€300m ‘umbrella’ for Austrian promoters
In what is believed to be a world first, the Austrian government has announced it will cover the cost if an event is cancelled due to a change in Covid-19 restrictions
News By IQ | 27 October 2020
The Austrian federal government has announced a €300 million ‘protective umbrella’ to provide certainty for promoters of concerts, trade shows and other live events.
The new funding is designed to remove the risk for event organisers, to allow them to carry on business as usual: If shows organised during the current level of restrictions (at the time of writing, a limit of 1,000 people seated indoors or 1,500 outdoors) are cancelled due to new rules, the government will bear the costs…
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