My Chemical Romance, due to play in Auckland this month, is one of Live Nation's touring acts.

The world's two biggest live entertainment companies have told all their touring artists to return home amid coronavirus fears.

In a statement, Live Nation and AEG said they were suspending "large-scale events" for the rest of March, Variety reported.

According to a Billboard report, the announcement affects all Live Nation tours, both in North America and internationally.

One of Live Nation's major New Zealand tours is My Chemical Romance, who were due to play in Auckland on March 25.

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On Friday morning, the band confirmed it was postponing its Auckland concert.

Local act Aldous Harding is also set to play Auckland Town Hall on March 14, and Christchurch's James Hay Theatre on March 15.

The shows are billed as being presented by Live Nation. A spokeswoman promoting the tour said the gigs were still going ahead at this stage.

Live Nation New Zealand has been approached for comment.

Concert promoter Publicity +, which is bringing Lenny Kravitz to Auckland on March 31, said while it was an "evolving situation" there was nothing to suggest his gig wouldn't go ahead as planned.