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Business Wars Daily

Coachella is Canceled. Should Other Festivals Lose Hope?

Business Wars Daily

Wondery

News, Daily News, Business News, Business

4.6716 Ratings

🗓️ 11 February 2021

⏱️ 6 minutes

🧾️ Download transcript

Summary

Today is Thursday, February 11, and we’re looking at AEG Presents vs. LiveNation.

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Transcript

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0:00.0

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1:02.5

Thank you. McMillan Online Community. From Wondery, I'm David Brown, and this is Business Wars Daily on this Thursday, February

1:06.7

11th. If you're a fan of music festivals, you may have already heard the sad news. The six-day

1:11.8

Coachella Valley Music and Arts Festival, which draws around 99,000 people per day to Southern

1:17.2

California each spring, has been canceled again. Its country music cousin, stagecoach, has also been

1:24.0

axed for 2021. A Riverside County Health Orders said both festivals were, quote,

1:29.3

gatherings of an international scope, unquote, so too big of a risk to take in a state that's still

1:34.8

battling some of the highest numbers of COVID-19 cases in the country. It's fair to say that the

1:39.9

pandemic has not been kind to the live music industry. Last March, the two biggest concert promoters in

1:45.6

North America, Live Nation and AEG Presents, suspended all of their tours, saying in a joint statement

...

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