Live Nation Entertainment CEO Michael Rapino is as excited as anyone to hear the NFL schedule tonight – so he knows what stadiums will be available to book and when as artists start touring again later this year.
Rapino, speaking on a conference call to discuss quarterly results, anticipates experimenting over the summer in smaller venues in more open states and countries, edging back towards something resembling the concert industry as we know it by 2021.Some 65,000 Ticketmaster shows and 9,000 Live Nation shows have been impacted by the spread of COVID-19. The good news is that only 5% to 10% of ticket holders have chosen refunds, most opting to wait for their postponed shows.
“Like most of the world, we have been working remotely since mid-March and we will return to work only after there is clear consensus that it is safe to do so,” he said.
Aint nobody going to a stadium in 2020, and probably much of 2021. These guys are living on hope.
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Source: Newsweek - 🏆 468. / 52 Read more »