According to billboard.com, Live Nation is suing their insurance company over hundreds of millions in losses in revenue due to the pandemic. They claimed that Factory Mutual is refusing to honor the premium policy that sold the promoter despite diseases like Covid-19 being covered.
Edmtunes.com stated that Live Nation claims that the Covid-19 outbreaks have affected 35 venues and locations, and that there were also 62 infections of its employees during the first few months of the pandemic in early 2020.
However, it turns out that Live Nation isn’t the only one filing a lawsuit as entities like NYU, Atlanta Falcons, and Ralph Lauren are also involved in the growing list. Factory Mutual stated that their loss only applies to “physical” damage, not by mandated governments or a shut down.
Anyways, that’s all the news I have for now until then, stay safe, peace out!