Shares of Live Nation continued nosediving on Thursday, with coronavirus complications causing a valuation loss of more than $8.3 billion. The plunge is part of a very bad week on Wall Street, based on continued fallout from the worldwide coronavirus p…
Category archives: Live Concert Industry
Live Nation Indefinitely Postponing All Concerts — Stock Plunge Continues
Live Nation is now canceling all upcoming concerts in response to coronavirus (COVID-19) fears, according to a report this morning. An increasing number of city and state government officials are banning large gatherings. According to a report by Bill…
State of California Recommends Cancellation of Events Larger Than 250 People
California Department of Public Health (CDPH) officials have recommended that events involving more than 250 people—that is, the vast majority of sporting outings, concerts, and music festivals—be postponed until the coronavirus (COVID-19) pandemic’s s…
Airbnb Refuses to Refund SXSW Reservations, Guests Start Fighting Back
Frustration mounts as SXSW ticketholders are denied refunds for Austin Airbnb stays. Airbnb previously expanded its “Extenuating Circumstances” refund policy to cover renters who had planned to stay in (or who live in) countries and areas that have bee…
More Coronavirus Cancellations – NAB Show Cancelled In Las Vegas
The National Association of Broadcasters will not hold its annual conference in April amid coronavirus concerns. The conference is held every April in Las Vegas and draws thousands of attendees across the globe. Organizers say they are now exploring se…
Live Nation Stock Goes Into a Nosedive — $1.8 Billion Lost In One Day
Shares of Live Nation (LYV) took a nosedive on Wednesday as global coronavirus fears cripple concert touring and attendance. Just ten days ago, Live Nation CEO Michael Rapino downplayed coronavirus concerns, while pointing to a temporary disruption. &#…
Today In Coronavirus Cancellations: A Rundown of Recently-Cancelled Music Industry Events
Here’s a roundup of the concerts, music festivals, and industry functions that have been put on ice due to coronavirus concerns during the last 24 or so hours. The ongoing coronavirus (COVID-19) epidemic has had a significant worldwide impact. H…
Coachella, Stagecoach Officially Postponed — Here’s the Official Statement + Details
Last night, sources pointed to a postponement of both Coachella and Stagecoach festivals. Now, both moves are official. The following announcement was emailed to Digital Music News shortly after 4 pm PT. Official Goldenvoice statement: At the directi…
Sorry, SXSW Will Not Be Offering Refunds
The SXSW 2020 saga has taken yet another unfortunate turn, as a recent letter to the mega festival’s badge holders made clear that they won’t be receiving refunds for their passes. Instead, those who paid to attend the 10-day-long Austin event will be …
Sorry Ultra Miami Attendees, No Refunds – Here’s What You Get
The Ultra Music Festival in Miami is canceled this year – but attendees aren’t getting refunds. Instead, organizers have shared an email with attendees to let them know their options. There are plenty of perks for the next Ultra Miami, but no cas…