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World’s biggest live entertainment companies Live Nation, AEG form task force, look to suspend events

The world’s two biggest live entertainment companies, Live Nation and AEG, have formed a task force with other industry players to devise a coronavirus strategy and have recommended postponing some events.

Live Nation, AEG, CAA, WME, Paradigm and UTA released a joint statement outlining the partnership and their recommendations.

“The world’s leading forces in live entertainment have come together to form a global task force 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.

“At this time, we collectively recommend large scale events through the end of March be postponed.

“We continue to support that small scale events follow guidance set by their local government officials.

“We feel fortunate to have the flexibility to reschedule concerts, festivals, and live events as needed, and look forward to connecting fans with all their favorite artists and live entertainment soon.”

The task force includes Live Nation Entertainment CEO and president Michael Rapino, AEG president and CEO Dan Beckerman, AEG Presents chairman and CEO Jay Marciano, CAA managing partner and head of the music division Rob Light, WME partner and head of music Marc Geiger, Paradigm chairman Sam Gores,  Paradigm head of global music Marty Diamond and UTA global head of music David Zedeck.

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