SXSW was really bent on going through with this massive event even though smaller events were being cancelled. The spread would likely happen through multiple contacts in airports and since there is a delay in symptoms if any, SXSW woould, in the worst case, been a super spreader event. You could bet lawsuits would have rained on them and likely the City of Austin.
Sometimes, you just got to say no, we will not contribute to spreading this disease inadvertently and take the hit. SXSW organizers are unbelievable.
To the people only thinking of themselves about this just being a "flu", I read this yesterday: https://twitter.com/kumailn/status/1235015662117908481 It is not just about you. He pulled out of events because he wanted to limit contact to avoid spreading it to a vulnerable loved one.