Live Nation is a huge worldwide concert, touring and
merchandising giant. They have changed
the way the concert and merchandising industry thrives within the music
industry. With the change in music
lovers’ buying behavior, Live Nation has attempted to change the business model
and redirect where profit comes in. As
of now, the public is still waiting to experience the viability and
profitability of this model. 
According to the Hollywood
Reporter, Live Nation fervently denies responsibility, for they claim they
did their best to ensure safety at the event.
A company as big as Live Nation invests heavily in special event and
liability insurance for situations just like this. Resource
Nation states that most businesses are sued by third parties, and every
business should have liability insurance.
Liability insurance should be supplemented with special event insurance,
because special event insurance covers more situations, like a fire, mob, or
stage collapse. Even if someone commits
a DUI after a special event, the sponsoring business can be held liable for
that individual’s actions. It may seem
extreme to blame Live Nation for most of the stage collapse, but the reality
is, a company like Live Nation is well prepared to pay the fines associated
with such a catastrophic occurrence.
Image Sources: Live Nation Logo
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