Agents Respond Back to Live Nation Booking Policy Changes, Including Artist Pay Reduction
In a recent company memo, Live Nation announced they’re cutting artist pay as they begin to plan future festivals. The global entertainment company is a major player in the live music industry, especially in the electronic music space. In 2013, Live Nation and Insomniac Events, an electronic music event promoter, formed a partnership where Insomniac would retain creative oversight of their branded events. Insomniac has a strong foothold in live music events as it’s behind one of the biggest electronic music events Electric Daisy Carnival (EDC) Las Vegas. The joint venture between two leading giants left little room for competition, but even they have felt COVID-19’s impact.
