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Live music and touring stocks fall following coronavirus crisis
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nme.comThe ripple effect caused by the outbreak continues to harm the music industry The stock prices of a number of live music and touring promoters have plummeted this week following the outbreak of coronavirus.
The music industry has already been severely impacted by the global spread of the virus, with Coachella Festival being postponed and SXSW Festival being cancelled.
As reported by Billboard (paywall link), the US stock prices of major concert promoters have suffered this week following the continuing spread of coronavirus, which has now been classified by the World Health Organisation as a pandemic.
Live Nation shares fell by 16.6% yesterday (March 11) in the New York Stock Exchange. Over the past month, Live Nation shares have decreased
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