Live Nation announces bold post-Covid plans for 2021
It doesn't take a genius to work out that 2020 has been a bit of a rough-ride for the live events industry, as it has for the world as a whole. But on the back of news that functioning vaccines are now just around the corner, the industry is also full of hope. Leading the charge is Live Nation, who
Live Nation suffers 95% revenue loss in third quarter of 2020
As expected, the COVID-19 pandemic took its toll on the entertainment industry with cancelled or postponed shows, widespread job reductions, severe revenue losses, leaving music fans and employees in emotional distress. One of the most seriously affected is global entertainment giant, Live Nation, that recently unveiled the company's 95% revenue loss, almost $320 million, only in the third quarter of 2020. The company
Live Nation’s CEO shares optimism ahead of 2021 festival season
The COVID-19 pandemic has been wreaking havoc across every industry, but perhaps one of the most affected has been the events circuit. With cancellation upon cancellation flooding in across the year, many events have faced the struggle of a completely empty season. However, there has been a great deal of optimism shown regarding 2021, with the events calendar quickly filling
Live Nation forced to cancel drive-in events due to Coronavirus
Coronavirus pandemic has definitely changed the whole world and our perception of it. We were all forced to adapt to the new normal and the event industry is no exception at it. Taking a really bad punch, with all of the events and festivals being cancelled in the past couple of months, promoters and organisers were trying to find new
Carnage announces North America’s first drive-in music festival ‘Road Rave’
As festival organizers across the globe continue to innovate amidst the COVID019 pandemic, Guatemalan-American producer Carnage has taken festival announcements into his own hands. By becoming recognized not only for his festival trap signature, but his world-wide festivals such as his RARE Fest in locations such as New York and even Bangkok. Carnage also continues to make trap and bass history through
Live Nation reveals next steps to overcome COVID-19 Crisis
Live Nation, the largest events promoter company in the world, is analysing alternative scenarios in facing the impossibility of organizing concerts in traditional models the audience is used to due to the COVID-19 pandemic. As a result of this in the first four months of 2020, the company experienced a 21% revenue drop. The shares of Live Nation, which owns Ticketmaster,
Live Nation unveils future plans for the rest of the year
Live Nation has unveiled its future plans for the rest of the year after presenting the economic and financial results of the company for the first quarter of the year (Q1). Having got clearly and evident negative results with over a 20% decrease of net revenue, the festival promoter firm will focus all their efforts on be as prepared as possible
Saudi Arabia has invested $500 million in Live Nation
Saudi Arabia has bought $500 million worth of stake in Live Nation. With the current pandemic hitting the entertainment industry hard and many companies forcing to close, or suspend their main money-maker such as concerts or festivals, Live Nation may have just been saved thanks to the Saudi Arabian government. The Saudi Arabian Investment Fund completed the transaction on Monday, acquiring
Live Nation forced to postpone all tours due to COVID-19
The music industry has been severely affected by the Coronavirus outbreak across the world. Major festivals and live acts have been canceled or postponed over the past few days. Turns out that record labels and production companies have also taken a blow amidst this world catastrophe. It was earlier reported that Live Nation has suffered huge losses. due to the
Live Nation loses a whopping $1.8 billion in stock value due to coronavirus cancellation fears
With coronavirus causing for cancellations or postponements of what is essentially nearly every major music festival right now, this means that a lot of money is to be lost, and event organisers, artists and businesses that rely on large scale events are feeling the worse of the aftermath regarding income and business related means. It's heartbreaking that the effects are
Bonnaroo Music & Arts Festival set to be acquired by Live Nation
After getting hands-on a major stake in AC Entertainment way back in 2016, Live Nation has now completely acquired the music promotion company. Headquartered at Knoxville and Tennesse, AC Entertainment was the promoter of the Bonnaroo Music & Arts Festival. But now, this new deal is set to implement significant changes in the promotion of the event. As a part of
Tinder & Live Nation announce ‘epic first date’ promotion
It appears that Tinder and Live Nation have swiped right for each other! The dating app and events promoter & venue operator company have teamed up to implement a new initiative called "epic first date". The promotion offers Tinder users $30 tickets to a number of different tours in select U.S. cities, providing a more entertaining & less awkward date idea, as opposed
Rumours circulate over possible Swedish House Mafia cancellations
Ultra Music Festival just had another round of their successful event Ultra Korea, but one huge name that was missing from the line-up as it was set to kick off was none other than Swedish House Mafia. The statement on their official Facebook page read: "Due to unforeseen circumstances, SHM are unable to appear at Ultra Korea. They apologize to the
The Chainsmokers announce huge ‘World War Joy’ tour
Grammy Award-winning artist/producer duo The Chainsmokers have announced their massive North American headline arena tour, titled 'World War Joy' where the pair will be accompanied by support acts Lennon Stella, and 5 seconds of Summer. The 41-city tour will kick off on 25th September in Cincinnati, OH and make stops in major cities across the U.S. and Canada before wrapping in Vancouver, BC
Live Nation expands festival passport for 2018
Today Live Nation announces the return of its one of a kind Festival Passport, and also reveals major expansions for the 2018 program. After selling out in its inaugural year, Live Nation is expanding the epic experience by more than doubling the number of Festival Passports available for 2018 to 2,500 passes, granting purchasers GA access to the 100+ participating