Live Nation CEO Michael Rapino discusses ways to restart concerts during the coronavirus pandemic.
Live Nation will begin testing a variety new concert experiences in the coming months.
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CEO Michael Rapino explained that they will be experimenting with drive-in concerts, fan-less virtual concerts and more during the company’s first-quarter earnings call on Thursday.
“So over the next six months, we’ll be starting slow and small, focusing on the basics and testing regionally,” he said. “But whether it’s in Arkansas or another] state that is safe, secure, and politically fine to proceed in, we’re going to dabble in fan-less concerts with broadcasts and reduced-capacity shows, because we can make the math work. There are a lot great artists that can sell out an arena, but they’ll do higher-end theaters or clubs.
“So you’re gonna see us gradually reopening] in different countries, whether it’s Finland, Asia, Hong Kong — certain markets are farther ahead in the recovery process],” he continued. “Over the summer there will be testing happening, whether it’s fan-less concerts, which fer great broadcast opportunities and are really important for our sponsorship business; drive-in concerts, which we’re going to test and roll out and we’re having some success with; or reduced-capacity festival concerts, which could be outdoors in a theater on a large stadium floor, where there’s enough room to be safe.
“We think in the fall, if there are no second hotspots, you’ll see markets around the world reopening] — Europe, specifically, has talked about opening up 5000-plus gatherings] in September,” Rapino concluded. “And on the venue side, we’re dealing with federal, the White House, every government body you can imagine, and we’ve got a great task force around what we have to do with the venue to make you safe. So I think in the fall you’ll see more experimenting and more shows happening in a theater setting, into some arenas. And then our goal is really to be on sale in the third and fourth quarters for 2021 at full scale.”
Live Nation has also begun reopening concerts, but only allowing 20% capacity and other catches.
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