Live Nation CEO Michael Rapino Downplays Coronavirus Concerns: 'The Fan Will Show Up'

Few imaginable things could impact the live-entertainment business as much as a global pandemic, and not surprisingly, Live Nation, the world’s largest concert promoter, has taken a beating on the stock market over the past two weeks. On a particularly rough Wednesday, its share price dropped 33% at one point in the afternoon — down more than 61% from its year-over-year high last month — before recovering after President Trump’s aid package to U.S.

Endeavor, Live Nation Entertainment and Sinclair Broadcast Group are among the prominent industry firms facing new financial pressure because of their high debt loads and vulnerability from the widespread shutdown of sports leagues, concerts and other live events.

By Mike Fleming Jr, Jill Goldsmith

Another day, another decimation on Wall Street. Live Nation shares fell as much as 33% by midday Wednesday (March 18) as municipalities around the

Groove metal actLamb of God has released a video for its latest single, “Momento Mori,” from its upcoming self-titled album, due May 8 on Epic Records. In a statement, member Randy Blythe said that he wrote the song months before the coronavirus outbreak as a reminder “to not

Joaquin Phoenix and his fiancee Rooney Mara aren’t taking any chances when it comes to their health amid the coronavirus pandemic.

Rita Ora steps out in a chic cream look for music promo at the Global Studios in London earlier in the week.

By Denise Petski

Live Nation chief executive Michael Rapino has purchased $1 million worth of stock in the company he has built since 2005, according to a recent filing with the Securities and Exchange Commission on Thursday (March 12).The stock purchase comes on a brutal day for the stock market, with the Dow Jones Industrial Average dropping nearly 10% or about 2,352 points -- the biggest one-day drop in 33 years.

Live Nation chief executive Michael Rapino has purchased $1 million worth of stock in the company he has built since 2005, according to a recent filing with the Securities and Exchange Commission. The stock purchase comes on a brutal day for the stock market, w

Amid the coronavirus (COVID-19) outbreak, Live Nation Entertainment is planning to cut short all of its tours through at least the end of March, according to a statement from the company. AEG Presents is also suspending its tours, according to The New York Times.

Due to concerns over the spread of the coronavirus, Live Nation is telling its touring shows — both domestic and international — to return home, according to Billboard.

As concern over the spread of coronavirus spread rapidly this week, the world’s two largest live-entertainment companies, AEG and Live Nation, and several major agencies have announced that they are suspending tours for the rest of March.

The Dow Jones Industrial Average dropped over 1,600 points on Wednesday afternoon, nearly 20% below its record high set in February. Stocks for entertainment conglomerate Live Nation were caught up in that drop, slipping 15.6% and erasing $1.7 in market cap valuation for the company, as Music Business Worldwide points out.

The Overwatch League has canceledall events scheduled for March and April amid concerns over the coronavirus pandemic. "The health and safety of employees, fans, players, teams, and partners is paramount to Activision Blizzard Esports," the league announced on Wednesday.

The Feminist Institute and Planned Parenthood of Greater New York have postponed the benefit concert that was set to feature a reunion of Hole’s Courtney Love and Melissa Auf der Maur. The concert, called Bans Off My Body, was set to take place this Saturday, March 14. A new date for the show has not yet been announced.