Live Nation mothballs with $500m cuts
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Global promoter Live Nation has announced a series of measures
designed to protect the business during Covid-19.
With almost all gigs cancelled for the foreseeable future, Live
Nation says it will be cutting costs in “hiring freezes, reduction in the
use of contractors, rent re-negotiations, furloughs and reduction or
elimination of other discretionary spending including, among other
things, travel and entertainment, repairs and maintenance, and
marketing”.
CEO Michael Rapino also announced he will be giving up 100%
of his $3m a year salary, alongside other salary cuts from top board
members. This includes the company’s President, Chief Financial
Officer and more.
There is currently no mention of redundancies, with a focus on
furloughing staff.
‘Together at Home’
raises £100m for
healthcare workers
One World: Together At Home, a virtual
concert featuring performances by major
celebrities and artists, raised £100m for
healthcare workers. The money will be split
between the World Health Organisation and a
number of charities.
The event, organised by poverty charity
Global Citizen, featured a US and UK version.
It was broadcast in the UK by the BBC on
Saturday 18 April, and was hosted in-studio
by Dermot O’Leary, Clara Amfo and Claudia
Winkleman.
The virtual concert aimed to celebrate
those working in healthcare during the
Covid-19 pandemic. A number of UK acts
took part in the concert, including Little Mix,
The Kingdom Choir, and Rag ‘N’ Bone Man.
Sir Paul McCartney, Sir Elton John and the
Rolling Stones all appeared in both the US
concert and the UK version.
06
Major venues transformed to fight Covid-19
Major outdoor and live music venues
across the UK have converted into
training facilities, testing centres
and hospitals as the Covid-19 crisis
continues.
Following on from the conversion
of many exhibition and conference
venues into emergency hospitals,
The O2 has converted into an NHS
training facility, supplying staff to the
nearby Nightingale Hospital at ExCeL
London. The facility opened on 12
April, and will close on 29 June.
Cardiff’s Principality Stadium
has also been turned into a 2,000
capacity hospital. Its construction was
overseen by T&M Technical Services,
whose Director Tom Feierabend
commented: “When a hospital needs
to be built in a stadium that’s not just
a big empty room, it’s the theatre, TV,
and events industry that steps up.”