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Save Our Stages: How an Industry Hail Mary Became Live Music s $15 Billion Lifeline
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Congress Agrees on Covid-19 Relief Bill With Funding for Live Music Venues
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Charles Reagan Hackleman for Rolling Stone
After a series of protracted negotiations that threatened to derail any financial relief for millions of Americans, Congress passed a new Covid-19 relief bill Monday night that will include funding for independent music venues that have been closed throughout the pandemic. The bill will now move to the White House for President Trump to sign the sweeping bill, paving the way for venue owners to begin applying for financial relief.
On Monday, Speaker of the House Nancy Pelosi and Senate Minority Leader Chuck Schumer issued a statement noting the bill includes “$15 billion in dedicated funding for live venues, independent movie theaters, and cultural institutions.”
President of Live Entertainment, Danny Wimmer Presents
In terms of scale and impact, how would you describe 2020 and the
current crisis, its impact on your business and the biggest challenge
(or challenges) our industry faces?
2020 has been devastating for all
of the obvious reasons. No business owner or executive ever wants to be in a position of drastically diminished revenue and company layoffs,
not to mention the health and safety implications and tremendous
loss-of-life brought on by a pandemic. But like every other business in this industry, DWP has had to face it head on. Given that we were
completely vested in the festival business prior to the COVID outbreak,
President, Live Nation Women
In terms of its scale and impact, how would you describe 2020 and the
current crisis, its impact on your business and the biggest challenge
(or challenges) our industry faces?
2020 has been a year of extreme challenges and inspiring opportunities. COVID-19 shut our business down and the effect on our industry and its workforce, financially, psychologically and emotionally, can’t be overstated. On top of that, the US, indeed the world, is grappling with long overdue adjustments to gross racial and gender inequalities and injustices. That said, we’ve also had valuable time to reflect and explore new ideas amidst the chaos.
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