Live Nation Entertainment recommends all large-scale music events be postponed through the end of March amid coronavirus concerns.
The announcement included news of an eight-person global entertainment task force designed to"drive strategic support and unified direction ensuring precautionary efforts and ongoing protocol are in the best interest of artists, fans, staff, and the global community," according to a statement obtained by USA TODAY on Thursday.
Small-scale events nationwide can proceed, Live Nation said in a statement, if approved by local officials.about the viability of upcoming shows and their impact on the company's bottom line. The stock's 52-week high is $76.60. Festivals are hard to reschedule, Brooks said, because organizers have to accommodate the schedules of multiple performers.A lot of money is on the line, Brooks said.
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