end after July 2024. (AP)

Billy Joel is finally moving out of his monthly perch at Madison Square Garden. The singer-songwriter says he will conclude his residency in July 2024 with his 150th lifetime performance at the venue.

“It’s hard to believe we’ve been able to do this for 10 years,” Joel said at a news conference Thursday. “I’m now 74. I’ll be 75 next year. It seems like a nice number.”

The record-breaking residency began in January 2014 with Joel playing one show every month at the Garden for, as he said at the time, “as long as the demand continues.”

In January 2015, Joel broke his own record of the “most consecutive performances by any artist” with the 13th show of the residency and a new banner was raised to the Garden’s rafters.

In July 2015, with his 65th lifetime show, Joel broke another record for the “most lifetime performances by any artist,” for which another banner was raised. Both of Joel’s banners continue to hang at the Garden.

“There’s only one thing that’s more New York than Billy Joel — and that’s a Billy Joel concert at MSG,” said New York City Mayor Eric Adams. “For more than 50 years, Billy’s music has defined our city and brought us together. On behalf of 8.5 million New Yorkers, congratulations, Billy, on a historic run of sold-out shows at MSG, and thank you for a lifetime of bringing joy to us all.”

Joel has had 33 Top 40 hits, including three No. 1s — “It’s Still Rock and Roll To Me,” “We Didn’t Start the Fire” and “Tell Her About It” — and four No. 1 albums — “52nd Street,” “Glass Houses,” “Storm Front” and “River of Dreams.”

He won six Grammys — as well as a Grammy Legend Award in 1990 — as well as being inducted in the Rock & Roll Hall of Fame in 1999 and the Songwriters Hall of Fame in 1992.



Netflix Shares Rise as Rosy Outlook Calms Investors’ Nerves amid Tariff Fears

In this Nov. 4, 2017, file photo, the logo of entertainment company Netflix is pictured in Paris. (AP)
In this Nov. 4, 2017, file photo, the logo of entertainment company Netflix is pictured in Paris. (AP)
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Netflix Shares Rise as Rosy Outlook Calms Investors’ Nerves amid Tariff Fears

In this Nov. 4, 2017, file photo, the logo of entertainment company Netflix is pictured in Paris. (AP)
In this Nov. 4, 2017, file photo, the logo of entertainment company Netflix is pictured in Paris. (AP)

Netflix shares rose about 3% in premarket trading on Monday as the streaming giant's upbeat annual revenue outlook reassured investors that it could withstand any economic downturn amid a tariff laden economic climate.

The company's co-CEO Greg Peters noted that the entertainment sector, and Netflix specifically, had proven resilient during previous downturns.

Peters said they had not seen any significant shifts in customer behavior, after the company reported first-quarter earnings above analysts' expectations on Thursday.

Netflix also reaffirmed its 2025 revenue forecast of between $43.5 billion and $44.5 billion.

These remarks offered some respite to investors who were worried that President Donald Trump's tariff policies could likely lead to a recession, forcing consumers to rein in spending on streaming services.

"Even in a global recession scenario, Netflix is likely to be highly resilient given the price-to-value of the service remains very attractive," said Jeffrey Wlodarczak, an analyst at Pivotal Research Group, who is five-star rated for both estimate accuracy and recommendation performance, as per LSEG data.

"Their advertising business should demonstrate strong growth in any scenario given its nascent state," Wlodarczak said.

The lower-priced, ad-supported tier accounted for 55% of new sign-ups in countries where it is available, Netflix said.

"While advertising is a small portion of the business today, the longer-term prospects are notably robust...while investments in ad-tech capabilities should drive healthy growth for years to come," BofA Global Research analysts said.

Earlier this month, the Wall Street Journal reported that Netflix aims to double revenue from $39 billion in 2024 and earn about $9 billion in global ad sales by 2030.

The company has upped the ante on delivering steady revenue growth as it ceased reporting subscriber data from this year, leaving Wall Street with fewer metrics to gauge its health.

Peers Walt Disney and Warner Bros Discovery shares were down under 1% each in premarket trading.

At least seven brokerages raised price target for Netflix following its results, bringing the median target to $1,147.50, according to data compiled by LSEG.