Artist contracts renegotiated as Covid-19 reality bites
Faced with a difficult immediate future, promoters are seeking to strike new deals on more favourable terms ahead of the resumption of concert touring
News By IQ | 6 May 2020
As the concert industry’s collective thoughts turn towards the post-coronavirus recovery, artist contracts – particularly those enshrining huge guarantees for performers – are increasingly…
finding themselves under the microscope, with cash-strapped promoters pushing for more favourable terms when live music returns.
As a result of the global touring shutdown, many concert organisers are seeking to renegotiate deals for both rescheduled and future shows, asking for a reduction in the artist fee, a smaller upfront payment or a more equitable revenue split, industry…
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