Hurricane Sandy will cost 'millions in lost profits' for live business

Tom Pakinkis

An increasing number of live events are being cancelled or postponed across the US as Hurricane Sandy nears the East Coast.

Billboard has reported that multiple Northeast concerts have already been called off with the hurricane in mind, along with live music events in New Jersey, Boston, Philadelphia and Washington DC.

Speaking to Billboard, president of AEG Live Randy Phillips outlined the significance of Sandy’s potential impact on his business.

"It will have an impact on our budgets and ...

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