Live Nation-Owned Veeps Announces Mass Layoffs, Shutting Down Four Major Music Publications
Veeps, founded in 2017 by Joel and Benji Madden of Good Charlotte along with Sherry Saeedi and Kyle Heller, has operated as a livestreaming and on‑demand entertainment platform. In January 2021 Live Nation acquired a majority stake in the company, and by 2024 or 2025 Veeps had taken ownership of the four publications. The layoffs were reported by Pitchfork and corroborated by Music Business Worldwide, TicketNews, and other industry outlets.
The four affected titles have long served as key voices in their respective niches. BrooklynVegan, launched in 2004 by David Levine, began as a local New York music blog that expanded to cover indie rock, touring, and vegan culture. Alternative Press, founded in 1985, has chronicled alternative rock, punk, and later broader alternative genres, and hosted the Alternative Press Music Awards from 2014 to 2017. Revolver, established in 2000, has focused on hard rock and heavy metal, becoming a staple for fans of those genres. Goldmine, with roots dating back to the 1970s, publishes historical retrospectives, interviews, and coverage across all music styles.
The layoffs come amid a period of consolidation in music journalism. Many artists and independent labels have relied on these outlets for exposure, reviews, and community building. With the editorial teams dissolved, the outlets will no longer publish new content, leaving a gap in coverage for the indie, alternative, metal, and historical music communities.
Live Nation’s Q2 2026 financial results, released July 30, show the company’s continued profitability: revenue of $7.7 billion, up 9 percent, and operating income of $522 million, up 7 percent. The company’s strong financial performance underscores the contrast between its commercial success and the contraction of its media arm.
Industry analysts note that the layoffs reflect a broader trend of media consolidation and cost‑cutting within Live Nation’s portfolio. While the company has been expanding its livestreaming and venue operations, the decision to eliminate editorial staff at four established publications indicates a shift away from traditional music journalism.
The immediate effect is the loss of a platform for new music discovery and critical discussion. Artists who previously received coverage from BrooklynVegan, Alternative Press, Revolver, or Goldmine will need to seek alternative outlets for promotion. The closures also raise questions about the sustainability of niche music journalism in an era dominated by streaming services and social media.
As of now, Veeps has not announced plans to replace the editorial teams or to maintain the websites in a reduced capacity. The company’s focus appears to remain on its livestreaming and on‑demand services.
The layoffs mark a significant moment for the independent music press. The four publications, each with decades of history and dedicated readerships, will no longer contribute new content. The industry will likely feel the impact for years to come as artists and fans adjust to the absence of these long‑standing voices.