As the entertainment industry attempts to rebound from the pandemic, Live Nation is demanding that artists take a 20% pay cut and take the burden for canceled shows in 2021.
Rolling Stone released details of Live Nation’s memo to talent agencies which, in addition to the 20% pay cut, will only give artists a 25% instead of 100% guarantee if shows are canceled due to low ticket sales. Live Nation already requires that the artists pay for their own travel; the company takes 30% of merchandise sales, too.
Live Nation demand artists take 20 percent pay cut in 2021: https://t.co/ak7pBGttkA
— Loudwire (@Loudwire) June 18, 2020