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The Nexus
BUSINESSJul 3 · 12:00 UTCVERITE NEWSJasmine Robinson

Q&A: Kirk McDonald, CEO of Essence’s parent company, talks future of Essence Festival in New Orleans

The 2026 Essence Festival of Culture in New Orleans faces contract negotiations after its current multi-year agreement ends that year. Last year’s event had production issues, lower ticket sales, and payment delays, prompting complaints from local businesses. Kirk McDonald of Essence’s parent company reaffirmed the festival’s commitment to New Orleans, proposing a $12 million annual funding plan for year-round community engagement.

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