More bad news to report. Three months ago Coachella Valley Music & Arts Festival was postponed until October due to the COVID-19 pandemic. According to Billboard, however, Coachella 2020 has now been cancelled. At this time, a limited capacity format is being considered for April 2021, as is a full event for October 2021.
The 2020 installment had been slated to feature Rage Against The Machine, Frank Ocean, Thom Yorke, Run The Jewels, and Code Orange, among dozens of other artists. It remains unclear how many of the originally confirmed performers will participate in the 2020 edition.
With this comes news that AEG has laid off 15% of its workforce, as well as furloughing over 100 employees in various divisions of the company and instituting 20–50% pay cuts. “Every employee worldwide will be impacted in one form or another,” wrote AEG chief executive Dan Beckerman in a staff memo to employees on Monday. “It is an agonizing decision, but sadly, a necessary one.”
Beckerman also wrote in the memo, “It is clear now that live events with fans will not resume for many months and likely not until sometime in 2021” which is a view shared by many in the industry.
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