Why Isn’t SXSW Canceled Yet? It May Come Down to Insurance and the City

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Why Isn’t SXSW Canceled Yet? It May Be Down to Insurance and the City

, which begins in a mere week, pull the plug sooner rather than on the eve of thousands of badgeholders getting on a flight?

But he understands the hesitance to cancel — because even if most major promoters probably spent extra to have communicable disease provisions in their cancellation insurance, it wouldn’t likely kick in if they made a unilateral decision to cancel without the city forcing their hand to do so.

James Sammataro, one of the top entertainment attorneys in the music biz and a partner at Pryor Cashman LLP, is located in Miami and has watched the developments with the Ultra Festival as a matter of local interest, even as he, too, wonders whether that cancellation was a tipping point. In the case of Ultra, he says the international pull that the festival once bragged about was the very key to the decision to cancel. “It looks like it was more of a city decision,” Sammataro says. “There’s a relationship between the city of Miami and Ultra in terms of the lease and the property they’re on.

But recovering a guarantee is unlikely for most artists if a festival is canceled, especially with the buck being passed to a decison by local government. Says insurance exec Siegel” “When a touring band would take out a policy for cancellation coverage, the communicable diseases exclusion is automatically included in that. They would have to purchase the coverage as a buy-back from the carrier at the time that they purchased the policy.

 

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brooksbarnesNYT You didn’t see that scene in Jaws, did ya?

It's fine. Jesus! You males get worked up over anything.

because we havent lived a pandemic in a very long time and denying science is cool...the consequences can be catastrophic!

Maybe because fear mongering is gross

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