coronavirus lockdown, the end has finally come for this year’s Coachella Valley Music and Arts Festival, Billboard reports.This week, the parent company for Goldenvoice, AEG, laid off 15 percent of its staffers, furloughed more than 100 people and issued pay cuts, according to an internal memo acquired by Billboard.
The memo also said it’s “clear” live events such as Coachella will not resume until 2021.“When we are able to reopen, it will take time until we see our fans, partners and sponsors fully return,” said AEG CEO Dan Beckerman in the memo.Goldenvoice has not returned The Post’s request for comment.As of now, Coachella 2021 may return in a smaller form in April 2021, or back to its full capacity in October 2021, the memo read.The.