It’s harder than ever to be a musician right now, especially one that thrives on live shows. With many shows simply not happening for the foreseeable future, musicians have had to resort to unique measures to supplement their meager incomes. Whether it’s bands like Code Orange conducting unique, intense livestream shows on Twitch or Fearless Records hosting streams for their own artists, never underestimate the ability of an artist to get creative if it means still getting to do what they’re passionate about.
Unfortunately, it appears Live Nation – which is the largest live events company in North America – wants musicians to shoulder even more of the costs next year. While it’s certainly questionable when large-scale live concerts and events will even make a comeback, some of the stipulations for next year include a staggering 20% drop in artist guarantees, among other things. In a memo obtained by Rolling Stone, that 20% drop in artist guarantees isn’t the scariest number here.