Live Nation’s New Policy Asks Artists to Take A Pay Cut and Take The Burden of Canceled Shows in 2021

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.

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