Posted in industry | music on September 19, 2012

AEG

"Anschutz Co is considering the sale of Anschutz Entertainment Group (AEG), whose portfolio of assets ranges from sports teams to concert venues, according to a source familiar with the situation.

Owned by billionaire Phillip Anschutz, AEG owns a concert division called AEG Live that ranks as the nation's second-largest show promoter behind Live Nation Entertainment (LYV.N), controlling such venues as London's famous O2 arena and the Staples Center in Los Angeles.

Its other assets include the Los Angeles Kings hockey team and the L.A. Galaxy soccer team.

A sale of AEG could fetch several billion dollars, the source said.

This is not the first time that Anschutz has explored a sale of some or all of AEG. In 2008, IAC's (IACI.O) Ticketmaster and Cablevision Systems Corp (CVC.N) came close to acquiring 49 percent of the AEG Live concert division for roughly $400 million. But those talks eventually flamed out and Ticketmaster went on to merge with Live Nation." [Reuters]

AEG Live owns Goldenvoice who does Coachella, handles tours like Justin Bieber, Leonard Cohen, and Paul McCartney, and owns/runs venues around the country like Best Buy Theater in NYC where it also exclusively books the new Williamsburg Park. They got a lot of press after Michael Jackson died. The LA Times focuses their story on AEG's ownership of the Kings and Staples Center, and points out that "other bidders could include Madison Square Garden Co., which owns the iconic New York sports arena and the Knicks basketball team, sports consultant Ganis said."

AEG recently partnered with C3, owner of Lolla and ACL, to buy Front Gate Tickets.

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Comments (33)

This is great news. I've been looking to purchase a concert venue/sports team/entertainment promotion conglomerate.
Thanks Business Vegan!

Posted by Anonymous | September 19, 2012 10:06 AM

One of these sausage hedge fund managers should probably scoop this up.

Posted by Anonymous | September 19, 2012 10:23 AM

I'll take it.

Posted by yaps | September 19, 2012 10:35 AM

what does this have to do with hummus?

Posted by Anonymous | September 19, 2012 10:56 AM

Absolutely, 10:23. Because the sausage hedge fund manager exists without a doubt, right?

Still waiting, by the way.

Still waiting.

Posted by Anonymous | September 19, 2012 11:23 AM

What's the difference between "Still Waiting" guy and a sausage?

"Still Waiting" guy only blows other scarves.

Posted by Anonymous | September 19, 2012 11:49 AM

^ *sigh*, poor ol' Buckeye.

:-(

Just try harder. You can't fail forever. Given a long enough timeline, probability's on your side.

I promise.

Posted by Anonymous | September 19, 2012 11:54 AM

What do you call someone who thinks anyone who dislikes him is actually Buckeye?

11:54.

Posted by Anonymous | September 19, 2012 12:06 PM

11:49 so a sausage blos both scarves & sausages then? u didnt think that 1 through vry well. joke skool 4 u

Posted by Anonymous | September 19, 2012 12:07 PM

12:06 = Buckeye Shrimper

Posted by Anonymous | September 19, 2012 12:09 PM

12:07 - that was the whole point of the 'joke'. Let us all know when you get to high school.

Posted by Anonymous | September 19, 2012 1:10 PM

11:23 - in case you didn't know this, Wagner Lamounier (original, original sausage) is a professor of economic science and applied statistics at Universidade Federal de Minas Gerais in Belo Horizonte, Brazil... guess you no longer need to wait?

Posted by Anonymous | September 19, 2012 1:46 PM

I wish the Sabra empire was on sale. I'd buy that up for sure.

Posted by Anonymous | September 19, 2012 1:48 PM

Man, I love ASG! Such a good band. Why would they sell themselves is beyond me.

Posted by Anonymous | September 19, 2012 2:18 PM

professor of economic science = hedge fund manager?

logic fail?

Posted by Anonymous | September 19, 2012 2:32 PM

sloppy wet vagina

Posted by Anonymous | September 19, 2012 2:39 PM

Whoa, you tryin' to backpedal there and pretend you're not Buckeye, 1:10?

smh@ u Bucky

Sausage LULZ, amirite?

Posted by Anonymous | September 19, 2012 2:44 PM

2:32 - it's close enough

Posted by Anonymous | September 19, 2012 2:44 PM

^it's not even kind of the same thing

Posted by Anonymous | September 19, 2012 2:51 PM

2:44 - you're not that stupid... you think he really didn't get his own joke?

Posted by Anonymous | September 19, 2012 2:58 PM

^ Oh, Buckeye *rolls eyes*.

smh@ u

LULZ

Posted by Anonymous | September 19, 2012 3:05 PM

Neither of you are funny, or interesting. Keep it in the metal posts, for the love of god.

Posted by Everyone else reading this blog | September 19, 2012 3:07 PM

@2:44

http://www.brooklynvegan.com/archives/2012/06/whitehorse_play.html

"It amazes me how closed-minded some of the trolls on here are. If you truly believe that someone like the singer from Batillus has marginalized himself, you're living in another dimension. It's amazing what a collared shirt and hair band can do for you. I know hedge-fund managers who make Fade look like a clean-cut kid. Keep telling yourself that these "sausages" can't have careers if it makes you feel better."

SAUSAGE FAIL

Posted by Anonymous | September 19, 2012 3:11 PM

http://www.brooklynvegan.com/img/music/batillus/acheron4/11.jpg

^ THIS GUY?!?!

*BWAAAAAH HAAA HAAAAA HAA!!!


TURBOLULZ

Posted by Anonymous | September 19, 2012 3:15 PM

@3:11 Indeed... that guy is a little extreme, but nothing a full-body suit and haircut couldn't fix - then he could run JPM.

Posted by 2:44 | September 19, 2012 3:27 PM

"One of these sausage hedge fund managers should probably scoop this up."

^ smh @ buckeye shrimper

Posted by Anonymous | September 19, 2012 3:37 PM

@3:27, a haircut and a new suit won't fix what's really wrong with him, amirite?

Posted by Anonymous | September 19, 2012 3:40 PM

@2:44

Still waiting.

Posted by Anonymous | September 19, 2012 3:42 PM

lulz...a full body suit is going to fix the tattoos on his hands? Is he going to wear gloves all day?

Now that's what I'd call a loser.

Still waiting.

Posted by Anonymous | September 19, 2012 3:46 PM

the Scarves -vs- Sausage debate is similar to debating Sabra-vs-Tribe or Megadeth-vs-Metallica.

Personal taste is unique to all. Just embrace the diversity!

Posted by Anonymous | September 19, 2012 4:05 PM

I like sausage - bratwurst, knockwurst, kielbasa, etc, shit is soooo good. Got some sausage from zum stammtisch pork store over the summer, put it on pretzel bread bun - fantastic!

I also wear scarves when it is cold outside. Having a scarf keep the heat in around your neck does wonders, especially if you don't want to wear a hat because it would mess up your hair (like for work).

Posted by Anonymous | September 19, 2012 4:14 PM

"a full-body suit"?

http://www.chromakeyshop.com/ekmps/shops/steldesigns02/images/blue-full-body-suit-2-p%5Bekm%5D203x300%5Bekm%5D.jpg

^ LIKE THIS?!?

OOOOOOOOOHHH

MYYYYYYYYYYY

FUUUUUUCKING

GOOOOOOOOOOD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Posted by Anonymous | September 19, 2012 4:44 PM

sloppy wet vagina

Posted by ReneaBarnes | October 24, 2012 8:34 PM

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