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In a memo obtained by Rolling Stone, Live Nation cites "unprecedented times" and "the exponential rise of certain costs" as reasons for adjusting payment policies
"Our goal right now is to provide entertainment," says venue owner for one drive-in concert. "This is one of those situations where 100 pennies makes a dollar. We’re just gathering as many pennies as we can"
Concert and ticketing giant Live Nation Entertainment saw a 25% drop in concert revenue and 16% drop in ticketing revenue in Q1 2020
Country's sovereign wealth fund now third-largest stakeholder in music industry giant
"Fans, we hear you. We don’t want you to be waiting in limbo while shows are being rescheduled," CEO Michael Rapino tweets
How to get your money back from America's biggest live-entertainment companies, as COVID-19 continues to keep music lovers out of venues and away from gatherings
Hiring freezes, furloughs, and executive-pay cuts also among company's cost-cutting measures as COVID-19 ravages music industry
Fund will help live tour staff impacted by the COVID-19 pandemic
Companies also align with agents to develop live-music industry's unified response to COVID-19
Six unnamed venues claim Live Nation committed ticketing practice violations, a new court filing shows
