Marc Geiger, until recently the head of music at WME, and one of the founders of Lollapalooza, sounds like he’s not expecting to be attending any festivals in 2021.
Asked on “The Bob Lefsetz Podcast” when he expects concerts to return, Geiger said, “My guess is late ‘21, more likely ‘22.” And he told Lefsetz that the problem of insurance going forward is “a biggie” when it comes to reasons for that long a delay, although “there are probably 20.”
The music exec elaborated: “Look, the whole thing is a s— show… Whether it’s testing or it’s the government, it’s too infinite of a well to go down. But in my humble opinion, it’s going to be ‘22. It’s going to take that long before what I call the ‘germaphobia economy’ to be slowly killed off and be replaced by what I call the ‘claustrophobia economy,’ which is where everybody wants to go out and go back to dinner and have their life and go to festivals and go to shows. And my instinct is that’s just going to take a while because as you can see, these super-spreader events — sports, shows, festivals, anything, the classroom — ain’t going to do too well while the virus is this present.