Entries tagged with: merger
It was rumored before but is now official: Live Nation, the globe's biggest live events promoter (which books shows at Irving Plaza, Gramercy Theatre and other places in NYC) has acquired a controlling stake in independent concert company C3 Presents. The Austin-based C3, who also have a separate artist management division, are behind the Austin City Limits music festival, Lollapalooza and other big festivals around the world (and shows at Emo's and other venues in Austin and around the country).
In a press statement (via Billboard), C3 say "We are excited to join Live Nation and become a part of their global family, while continuing to grow our festivals within a culture of entrepreneurship that will empower our team to keep improving these festivals and the fan experience."
going HARD in NYC (more by Zachary Alex Stern)
NY Times reports:
Big money is flowing into electronic dance music. In the latest example of corporate interest in this once-ignored market, Live Nation Entertainment on Tuesday acquired Hard Events, a Los Angeles company that has put on popular festivals and concerts across North America.Deadmau5 also recently posted a note on his Tumblr saying "we all hit play", and maybe his fear of sinking cruise ships is why he is not on the lineup of this year's Holy Ship, which by the way is a highly successful venture (that sold out before the lineup was even announced) co-promoted by Bowery Presents AND HARD EVENTS (and that's just one of many events Bowery Presents does with Hard who are now owned by Bowery's biggest NYC competitor Live Nation).
Yet such investments are fueling fears that a bubble is taking hold in the world of electronic dance music, or E.D.M., jeopardizing the creative and commercial health of the music. The issue has been intensely debated inside the music business, and recently some of the genre's stars have sounded alarms as well.
"E.D.M. has turned into a massively marketed cruise ship, and it's sinking fast," the D.J. and producer Deadmau5 wrote on his Tumblr page on Tuesday. "All I'm trying to do is put on my life jacket and swim as far away from this shipwreck as fast as I can."
"After 30 years as spirited and often ferocious rivals, WBLS (107.5 FM) and WRKS (98.7 FM, Kiss-FM) will become one.RIP Kiss FM. Listen to a 1984 Kiss FM set by Kool DJ Red Alert below...
In a turn as sudden and stunning as the Yankees merging with the Mets, the city's two adult urban radio stations announced in a joint press release Thursday that they will become "One Family, One Station."
Kiss and WBLS began simulcasting at 10 a.m. Thursday, starting with a tribute to the 30-year legacy of Kiss.
As of 12 a.m. Monday they will become a single station at 107.5 FM, under the WBLS call letters." [Daily News]