Unless you have been living on the moon for the past week, you no doubt heard that Bonnaroo got washed out by an extraordinary amount of rainfall which took place following the first day of the festival. Anyone who knows me understands my passionate support of this event and I want to help people understand two really important issues related to this unfortunate situation. First, how do festival organizers make such a huge decision to cancel the event. And second, what are the implications and potential financial impacts of such a decision on all parties concerned - the bands, sponsors, vendors and patrons.

To analyze this situation, I am pleased to present Peter Tempkins, an expert on risk management and insurance related matters in the live music industry. He has over 30 years of relevant experience in these matters and has dozens of concert t-shirts to prove it. If you want an inside look at the issues confronting all sides of this issue, then this episode will be very informative and interesting.

The Smartest People In The Room^® is a series of one-on-one conversations between music industry executives and personalities hosted by Tom Truitt, Managing Director of the Music & Live Entertainment practice. These hour long conversations draw an audience of hundreds and feature every type of global music industry executive, including agents, managers, attorneys, business managers, promoters, publishers, working musicians, songwriters. The audience is global, with strong concentration in music business centers like New York City, Los Angeles, Nashville, London, Toronto, San Francisco, Austin and more.

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