With no physical live music on the horizon due to the COVID-19 pandemic, Live Nation Canada and Budweiser are bringing live music to fans with the weekly virtual concert series, Budweiser Stage At Home.
07.05.2020 - 01:13 / billboard.com
Tomorrow's report should provide important insight into the touring industry amid the coronavirus pandemic.Few earnings releases are as anticipated as Live Nation’s first quarter report coming Thursday -- that should provide a valuable snapshot of the live music business during an unprecedented economic slowdown.
With no physical live music on the horizon due to the COVID-19 pandemic, Live Nation Canada and Budweiser are bringing live music to fans with the weekly virtual concert series, Budweiser Stage At Home.
In this special episode of Life's Little Mysteries, we focus on a serious topic that everybody is talking about: SARS-CoV-2, and the disease it causes, COVID-19.
It will be the first to welcome audiences to live events since the onset of the pandemic
Approximately 20 percent of Live Nation Entertainment employees have been furloughed as part of the company's cost-cutting measures amid the spread of the novel coronavirus, company sources toldThe Hollywood Reporter on Friday. Those furloughs began in late April and affected hundreds of Ticketmaster employees.
2,100 employees forced into involuntary leave
Eventbrite is carrying about $293 million in exposure from advance payouts to the creators on the system, official with the San Francisco-based ticketing company disclosed Monday (May 11) in its Q1 earnings report, sharing new details on plans to refund ticket holders and detailing the impact of the live music shut down on their bottom line.
With a pandemic hanging over the touring industry, Live Nation's first quarter earnings released Thursday revealed the damage caused since concerts were widely suspended in mid-March: Compared to Q1 2019, concert revenue dropped 24.6% and ticketing revenue fell 15.8%.This year, Live Nation will host virtual concerts, is testing drive-in concerts -- these started popping up in parking lots as early as mid-June -- and will later give superstar artists multiple theater dates rather than a single
Due to the global freeze on live music
By Jill Goldsmith
The sudden cancellation of concerts and events in the last few weeks of March meant a 21% decline in revenues for Live Nation and a $172 million loss for the quarter, nearly seven times what the company posted for the same period last year.
There's a chance that viewing iHeartMedia's first quarter earnings for 2020, due out this afternoon (May 7), will be like driving past an auto accident: a twisted, ugly mess from which you can't look away.
Like lots of us across the county I observed the minute’s silence that was held for the key workers who have died from coronavirus. It’s very poignant when you work for the NHS to think about people who have lost their lives.