Recognizing national concerns over the spread of the coronavirus, Live Nation is instructing its touring shows to prepare to return home, Billboard has learned. The announcement affects all Live Nation tours domestically and some shows internationally.

Earlier Thursday (March 12) the company told employees it is recognizing large gatherings around the world are being canceled and the company will be postponing current touring arena shows through the end of the month. Some select shows will play out over the next few days, but the remainder of the concerts will be postponed.

Live Nation is also instructing its employees to work remotely and not come into the office. The company's Beverly Hills headquarters will be mostly closed until the end of March.

On a call, company executive told employees that March is generally a slow month and that Live Nation will re-evaluate the situation at the beginning of April with the goal of resuming touring in May or June.

Live Nation is not planning any layoffs and company officials told staff it is well positioned to weather the closure.

Tours affected include Billie Eilish, Jason Aldean, Zac Brown Band, Cher, Kiss, Post Malone, Tool, Lynyrd Skynyrd, Chris Stapleton and many others.