Spring Awakening Excursions: Cancun Awakening was scheduled to take place from Jan. 13-17, but is off “due to the heightened concern of the COVID variants.”
The announcement of the Cancun cancellation follows a difficult fall for the company’s live events. According to a release from LiveOne, the “recent live EDM music event, Spring Awakening Music Festival: Autumn Equinox held in Chicago in October, was seriously impacted by the Delta COVID variant as well as adverse weather which caused the audience to be evacuated due to lightning.”
Festival-goers were asked to leave the grounds on the first night due to lightning, but were able to return later in the evening. The rain persisted the next day, but attendees were safe to remain at the festival. The complications caused LiveOne to take a $3 million loss on the Chicago festival. LiveOne said it is actively pursuing an insurance claim to cover the costs incurred in connection to Autumn Equinox and “expects a material recovery of its costs.
The Chicago event is produced by the LiveOne subsidiary React Presents. LiveOne also owns LiveXLive, PodcastOne, Slacker Radio, Gramophone Media and Palm Beach Records. Given the cancellation and rescheduling of planned live events as well as the challenges incurred at the Chicago festival, LiveOne has updated its guidance for fiscal year 2022 which ends March 31, 2022. The company is now expecting revenue between $110 million – $112 million with in adjusted EBITDA for 2022. LiveOne had previously forecast fiscal year 2022 revenue of $115 million to $125 million with an $8 million adjusted EBITDA loss.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Selena Gomez on Rare Beauty’s New Spring Items and Embracing Her Natural Beauty“I wanted the brand to be there for girls and guys and whoever to feel like it's okay to not look like everybody else.”
Les mer »
Palm Springs Film Festival Awards Gala Canceled Due To Covid ConcernsThe Palm Springs International Film Festival gala awards show set for Thursday January 6 has been canceled due to Covid surge concerns. Among those Oscar-buzzed contenders scheduled to receive awar…
Les mer »
Palm Springs International Film Awards Cancels GalaThe Palm Springs International Film Society cancels its annual Film Awards following COVID concerns.
Les mer »
Hollywood Awards Shows and Events Canceled Amid Omicron SurgeThe Palms Springs Film Fest's awards gala and the BAFTA Tea party were both canceled Monday as COVID-19 cases spike.
Les mer »
Chicago theaters cancel holiday performances over COVID-19 concernsMultiple Chicago theaters canceled or postponed performances this weekend due to the new COVID-19 surge. The casualties: Shows in theaters from downtown to the suburbs canceled either out of caution or because cast members and crews tested positive for the virus. Those include (but are not limited to): 'The Nutcracker' (Joffrey Ballet)'Pretty Woman: The Musical' (Broadway in Chicago) Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for free'Teatro ZinZa
Les mer »
Brooke Shields, 56, Says It’s a ‘Misconception That Women Can’t be Sexy Over a Certain Age’Brooke Shields, 56, Opens up About Feeling Sexy at Any Age
Les mer »