Ticketmaster says refunds for postponed concerts up to promoter, not them [Toronto Globe and Mail (Ontario, Canada)]
Live Nation Entertainment, Inc. (LYV)
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Source: Toronto Globe and Mail
Ticketmaster says refunds for postponed concerts up to promoter, not them Live Nation CEO and president Michael Rapino, seen here in June, 2017, recently announced he would give up his $3-million annual salary as part of measures aimed at cutting costs by $500-million this year. Ted S. Warren/The Associated Press Live Nation CEO and president Michael Rapino, seen here in June, 2017, recently announced he would give up his $3-million annual salary as part of measures aimed at cutting costs by $500-million this year. On March 12 – the day a task force led by two of the world’s biggest concert promoters recommended calling off all large-scale events through the end of the month – Ticketmaster quietly tweaked its refund policy. Where previously ticket buyers were informed that refunds were available for events that had been "postponed, rescheduled or cancelled,” the scope of the updated policy statement (explained on Ticketmaster’s website) was narrowed to apply to cancelled events onl
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