This is Live Nations 30th transaction in the Media sector. BEVERLY HILLS, Calif., June 27, 2018 /PRNewswire/ -- Live Nation Entertainment, the world's leading live entertainment company, today announced that it has acquired a majority stake in Red . Analyst recommendations: Glencore, Intuit, Live Nation, Wells Fargo, Wizz Air Analyst recommendations: Glencore, Intuit, Live Nation, Wells Fa.. Live Nation Entertainment Schedules First Quarter 2023 Earnings Release And Teleconfere.. Last Updated on July 2, 2018 by Olivia Perreault, Live Nation Buys Stake In Red Mountain Entertainment To Improve Shows. Festival in non-traditional venues such as outdoor city centers and parks. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. 86% of retail CFD accounts lose money, http://www.prnewswire.com/news-releases/live-nation-acquires-premier-us-promoter-red-mountain-entertainment-300672859.html, Registration on or use of this site constitutes acceptance of our. Red Mountain handles show bookings in venues ranging from amphitheaters and arenas to clubs and theatres, including exclusive venues The Wharf Amphitheater, Tuscaloosa Amphitheater, Brandon Amphitheater, and Iron City. Find tour dates and live music events for all your favorite bands and artists in your city! Red Mountain will continue to oversee all operations for its diverse suite of events and projects, which range from concert promotions, to festival promotion and production, as well as venue consulting. Members can instantly access 500k+ Dates of Live Bands on Tour, Artist Avails, News Archives, and UNLIMITED Box Office without worrying about Pay-More Restrictions! Additionally, Red Mountain is actively involved in the production of music festivals throughout the Southeast including Sloss Music & Arts Festival, which the company co-owns with AC Entertainment and VMI, and has exclusive booking partnerships with Beale Street Music Festival in Memphis and Wildflower! New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Photo Credit: Michelle Stancil (PRNewsfoto/Live Nation Entertainment). Copyright 2023, All Rights Reserved | Some TicketNews posts have affiliate links - it may receive a commission if you click a link and purchase tickets or other products. Arts & Music Festival in Richardson, TX. In a typical year, Live Nation welcomes around 100 million fans to events around the world, and now the still and sparkling mountain water will be front and center as the exclusive water across . Media Company. The company promotes over 400 shows annually across a variety of entertainment offerings including concerts, stand-up comedy, and performances by celebrated TV personalities. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Live Nation Entertainment, Inc. (NYSE:LYV) completed the acquisition of majority stake in Red Mountain Entertainment on June 27, 2018. Arts & Music Festival in Richardson, TX. hardrockfan. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.27% per year. ZacksTrade and Zacks.com are separate companies. Join Date: 09 Jun 2018; Posts: 1782; Share Tweet #285. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. | Live Nation Entertainment, Inc. acquired majority stake in Red Mountain Entertainment on June 27, 2018. The core concert promotions business handles show bookings in venues ranging from amphitheaters and arenas to clubs and theatres, including exclusive venues The Wharf Amphitheater, Tuscaloosa Amphitheater, Brandon Amphitheater, and Iron City. The entire Red Mountain team will continue to stay with the company and operate from their home base of Birmingham, Alabama as they become part of Live Nation. . In addition, Red Mountain produces craft beer festivals in the Southeast and owns the Oak Mountain State Fair in Pelham, Alabama. Live Nation's largest acquisition to date was in 2006, when it acquired HOB Entertainment for $350M. http://www.investors.livenationentertainment.com, Cision Distribution 888-776-0942 proporcionarte nuestros sitios y aplicaciones; autenticar usuarios, aplicar medidas de seguridad y evitar el spam y los abusos, y. medir el uso que haces de nuestros sitios y aplicaciones. BEVERLY HILLS, Calif., June 27, 2018 /PRNewswire/ -- Live Nation Entertainment, the world's leading live entertainment company, today announced that it has acquired a majority stake in Red. "From day one, our goal at Red Mountain has always been to bring fans' favorite artists to town. Find Events - Sinan Ors, Mata Red Mountain Entertainment General Information. It can uplift, inspire and create a memory that lasts a lifetime. The core concert promotions business handles show bookings in venues ranging from amphitheaters and arenas to clubs and theatres, including exclusive venues The Wharf Amphitheater, Tuscaloosa Amphitheater, Brandon Amphitheater, and Iron City. Live Nation Entertainment, Inc. (LYV Quick QuoteLYV - Free Report) announced its procurement of a majority stake inRed Mountain Entertainment. (RTTNews) - Live Nation Entertainment said that it has acquired a majority stake in Red Mountain Entertainment, one of the premier regional concert and festival promoters in the United States. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Red Mountain Entertainment acquired by Live Nation Entertainment, Name of the organization that made the acquisition, Total number of Crunchbase contacts associated with this organization, Total number of organizations similar to the given organization, Descriptive keyword for an Organization (e.g. Red Mountain Entertainment is based in Birmingham, Alabama. All Rights Reserved. LYNYRD SKYNYRD LIVE AT KNEBWORTH '76 1.24. Moreover, it would improve ticket-booking experience and shall continue driving revenues, going forward. Official Music Video Chart Top 50 11 April 2021 - 17 April 2021 LYNYRD SKYNYRD LIVE AT KNEBWORTH '76 1.3 Red Mountain has promoted shows including The Rolling Stones, Pink Floyd, Jimmy Buffett, Kenny Chesney, Eric Church, Fall Out Boy, G-Eazy, Phish, Leon Bridges, Rod Stewart, Kings of Leon, John Mayer, Dave Matthews Band, Bob Dylan, Def Leppard, Imagine Dragons, Luke Bryan, Twenty One Pilots, and Chris Stapleton to name a few. - Lola Mitchell & Charlie Myatt (UK & Europe), Ife Ogunjobi "From day one, our goal at Red Mountain has always been to bring fans' favorite artists to town. -, The calm before the storm of earnings reports, Seaport Global Initiates Live Nation Entertainment at Buy With $85 Price Target. This is Live Nation's 1st transaction in Alabama. Given their entrepreneurial approach to business, their personal relationships and their tireless work ethic, they will continue to grow and accomplish even more as we work alongside one another at Live Nation, Rouxs said in a press release. Sun May 2, 2021, 05:00. RME has extensive experience in booking and promoting concerts throughout the United States in venues ranging from clubs and theatres to arenas and stadiums. - Jeremy Sharp, Sam Alfred To learn more, click here. "Given their entrepreneurial approach to business, their personal relationshipsand their tireless work ethic, they will continue to grow and accomplish even more as we work along-side one another at Live Nation.". Red Mountain will continue to oversee all operations for its events and projects, which range from concert promotions to festival promotion and production, as well as venue consulting. Emporium Presents is an independent national concert promoter. Red Mountain Entertainment operaets as a full-service concert and festival promoter. - Jeremy Lascelles (co-management), Rory Powers These returns cover a period from January 1, 1988 through April 3, 2023. On June 27, 2018, Live Nation acquired media company Red Mountain Entertainment Acquisition Highlights. Recent stocks from this report have soared up to +178.7% in 3 months - this month's picks could be even better. MarketScreener: Created by Investors for Investors! The entire Red Mountain Team will continue to stay with the company and operate from their home base of Birmingham, Ala., according to a Live Nation announcement. Financial terms of the deal were not disclosed. Overview of Live Nation's Acquisitions. Red Mountain Entertainment. Login to add posts to your read later list, Event Ticketing Resources For Secondary and Primary. Zacks Equity Research Red Mountain Entertainment is a full-service concert and festival promoter based in Birmingham, Alabama. Live Nation has acquired 43 companies, including 9 in the last 5 years. Increased Focus on Concert & Ticketing Business. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Rafield is president/owner of Rafield Investment Co., and he is a founding partner and shareholder of Red Mountain Entertainment, a Live Nation Company. - Tom Dark, This Paranormal Life Birmingham, Alabamas largest concert promoter, Red Mountain Entertainment, has been bought by concert giant Live Nation Entertainment in hopes to bring more shows to the area. Given their entrepreneurial approach to business, their personal relationships and their tireless work ethic, they will continue to grow and accomplish even more as we work along-side one another at Live Nation.. PFP 5/1: Stocks Up After Strong Week of Earnings, Favorable Inflation Report, The Next Big Thing in Tech: Investing in AI Stocks. Copyright 2023 CelebrityAccess. Plus500. Over the years the Red Mountain team has promoted shows across many different music genres for leading artists including The Rolling Stones, Pink Floyd, Jimmy Buffett, Kenny Chesney, Eric Church, Fall Out Boy, G-Eazy, Phish, Leon Bridges, Rod Stewart, Kings of Leon, John Mayer, Dave Matthews Band, Bob Dylan, Def Leppard, Imagine Dragons, Luke Bryan, Twenty One Pilots, and Chris Stapleton to name a few. Responsible for the creation and execution of advertising, marketing and public relations campaigns for . Get concert tickets, news and more! Our goal is to bring your favorite band to your city and create memorable experiences. Meanwhile, Red Mountain is proficient in its amphitheater business, which can further promote Live Nations strategies. Whether it's two hours at a packed club, or an entire weekend of sets at a festival, a live show does more than entertain. This is Live Nations 15th transaction in the United States. Over the years the Red Mountain team has promoted shows across many different music genres for leading artists including The Rolling Stones, Pink Floyd, Jimmy Buffett, Kenny Chesney, Eric Church, Fall Out Boy, G-Eazy, Phish, Leon Bridges, Rod Stewart, Kings of Leon, John Mayer, Dave Matthews Band, Bob Dylan, Def Leppard, Imagine Dragons, Luke Bryan, Twenty One Pilots, and Chris Stapleton to name a few. While Lindblad and Town Sports flaunt a Zacks Rank #1 (Strong Buy), RCI Hospitality carries a Zacks Rank #2 (Buy). As part of Live Nation, with my partners Jay Wilson, John Ruffino and our team, we look forward to bringing countless more shows and festivals to fans across the Southeast.. MarketScreener: Created by Investors for Investors! Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. AboutLive Nation EntertainmentLive Nation Entertainment (NYSE: LYV),is the world's leading live entertainment company comprised of global market leaders: Ticketmaster, Live Nation Concerts, and Live Nation Sponsorship. . In addition, Red Mountain produces craft beer festivals in the Southeast and owns the Oak Mountain State Fair in Pelham, Alabama. NYSE and AMEX data is at least 20 minutes delayed. 5 Popular Ways to Invest in Gold: Which One Is Right for You? Live Nation, who owns Ticketmaster, manages major artists around the globe and operates more than 200 venues. "From day one, our goal at Red Mountain has always been Search Crunchbase. 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Arts & Music Festival in Richardson, TX. Additionally, the companys name will stay the same, a spokeswoman said. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. "Given their entrepreneurial approach to business, their personal relationshipsand their tireless work ethic, they will continue to grow and accomplish even more as we work along-side one another at Live Nation.". In a bid to further strengthen its concert and ticketing business, Live Nation (LYV) acquires majority stake in Red Mountain. Try For Free Benzinga's Top Ratings Upgrades, Downgrades For April 24, 2023, What 4 Analyst Ratings Have To Say About Live Nation Entertainment, INTRODUCING VIBEE: THE DESTINATION EXPERIENCE COMPANY BUILT FOR MUSIC FANS, FOUNDED BY LIVE NATION, SeatGeek said to file confidentially for IPO - report, Live Nation (LYV) Boosts Payment Options With PayPal Partnership, Registration on or use of this site constitutes acceptance of our. For the full year of 2018, the company already booked 5,000 arena, stadium and amphitheater shows, reflecting 21% growth from 2017. "I have had the great privilege to have known Gary, Jay and John for many years now, and they are just terrific people who have built a tremendous concert business," said Bob Roux, President, U.S. Concerts, Live Nation. Si no quieres que nosotros ni nuestros socios utilicemos cookies y datos personales para estos propsitos adicionales, haz clic en Rechazar todo. - Jeremy Sharp, Ben Lee Additionally, Red Mountain is actively involved in the production of music festivals throughout the Southeast includingSloss Music & Arts Festival, which the company co-owns with AC Entertainment and VMI, andhas exclusive booking partnerships with Beale Street Music Festival in Memphis and Wildflower! Post Cancel. This is Live Nation's 15th transaction in the United States. Start Free Trial . BEVERLY HILLS, Calif. (CelebrityAccess)Live Nation Entertainment has acquired a majority stake in Red Mountain Entertainment, one of the largest independent promoters in the Southeastern US. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Live Nation Entertainment Schedules First Quarter 2023 Earnings Release And Teleconference, Live Nation Entertainment Elects Rich Paul To Board Of Directors. Red Mountain Entertainment operaets as a full-service concert and festival promoter. NASDAQ data is at least 15 minutes delayed. Red Mountain Entertainment has the reputation as being one of the premier regional concert and festival . Some better-ranked stocks in the leisure space include Lindblad Expeditions (LIND Quick QuoteLIND - Free Report) , Town Sports International Holdings, Inc. and RCI Hospitality (RICK Quick QuoteRICK - Free Report) . Red Mountain will continue to oversee all operations for its diverse suite of events and projects, which range from concert promotions, to festival promotion and production, as well as venue consulting. Since their formation in 2005, Red Mountain has promoted concerts in Birmingham at venues like the Legacy Arena, the Alabama Theater, Tuscaloosa Amphitheater, and the Wharf Amphitheater. PRESS RELEASE PR Newswire. Resources. entertainment, news presenter | 4.8K views, 28 likes, 13 loves, 80 comments, 2 shares, Facebook Watch Videos from GBN Grenada Broadcasting Network: GBN News 28th April 2023 Anchor: Kenroy Baptiste. As we took on bigger venues, talent, and events across the Southeast, we always stayed true to that mission, which is why we were excited about the opportunity to work with Live Nation," said Gary Weinberger, President, Red Mountain Entertainment. WhatsApp acquired by Facebook). Cuando utilizas nuestros sitios y aplicaciones, usamos. Under the terms of the acquisition, the Red Mountain team will operate from Birmingham, AL and continue to supervise all operations starting from concert and festival promotions to venue consulting. This is Live Nation's 30th transaction in the Media sector. Red Mountain's experience in the amphitheater business has developed into a venue consulting practice, advising clients on venue planning and design, sponsorship development, premium seating packaging, marketing, venue management and operations, talent buying, concessions and merchandise sales. Active, Closed, Whether an Organization is for profit or non-profit, Auto-generated name of transaction (e.g. (Caroline Sur Back Sans), CelebrityAccess provides unparalleled, detailed information on over 50,000 Entertainers, Speakers, Celebrities, and their representatives, as well as, hundreds of thousands of records for venues, agents and managers, ADVERTISE WITH US BUSINESS AUTOMATION PRIVACY POLICY TERMS OF USE ABOUT. Together, the companies plan to combine Red Mountain's rich market expertise with Live Nation's extensive resources to continue growing live entertainment offerings throughout the Southeastern United States. See our report's 7 new picks today, absolutely FREE. Fred Roberts The core concert promotions business handles show bookings in venues ranging from amphitheaters and arenas to clubs and theatres, including exclusive venues The Wharf Amphitheater, Tuscaloosa Amphitheater, Brandon Amphitheater, and Iron City. Copyright 2023 Surperformance. It's largest disclosed sale occurred in 2009, when it sold Live . Live Nation is a live entertainment company. Red Mountain Entertainment is a full-service concert and festival promoter based in Birmingham, Alabama. All rights reserved. (RTTNews) - Live Nation Entertainment said that it has acquired a majority stake in Red Mountain Entertainment, one of the premier regional concer. Copyright 2023 Surperformance. As the world's leading live entertainment company, we are privileged to work with artists to bring their creativity to life on stages around the world. For additional information, visitwww.livenationentertainment.com. The company promotes, operates, and manages ticket sales for live entertainment in the United States and internationally. Live Nation, who owns Ticketmaster, manages major artists around the globe and operates more than 200 venues. As we took on bigger venues, talent, and events across the Southeast, we always stayed true to that mission, which is why we were excited about the opportunity to work with Live Nation," said Gary Weinberger, President, Red Mountain Entertainment. A total of 4 acquisitions came from private equity firms. In May 2018, Live . Teaming up with Red Mountain, Live Nation is primarily trying to strengthen its hold in the U.S. concert business. Introducing Vibee : The destination experience company built for music fans, founded by li.. Red Mountain's experience in the amphitheater business has developed into a venue consulting practice, advising clients on venue planning and design, sponsorship development, premium seating packaging, marketing, venue management and operations, talent buying, concessions and merchandise sales. As we took on bigger venues, talent, and events across the Southeast, we always stayed true to that mission, which is why we were excited about the opportunity to work with Live Nation," said Gary Weinberger, President, Red Mountain Entertainment. You can seethe complete list of todays Zacks #1 Rank stocks here. Find Events June 18 at 7:30 p.m., Oak Mountain . the complete list of todays Zacks #1 Rank stocks here. "I have had the great privilege to have known Gary, Jay and John for many years now, and they are just terrific people who have built a tremendous concert business," said Bob Roux, President, U.S. Concerts, Live Nation. - Daniel Morgan & Vichara Edirisinghe, Skunk Anansie At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Arts & Music Festival in Richardson, TX. The procurement, as we believe, shall help the company to rake in profits for concerts from an already flourishing market. Red Mountain Entertainment is a premier regional concert and festival promoter. Live Nation has acquired a majority stake in Red Mountain Entertainment, a regional concert and festival promoter headquartered in Birmingham, Alabama. Live Nation Entertainment acquires Red Mountain Entertainment on 2018-06-27 for an undisclosed amount. Announced Date . 1 Breaking The Bands 32-Year Streak, Morgan Wallen Postpones Three More Shows With Vocal Issues, Willie Nelsons Outlaw Music Festival Announces Additional Dates, Kylie Dembek Hired as Country Music Project Manager at ONErpm, Dancing With The Stars Judge Len Goodman, Dead At 78, The Mechanical Licensing Collective Seeks New Board Members. Real time prices by BATS. - Tom Dark, Sur Back Red Mountain will continue to oversee all operations for its diverse suite of events and projects, which range from concert promotions, to festival promotion and production, as well as venue consulting.
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