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The taskforce is comprised of executives from all companies.
At this time, we collectively recommend large scale events through the end of March be postponed.
We continue to support that small scale events follow guidance set by their local government officials.
Previously,Billboardreported that Live Nation had instructed its foreign and domestic tours to all return home.
Coachella, SXSW, Ultra and othermajor live music eventshave been canceled or postponed.
The schedules will be reevaluated in April with the hopes of resuming tours this summer.
This is a breaking news story and has been updated accordingly.
