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
Tennessee Rolls Out New Guidelines For Concerts, Venues
Tennessee has announced new guidelines for concerts amid the coronavirus pandemic, allowing events with certain safety protocols in place. On the state’s website, it listed guidance for community events throughout the summer, including fairs, zoos, and fireworks displays, as well as larger attractions like sporting events and concerts. “These... 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
Eventbrite Shares 2020 Earnings Report To Shareholders
In a letter to shareholders this week, ticketing site Eventbrite shared their 2020 First Quarter earnings amid the coronavirus pandemic. Within days of learning of the virus, Eventbrite said they mobilized to strengthen Eventbrite and support its creators by migrating live events, flexed on their refund policy and partnered... Read more
Dave Grohl Pens Essay Citing The Importance of Concerts
While the Foo Fighters frontman may not be singing to fans on stage right now, Dave Grohl took his writing skills to a different avenue — by penning an essay regarding the importance of the concert industry to The Atlantic.  The piece, titled “The Day the Live Concert Returns,”... Read more
Live Nation To Focus On Drive-In Concerts, Reduced Capacity Shows
As the music industry is halted and fans are craving live entertainment, concert promoters are thinking of new ways to hold concerts — from a safe distance. On Thursday, entertainment giant Live Nation held an investor earnings call, discussing revenue from the first quarter of 2020. Live Nation reported... 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
Musicians, Venues Share Challenges Of Resuming Concerts
Artists, promoters, and venues have already postponed shows to the fall, however, industry insiders don’t believe gigs will really return until at least 2021. Joe Spalding, the president and CEO of Boston’s Boch Center – which oversees the Wang Theatre and Shubert Theatre – told WBUR that he believes... Read more
Wakeman: Is The Business of Sports, Entertainment and Tickets Asking The Right Questions?
By: Dave Wakeman The Bundesliga looks like they will be the first professional football league in Europe to return in the next few days. In Australia, the NRL and AFL are all moving towards resuming their schedules without fans. And, in the States, a tweet lit up Twitter with... Read more
Missouri Governor Approves Return Of Concerts, Live Events
The music industry is essentially halted, however, Missouri Governor Mike Parson decided to allow live music events to return to the state. Although the mayors of cities across Missouri are refusing to lift stay-at-home orders, including St. Louis, Kansas City, and Springfield, Parson is laying out a plan to... Read more