Global entertainment company Live Nation is planning changes to its contracts, aiming to transfer some of the risks associated with staging events onto the artists after the Covid-19 shutdown. These include an across-the-board drop in fees and guarantees of around 20% . When shows are cancelled due to poor ticket sales, artists will get 25% of their fee, except under ‘force majeure’, such as a second spike of COVID or changes to physical distancing rules, when the artist would get no fee at all.
Published: 19-06-2020