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Stock impact report

'Huge cloud' hangs over concert industry as Live Nation and AEG shut down tours amid coronavirus [Los Angeles Times (CA)]

Live Nation Entertainment, Inc. (LYV) 
Last live nation entertainment, inc. earnings: 10/31 04:01 pm Check Earnings Report
Barely five days ago, music fans and the concert business had a rude awakening to the reality of the coronavirus pandemic when promoters of the Coachella and Stagecoach music festivals bumped both back six months into October. Just two days later, however, even that shock to the system was dwarfed as the entire live entertainment industry ground to a near halt, capped by the decision of the world’s two largest promoters of live music to halt all tours and shows, at least through the end of March. Live Nation Entertainment and AEG Presents, both based in the Los Angeles area, are the leading promoters of events from massive festivals such as the Coachella Valley Music and Arts Festival in Indio to hundreds of other shows annually at sports arenas, theaters and clubs, many of which they also own and/or operate. Those include AEG’s Staples Center sports arena, the El Rey Theatre, the Fonda Theatre, the Shrine Auditorium, the Roxy, the Microsoft and Novo theaters and Live Nation’s Hollywo Show less Read more
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