Los Angeles Music Scene: Is Live Nation getting slightly less optimistic about the return of live music in the US?

The Satellite

On November 5th, LiveNation's CEO Michael Rapino said on the company's Q3 earnings call:

We still expect shows at scale next summer but recognize that some exact timeline of this return will vary by region and so we continue to focus on remaining flexible . . . So if you have a new if you have a new tour well let's think about the fall into 2022 but let's sit tight until January before you start moving any costs in place to get ready. So that's kind of a -- that the general sense is let's -- let's reset, let's get through 2021 summer with whatever we reschedules from 2020, add new stuff into the fall to 2022 as we get a better visibility into January.

That appears to give a distinct indication that they expected shows to start up in the summer of 2021. And my interpretation was that they expected ALL shows to return.

Is LiveNation getting a touch less optimistic?

On December 7th, Live Nation president Joe Berchtold said the following on  CNBC: 

In the key US, Western European markets, it continues to be our expectations that by next summer we're back with our major outdoor shows, our amphitheaters here in the US, festivals globally, we'll be able to do those shows.

I didn't see a transcript of the interview so this is my own personal transcript of the interview.

Berchtold appears to be restricting summer shows to outdoor amphitheaters and festivals. That appears to provide additional clarification to the November 5th statement. 

CNBC's headline of the interview was: Live Nation president Joe Berchtold says he expects U.S. shows will be back by summer 2021. That is true, but over-looks the specifics. 

If I'm hearing the interview correctly, LiveNation does not expect their Los Angeles venues such as The Echo, Echoplex and The Regent to open up in the summer.