A summer without music? The show must go on for musicians despite coronavirus cancellations [MarketWatch]
Live Nation Entertainment, Inc. (LYV)
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Source: MarketWatch
A summer without music? The show must go on for musicians despite coronavirus cancellations When Johnny “Chops” Richardson heard the annual South By Southwest music festival was canceled last week, he scrambled to set up an acoustic show in Austin to make up for lost performances. Now that Coachella has been postponed until October and other music festivals are in peril, he’s worried about his livelihood. “Unless it comes to the point where you’re going to die if you go outside, you gotta go to work,” said Richardson , bassist for the Randy Rogers Band , which has a handful of festival appearances on its touring schedule. Touring is the lifeblood of most bands, which leaves them in a position unlike most other industries that do not rely so heavily on traveling and large gatherings to make the majority of their revenue. “Definitely, 90% of our income is from playing live,” Richardson said. Uncertainty around outdoor music festivals in the U.S. is sending ominous ripples throughout the
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LYV
Earnings
- 11/11/24 - Beat
LYV
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- LYV's page on the SEC website