Live Nation Will Dramatically Reduce Artist Payouts in 2021

Leading concert promoter Live Nation has revealed that it will dramatically lower artist payouts in 2021 due to the COVID-19 pandemic’s financial fallout. Because of the coronavirus’s effects, Live Nation “must adequately account for the shift in market demand, the exponential rise of certain costs, and the overall increase of uncertainty that materially affects our mission,” per the memo.

Source: Live Nation Will Dramatically Reduce Artist Payouts in 2021

Post a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Get the latest RightsTech news and analysis delivered directly in your inbox every week
We respect your privacy.