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Live Nation to decrease payments, shift burden to music artists in 2021 due to coronavirus

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globalnews.ca

COVID-19 pandemic began making a heavy impact on the global entertainment industry, and with no real end in sight, companies are struggling more and more every day to stay afloat with a lack of business brought upon by social distancing regulations and the risk of spreading the life-threatening virus.With most of this year’s live events ⁠— most notably music concerts ⁠— either cancelled or postponed until sometime next year, North America’s biggest live entertainment company, Live Nation, seems to have been struggling with the repercussions of the novel coronavirus perhaps the most out of any major corportation.Seemingly in response to the economic crisis, Live Nation announced some significant financial adjustments to its contracts with.

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