Experts Say Live Promoters Need a New Game Plan for Coronavirus

As coronavirus fears ravaged global markets — slashing Live Nation’s stock by more than 25% since mid-February — the concert giant’s CEO, Michael Rapino, tried to reassure investors. “Asia is less than .01 of nothing of our business right now,” he said. “The fan will show up.”
But in the past week alone promoters have canceled Ultra Music festivals in Miami and Abu Dhabi and Tomorrowland in France; Apple, Netflix and other big brands have pull