Dust off those re-scheduled concert tickets, normalcy is upon us.
Live Nation CEO Michael Rapino said on the company's Q4 2020 earnings call that large-scale concert events could start back up this summer at a 70-100% capacity. The news comes after President Biden announced that by the end of May, every American would be eligible to be vaccinated against COVID-19.
Closer on the horizon is outdoor festival events, after conversations with numerous governors, Rapino proposes that they would be able to operate at 75-100% capacity. This means music festivals like the Coachella Valley Music & Arts Festival and Austin's own Austin City Limits Music Festival might make an appearance this year after all. ACL Fest has tentatively scheduled dates on October 1-3 & 8-10, 2021. Life Is Beautiful, a festival that takes place in Las Vegas has already announced its 2021 lineup in hopes of a successful re-opening of venues.
"We might have certain states that might not be ready, but we have enough states and enough artists willing to play the open slots if we get to that level in the right markets. So as long as these states open up to the right capacities, we can start in midsummer, and in southern U.S. we can go all the way into November."
The U.S. isn't the only country gearing up for the re-opening of concerts and festivals. The United Kingdom has recently announced its plans to re-open venues at 100% capacity by July 2021. Some festivals have already started selling tickets in preparation for these upcoming dates.