How the Music Industry Looks to Survive Without a $26 Billion Live Concert Business
Music attorney Tim Mandelbaum had to be at an Allman Brothers concert at Madison Square Garden on the night of March 10, at the behest of his client, longtime Allman Brothers guitarist Warren Haynes. It was a big deal: The band was celebrating 50 years, but Mandelbaum couldn’t think of anywhere he wanted to be less. It would be the last live concert at the “World’s Most Famous Arena” before the coronavirus pandemic cut the mics and turned the stages dark. Mandelbaum, a partner at Fox Rothschild, couldn’t even scalp his tickets outside of the arena. His plus-one had bailed; he ended up staying for two songs before the insanity of sitting in a closed arena full of people at the onset of a deadly virus sweeping the country forced him to leave. “I just thought, ‘This is so not the place to be right now,'” he said. With the coronavirus pandemic’s continued chokehold preventing artists from touring the globe and performing in sold-out venues to massive crowds, the music industry stands to lose tens of billions of dollars. “Really, it was almost a metaphor for what’s happened in our industry,” Mandelbaum said of his final concert night in March....
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