Live Nation and AEG, North America's largest concert promoters, are halting all large-scale tours in the U.S. and abroad until April and asking artists to come home amid coronavirus fears
, and New York Governor Andrew Cuomo announced Thursday that gatherings of more than 500 people would be restricted in the state, just ahead of Billie Eilish’s concert at Madison Square Garden.
In a recent earnings call with investors, Live Nation’s president, Joe Berchtold, expressed confidence that COVID-19 would not disrupt the company’s business. “While we expect breakouts over next few months, one of our strengths is we are highly diversified geographically,” he said.
He said the most flexible thing to do from a company perspective would be to reroute tours. “More challenging is when the festival gets cancelled on a Saturday afternoon, he said. “Easiest economic challenge is to reroute and reschedule a show, no cost to us.” Some of Live Nation’s biggest events in March include concerts by Billie Eilish, Third Eye Blind, Against Me! and Nick Cannon.
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