Their M.O. has long been to wait until an independent venue is in financial trouble, and then take it over and either turn it into an undifferentiated franchise, or simply disassemble it, as they recently did with Slim's.
So all venues will be Live Nation, just like all restaurants will be Taco Bell (or Ruth's Chris Steak House).
With No Timeline for Reopening, SF's Independent Venues Seek Lifeline
Bedard worries that smaller venues without backing from Live Nation or Goldenvoice, diversified corporations with credit lines deep enough to weather the storm (though not without layoffs), will shutter before they're able to adapt. It could be "financially less ruinous," Bedard said, for venues to close than to continue operating at a loss whenever the concert restrictions lift. [...]
Independent venues closing could also solidify the controversial expansion of Live Nation and AEG, parent company of Coachella promoter Goldenvoice, into the local concert market.
Live Nation, which operates the Fillmore Auditorium, the Masonic, and August Hall, can burn $150 million a month for the rest of the year "without any concern," company president Joe Berchtold told Billboard.
$150,000,000 a month. A month.
Buy some pizza, ok? Best if ordered for pick-up by phone at 415-626-0166 so that we don't have to give away almost our entire margin to the extortionate delivery services.