Live Nation and Crew Nation Global Relief Fund Commit $1M to Support Los Angeles Music Community Impacted by Wildfires

Rhea-AI Summary

Live Nation Entertainment (LYV) and its Crew Nation Global Relief Fund have announced a $1 million commitment to support Los Angeles music industry workers affected by recent wildfires. The fund will provide grants up to $5,000 for industry employees facing displacement expenses due to mandatory evacuation orders, damage, or loss.

Live Nation is also supporting impacted employees through its Taking Care of Our Own program and partnering to produce FireAid, a benefit concert on January 30, 2025, aimed at rebuilding communities and supporting fire prevention efforts. Crew Nation, established in 2020, has previously distributed $18 million in aid, including $10 million from Live Nation and $8 million from artists, fans, and industry partners, helping over 16,000 crew members globally.

Positive

• Demonstrates corporate social responsibility and industry leadership through $1M commitment
• Potential positive PR impact and brand value enhancement
• Strategic community engagement through FireAid benefit concert

Negative

• None.

News Market Reaction

+1.53%

1 alert

+1.53% News Effect

On the day this news was published, LYV gained 1.53%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

LOS ANGELES, Jan. 17, 2025 /PRNewswire/ -- The Crew Nation Global Relief Fund is committing $1 million to assist performing musicians, live music crew, and live music industry workers affected by the recent wildfires in Los Angeles. Established by Live Nation Entertainment in 2020, Crew Nation has been dedicated to delivering aid to those in the music community experiencing unforeseen hardships.   

In response to the wildfires' devastation across L.A. County which are one of the largest natural disasters in U.S. history, Crew Nation has opened applications for grants up to $5,000 for individuals currently employed within the industry facing displacement expenses due to mandatory evacuation orders, damage, or loss. Those seeking support can apply for Crew Nation Fund grants here. 

"L.A. is home to so many who help make live music possible, and Crew Nation is continuing its core mission of helping this hardworking community through unforeseen hardship," said Michael Rapino, President & CEO, Live Nation Entertainment.  

Separate from Crew Nation, Live Nation is also supporting impacted employees from its Los Angeles headquarters with direct relief through its Taking Care of Our Own program. And the company is partnering to help produce and promote FireAid, a benefit concert on Thursday, January 30, to help rebuild communities and support fire prevention efforts across Southern California.  

Crew Nation was created when shows were paused during the pandemic and has helped get assistance to over 16,000 crew globally with a $10 million contribution from Live Nation, supplemented by $8 million from artists, fans, and industry partners. While live music has bounced back, the Fund continues its support, including a recent $5 million pledge through the On The Road Again program.  

Anyone looking to support live music artists and crews through the L.A. wildfires can donate to Crew Nation via 501c3. For more information on Crew Nation visit https://www.livenationentertainment.com/crewnation/.   

FAQ

How much has Live Nation (LYV) committed to support LA wildfire victims in 2025?

Live Nation and Crew Nation Global Relief Fund have committed $1 million to support Los Angeles music industry workers affected by the wildfires.

What is the maximum grant amount available from LYV's Crew Nation for wildfire victims?

Individuals can apply for grants up to $5,000 from Crew Nation Fund for displacement expenses due to mandatory evacuation orders, damage, or loss.

When is Live Nation's FireAid benefit concert for wildfire relief scheduled?

The FireAid benefit concert is scheduled for Thursday, January 30, 2025, to help rebuild communities and support fire prevention efforts.

How much has Crew Nation distributed in total aid since its establishment?

Crew Nation has distributed $18 million in total aid, including $10 million from Live Nation and $8 million from artists, fans, and industry partners.

How many crew members has Live Nation's Crew Nation program helped globally?

Crew Nation has helped over 16,000 crew members globally since its establishment in 2020.