Live Nation donates $5m to emergency COVID-19 fund for concert crews – and could donate another $5m

Michael Rapino, CEO and President of Live Nation, and his family have personally donated $250,000 to the Crew Nation fund
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Paradigm set to lay off over 100 staff – more than a seventh of its workforce – as Coronavirus live music lockdown hurts agencies

Paradigm CEO Sam Gores hopes redundancies will be “temporary”
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Live Nation, AEG, CAA, WME, Paradigm and UTA ‘recommend large scale events through the end of March be postponed’ due to Coronavirus

Companies have also set up a global COVID-19 task force
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Live Nation’s value has been slashed in half by Coronavirus – but it’s got off easy compared to iHeartMedia

iHeart’s stock crashed by nearly a quarter (22%) today
The post Live Nation’s value has been slashed in half by Coronavirus – but it’s got off easy compared to iHeartMedia appeared first on Music Business Worldwide.
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