Entertainment Giant AEG Reveals Layoffs Amid Pandemic
The world’s second-largest live entertainment giant, AEG Presents, has officially announced pay cuts across the company. According to a memo from CEO Jay Mariano, which was obtained by Variety, the company will implement a combination of layoffs, furloughs, and paycuts. The extent of the layoffs were unclear, though Marciano... Read more
Live Nation, Music Industry Take Part In Blackout Tuesday Movement
Amid the civil unrest in the country following the death of George Floyd, some of the world’s major music companies are joining together for a movement dubbed #theshowmustbepaused to offer solidarity with the black community. Floyd, an unarmed black man, died last week after a white police officer held... Read more
Venues, Promoters Join Forces During Pandemic To Battle Industry Giants
Independently-owned venues and concert promoter are feeling the burn amid the sudden halt in the live event industry. In order to combat large entertainment giants during this trying time, these rival companies have joined forces. The National Independent Venue Association, or NIVA, aims to “preserve the ecosystem of live... Read more
AEG, Live Nation Sign Request For Federal Aid For Live Events
Amid the coronavirus pandemic, the live event industry has been halted. Some of the top managers and producers have now come together to request federal aid as live entertainment’s revenue plummets. A memo, which was obtained by Billboard, asks Congress to expand the Paycheck Protection Act to entertainment with... Read more
AEG To Allow Ticket Refunds Within 30-Day Window
Concert promoter AEG Presents revealed a refund window for fans to receive funds from rescheduled events due to coronavirus. According to Billboard, a representative from AEG said that ticketholders will have 30 days following an event’s postponement to receive a refund from the promoter. This window will be implemented... Read more
AEG Presents Alters Colorado Events Scheduled Through July
One of the nation’s largest concert promoters, AEG Presents, announced cancellations for concerts throughout May, June, and July in Colorado. Due to the state’s mandate prohibiting mass gatherings, AEG Presents moved or cancelled various shows at venues like the 1st Bank Center, the Bluebird, the Ogden and the Gothic... Read more
Denver City Council Questions AEG, Live Nation Contracts in Light of Virus
Although Denver’s iconic concert venue Red Rocks Amphitheater is currently a ghost town amid the coronavirus pandemic, the Denver City Council voted on two taxpayer-funded contracts with AEG and Live Nation. According to DenverRite, the agreements with the world’s two largest concert promoters totaled $10.5 million and are good... Read more
AEG Senior VP Leaves Company After 17 Years
Mark Shulman, Senior Vice President at AEG’s The Bowery Presents, has announced his departure from the company. Shulman had served 17 years with AEG, 14 of which came in developing the New York and Philadelphia music scenes as a promoter. He spent the last three years with The Bowery... Read more
Live Nation, AEG Among Promoters To Release Statement Amid Virus
Some of the world’s largest live entertainment promoters have come together to release a joint statement regarding the ongoing coronavirus (COVID-19) pandemic. A global task force has come together to drive strategic support and find a common direction that will best interest artists and fans. The last force includes:... Read more
House Committee Sets Ticketing Industry Hearing for February 26
The schedule has been set for the House Committee on Energy and Commerce’s hearing on the ticketing ecosystem, which will take place on Wednesday, February 26 in Washington D.C. Titled “In the Dark: Lack of Transparency in the Live Event Ticketing Industry,” the hearing will kick off at 10... Read more