Stevie postpones shows due to Covid in the band

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So what happens financially with the tour when dates are canceled? Is Stevie taking a bath financially?

Here’s what Roger Daltrey from The Who told USA Today this week:

“Touring has become very difficult since COVID. We cannot get insured and most of the big bands doing arena shows, by the time they do their first show and rehearsals and get the staging and crew together, all the buses and hotels, you’re upwards $600,000 to a million in the hole. To earn that back, if you’re doing a 12-show run, you don’t start to earn it back until the seventh or eighth show. That’s just how the business works. The trouble now is if you get COVID after the first show, you’ve (lost) that money.“