Live events like concerts, baseball games and car races will remain a healthy and viable business over the long term despite the 2020 impact of COVID-19, in the view of Liberty Media chairman John …
The Atlantic To Lay Off 68 Employees, Cut Executive Pay And Freeze Salaries
“Everybody’s been scrambling to improve their balance sheets so they don’t have liquidity problems,” Malone noted. Live Nation, he noted, raised $1.2 billion through the debt markets in recent weeks. “Our original thesis of live events representing the best place to be on content, for TV or digital, remains intact,” Malone said. “Unfortunately, we’ve had this pandemic. I personally believe there will be a therapy or vaccine sooner rather than later that will get us back closer to normal.”
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