LN updates terms for 2021 festivals
Planning for a potentially tough festival season in 2021, Live Nation has updated its contract terms for artists, according to a recent memo
News By IQ | 18 June 2020
Live Nation, the world’s largest concert and festival promoter, has issued updated terms for its 2021 festivals, according to a recent memorandum sent to booking agency partners.
The memo, reportedly sent out last week, comes as many promoters across the business also look to renegotiate artist contracts signed before the Covid-19 shutdown, in order to reflect a very different business environment next year.
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Among the proposed changes is a 20% reduction in guarantees from 2021 levels, minimum requirements for marketing…
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