The industry has never come together this well, agents, artists, buildings, promoters, managers, we’re all in the same boat, and we’re all saying, ‘How do we move availabilities?’ The only challenge we’ve had with availabilities, and part of the reason we had to [delay] the refund policy, is the sports leagues — we need to understand what’s going to happen in arenas in the fall.”Immediately following that question, Rapino was asked how much the company has renegotiated contract terms with artists on guarantees for these rescheduled shows (“It’s been a unique time but we’re all in this together,” he replied, “and I would say artists, agents and managers have been incredibly supportive.“The reality is,” he continued, “in ‘20 and ’21, the promoter can’t take all the risk on the business, as we historically have. Through the first half of 2020, Live Nation had revenue of $1.44 billion, down 71% year-over-year. Today, Live Nation Canada and Budweiser announced Budweiser Stage at Home, a weekly one-hour concert experience this summer for fans to enjoy in the comfort of their own home.The iconic waterfront music venue will be … Free Theme Park access is valid only on the same day as the concert ticket date listed, and is only valid on purchased tickets.
Processing fees apply to online orders. “We have $870 million in available cash, $900 million untapped, so that’s $1.7 billion in untapped liquidity to start with.
Featuring The Black Crowes, The Trews, Blue Rodeo, Alan Doyle and more. ... Concerts Music March 31, 2020 Olivia Perreault.
In its second quarter of 2020, Live Nation reported steep losses in concerts, sponsorships, and ticketing — with ticketing revenue even going negative Live music remains at a standstill. “And in the fourth quarter we’ll have ticket sales in some large scale for next year — we’re already seeing the NFL schedule announced today and most teams are going on sale with their tickets, so that will help drive some of our ticketing and sponsorship businesses. And then our goal is really to be on sale in the third and fourth quarters for 2021 at full scale.” Now we’re just going to [watch] the science and see when we can back out there on a safe manner.Asked how long the company can continue to operate with an extended shutdown, Rapino directed the question to president Joe Berchtold. © Copyright 2020 Variety Media, LLC, a subsidiary of Penske Business Media, LLC.
Over the summer there will be testing happening, whether it’s fan-less concerts, which offer great broadcast opportunities and are really important for our sponsorship business; drive-in concerts, which we’re going to test and roll out and we’re having some success with; or reduced-capacity festival concerts, which could be outdoors in a theater on a large stadium floor, where there’s enough room to be safe.“We think in the Fall, if there are no second hotspots, you’ll see markets around the world [reopening] — Europe, specifically, has talked about opening up 5,000-plus [gatherings] in September.
Amid the global pandemic, Live Nation rounded-up all livestreams so fans can still watch their favorite artists perform online or archived concerts. Thank you for understanding.
Visit *Each ticket purchased for a concert at the Amphitheater will include complimentary same day admission into Darien Lake Theme Park, when the concert occurs during Theme Park operating schedule. concerts 575 Live Nation 648 live stream 12 live streaming 15 Music 414 online concert 2. A post shared by Live Nation Concerts (@livenation) on Jun 26, 2020 at 7:00am PDT Considering COVID-19 is still a top concern, Live Nation is hosting this series with all of the CDC’s top recommendations (as well as local jurisdictions’ safety protocols) in mind. We need to share some of that, especially refunds on the guarantees.
Offer is not valid in conjunction with any other Darien Lake Theme Park offer or Accommodations stay, and is non-transferrable. And while Live Nation alone has seen some 9,000 of its concerts impacted by the coronavirus pandemic, the company’s main theme of the day has been the fact that some 90% of fans are holding onto their tickets rather than seeking a refund. Live Nation is pausing all 2020 arena tours temporarily due to the growing concerns over the novel coronavirus. The executives have not mention that the number was doubtless affected by the Asked for his longview on business in general, Rapino said, “In a survey we just posted, we talked to 10,000 casual and ongoing ticketbuyers and the data is pretty compelling: 90% of fans are saying ‘I can’t wait to get back to the show,’ and I think our refund rate says everything — we’re running somewhere between a 5-10 refund rate right now on a global basis, that’s much lower in Europe [which is farther ahead in the recovery process], and that’s not out of line for when we reschedule a traditional tour [under normal circumstances]. Getting through this year without any additional liquidity is not a concern.”Asked how the company has dealt with the shifting nature of rescheduling concerts, Rapino replied, “We have a lot of shows, and looking at this as a glass half-full, thankfully our shows are not time-dependent: Fans wanted to see Billie Eilish in March, but they’ll wait till October or until February, because the average customer goes to two-and-a-half shows a year.
So we can go through this year without doing any shows at scale without any concern, even though we’re not likely to have a huge volume of shows,” he said.