Back on June 18th Live Nation sent a memo to talent agencies, outlining the changes they are making for the 2021 concert and festival policy.
The memo that was sent, advised of some big pay changes, that would have a negative impact on the artists. For instance, a 20% pay cut across the board.
Holt posted on his Instagram “So Live Nation has decided life has been hard on them, so now they’re going to pay artist 20 percent less,” Holt continued “This could be the final nail in the rock and metal coffin. That lost 20 percent now comes out of a bands’ merch, which they take a bigger cut of. Satan forbid you have to cancel a show due to illness. Swipe to see how much these people made last year and see if your heart bleeds for their lost revenue.”
Among the commenters was Antrax’s Scott Ian, who chimed in to say “And you know the A-list/festival headline acts won’t take the cuts because without them there’s no festival. The middle-class gets screwed.” Holt’s reply to Ian, “BINGO! Headliners will get paid, we get pissed on, and will be expected to say thank you for the piss stream.”