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
Promoter Outlines How Concert Industry Can Rebound From Crisis
The live event industry has been halted momentarily – with venues and promoters searching for new ways to keep concerts alive amid the pandemic – though one European promoter believes that the industry will make a full return. Professor Peter Schwenkow, founder and CEO of Deutsche Entertainment AG (DEAG),... Read more
Promoters Outline Safety Changes For Future Live Concerts
While states begin to reopen across the country, music fans can look forward to concerts slowly popping-up once again. However, when shows do return, they won’t be the same. Concerts are usually a freeing experience, allowing music fans to dance and sing among one another, crowd surfing, moshing, and... Read more
Live Nation Acquisition of Mexican Promoter Halted
Late last summer, Live Nation acquired the Mexican promoter OCESA Entertainment, however, the purchase has been put on hold amid the coronavirus pandemic. The acquisition was first announced in July, followed by an approval from Mexican regulators in mid-April 2020. However, Live Nation President and CEO Michael Rapino announced... 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
Louder Than Life Festival Asks Fans To Defer Tickets To Save 2021 Event
Louisville’s Louder Than Life festival has been cancelled, and while organizers hope to throw an even better event in 2021, they’re asking fans to help them financially by deferring their tickets. Over the weekend, the rock festival – which was slated to be headlined by Metallica from September 18-20... Read more
Event Genius By Festicket Partner With Google To Host Free Webinar
Event Genius by Festicket announced a partnership with Google this week to host a free webinar for event promoters. The webinar, titled Consumer Behaviour Trends & Recommendations During COVID-19, will take place next Thursday, April 30, 2020 at 12 p.m. BST, 7 a.m. EST. Through the webinar, promoters can... 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
Airline Industry Warns Mass-Refunds Lead To Insolvency Crisis
Across the globe, the coronavirus pandemic has caused multiple industries to suffer consequences. Venues have closed its doors, restaurants and shopping malls have shut down, and airlines could collapse. While companies have been trying to curb refunds in an attempt to stay afloat, government intervention might be necessary. Earlier... 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