Live Nation to slash costs by up to $500m this year 

Live Nation has announced a series of financial moves designed to protect its business against the COVID-19 closedown. These include the raising of a new $120m credit facility, as well as what the firm calls a “cost reduction program” – with a target of slashing the company’s annual costs by a whopping $500m during FY 2020.

Source: Live Nation to slash costs by up to $500m this year as boss Michael Rapino sacrifices $3m annual salary

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