As it is, Live Nation registered its seventh consecutive year of record results in 2017 with revenue growth across all segments. 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. Complete Entertainment Resources Group, Inc. - Ticketing Assets includes CERG's ticketing commerce platform, anti-scalping algorithm, API applications and patent portfolio. 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. Live Nation Buys Stake in Red Mountain to Improve Concerts - Yahoo Sports Red Mountain also promotes Sloss Music & Arts Festival and Birmingham Winter Beer Fest. These returns cover a period from January 1, 1988 through April 3, 2023. Our goal is to bring your favorite band to your city and create memorable experiences. Sam Tinnesz Signs A Publishing Deal With Position Music, Rock Icons Aerosmith Announce Historic Last Run The Peace Out Farewell Tour, Entertainment Lawyer & Manager David Ehrlich Files $45M Suit Against Universal Music Group Citing Tortious Interference, Sony Music UK Relaunches Epic Records UK With Sarah Lockhart as President, Event Promoter All Things Live Launch All Things Live Middle East, ASM Global Appoints Brian Celler as SVP, Content and Programming Europe, LIVE Announces AEG, Kili Live, Serious, SJM, & Live Nation As Live Talks Partners & Plasa Joins LIVE Board, Madonna Announces The Finally Enough Love: The Rainbow Edition, Sony Music Sees Big Gains In Revenue, Profits For 2022, My Morning Jacket Announce The Return Of Their Destination Event, One Big Holiday For 2024, Melodie Announces Successful Fundraising Round, Sets Sights On US Expansion, Barry Manilow Foundation To Honor New Yorks Music Teachers, Slipknots Corey Taylor Signs With BMG For His Solo Material, Don Was, Woody Harrelson, Jennifer Garner, Ethan Hawke, & More Added to Willie Nelsons Birthday Celebration, U2 Adds More Dates At The Las Vegas Sphere, Karol G Teams Up With Live Nation For A North American Stadium Tour, The Toby Keith & Friends Golf Classic To Return This June, South Koreas President Sings American Pie During A White House State Dinner, Live Nation Makes A Bid To Acquire Portuguese Promoter Ritmos e Blues, SummerStage Announced The Free Show Lineup For 2023, Aerosmith May Be Teasing Their Farewell Tour, Tixr Debuts Their New User Experience, UX3, George Strait, Emmylou Harris Among The New Artists Announced For Willie Nelsons Long Story Short Birthday Celebration, Universal Music Group Reports Revenue Growth For Q1 2023, BMG Names Sean Heydorn As SVP Of Rise Records And Frontline Catalog, The Academy Of Country Music Announces The ACM Radio Award Winners For 2023, Lyle Lovett, Santigold, Buddy Guy, and The Flaming Lips Among The Headliners For Stern Grove 2023, Oak View Group Partners With Christian Navarro To Bring Bespoke Culinary Experiences To Its Venues And Festivals, Jeff Geasey Named GM At Page 1 Management, Park City Song Summit Returns To Utah For 2023, Spotify Monthly Active Users Top 500 Million For The First Time In Q1, Spotify Shares Its Secret Sauce Three Levels Of A.I.-Driven Algorithms, New Metallica Album 72 Seasons Fails to Debut At No. New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Live Nation . Live Nation was formed in 2005 and is based in Beverly Hills, California. Live Nation Buys Stake in Red Mountain to Improve Concerts ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. The Red Mountain team will continue to operate from Birmingham and the group will supervise all operations from concert and festival promotions to venue consulting as normal. Puedes cambiar tus opciones en cualquier momento haciendo clic en el enlace Panel de control de privacidad de nuestros sitios y aplicaciones. - Tom Dark, This Paranormal Life Red Mountain is known for promoting shows for leading artists including The Rolling Stones, Pink Floyd,Jimmy Buffett and more. 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. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. Teaming up with Red Mountain, Live Nation is primarily trying to strengthen its hold in the U.S. concert business. While working with Live Nation, Red Mountain will also be dynamically involved in organizing music festivals throughout the Southeast. Festival in non-traditional venues such as outdoor city centers and parks. CelebrityAccess provides in-depth Artist Analytics for over 250k+ Celebrities Worldwide - and unparalleled, detailed information on over 100k Entertainers Speakers, Celebrities, and their Representatives, as well as hundreds of thousands of Records for Venues, Agents and Managers, including their Direct Phone Numbers and Emails Addresses. WhatsApp acquired by Facebook). NASDAQ data is at least 15 minutes delayed. View contacts for Red Mountain Entertainment to access new leads and connect with decision-makers. 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. For additional information, visitwww.livenationentertainment.com. Sun May 2, 2021, 05:00. Analyst recommendations: Glencore, Intuit, Live Nation, Wells Fa.. Live Nation Entertainment Schedules First Quarter 2023 Earnings Release And Teleconfere.. 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.. "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. "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.". 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. Si quieres personalizar tus opciones, haz clic en Gestionar configuracin de privacidad. - Jeremy Sharp, formerly of The Harbour Agency, Bad Pony 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. RME has extensive experience in booking and promoting concerts throughout the United States in venues ranging from clubs and theatres to arenas and stadiums. For additional information, visitwww.livenationentertainment.com. - Kat Kennedy (co-management), Skunk Anansie Moreover, the move is perfectly in line with Live Nations strategy for capturing more value for artists. Announced Date . 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! 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. NYSE and AMEX data is at least 20 minutes delayed. Visit www.zacksdata.com to get our data and content for your mobile app or website. MarketScreener: Created by Investors for Investors! 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. In a bid to further strengthen its concert and ticketing business, Live Nation (LYV) acquires majority stake in Red Mountain. 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. In addition, Red Mountain produces craft beer festivals in the Southeast and owns the Oak Mountain State Fair in Pelham, Alabama. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. Visit Performance Disclosure for information about the performance numbers displayed above. Live Nation Mergers and Acquisitions Summary | Mergr . Comment. 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 inRed Mountain Entertainment, one of the premier regional concert and festival promoters inthe United States. (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. 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 . 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. If you wish to go to ZacksTrade, click OK. Red Mountain Entertainment - PitchBook Data -, The calm before the storm of earnings reports, Seaport Global Initiates Live Nation Entertainment at Buy With $85 Price Target. Red Mountain Entertainment operaets as a full-service concert and festival promoter. June 28, 2018, LYV Quick QuoteLYV RICK Quick QuoteRICK LIND Quick QuoteLIND. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Official Music Video Chart Top 50 11 April 2021 - 17 April 2021 LYNYRD SKYNYRD LIVE AT KNEBWORTH '76 1.3 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. Notably, in the last reported quarter, Live Nations concert business grew 20% year over year through efficient promotions. Live Nation Entertainment, Inc. (LYV) - free report >>, RCI Hospitality Holdings, Inc. (RICK) - free report >>, Lindblad Expeditions (LIND) - free report >>. Active, Closed, Whether an Organization is for profit or non-profit, Auto-generated name of transaction (e.g. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. If you do not, click Cancel. You can seethe complete list of todays Zacks #1 Rank stocks here. In addition, Red Mountain produces craft beer festivals in the Southeast and owns the Oak Mountain State Fair in Pelham, Alabama. 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. Emporium Presents, and Red Mountain Entertainment. About Us : Red Mountain Entertainment hardrockfan. Live Nation Entertainment, Inc. (LYV Quick QuoteLYV - Free Report) announced its procurement of a majority stake inRed Mountain Entertainment. Home - Live Nation Entertainment PFP 5/1: Stocks Up After Strong Week of Earnings, Favorable Inflation Report, The Next Big Thing in Tech: Investing in AI Stocks. Meanwhile, Red Mountain is proficient in its amphitheater business, which can further promote Live Nations strategies. Promoter Live Nation/Red Mountain Entertainment announced the dates on Monday. Find More Contacts for Red Mountain Entertainment, Edit Lists Featuring This Company Section, Brittany Howard to perform at Birminghams Sloss Furnaces. Live Nation, who owns Ticketmaster, manages major artists around the globe and operates more than 200 venues. 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. Overview of Live Nation's Acquisitions. In a bid to further strengthen its concert and ticketing business, Live Nation (LYV) acquires majority stake in Red Mountain. ZacksTrade and Zacks.com are separate companies. 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. In addition, Red Mountain produces craft beer festivals in the Southeast and owns the Oak Mountain State Fair in Pelham, Alabama. Moreover, it would improve ticket-booking experience and shall continue driving revenues, going forward. Zacks Equity Research Since 1988 it has more than doubled the S&P 500 with an average gain of +24.27% per year. "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.". The company managed to promote 22% more shows for 15% more fans globally in the first quarter. It has also divested 7 assets. Live Nation, being the world's leading live entertainment company, plans to incorporate Red Mountain's market expertise, as the latter happens to be one of the pre-eminent regional concert and . Red Mountain Entertainment - Crunchbase Company Profile & Funding Nosotros, Yahoo, somos parte de la familia de marcas de Yahoo. - Lori Peters (Worldwide except Canada), Angie Hart Live Nation Buys Premier U.S. Promoter Red Mountain Entertainment A total of 4 acquisitions came from private equity firms. To learn more, click here. mostrar anuncios y contenido personalizados basados en perfiles de inters; medir la efectividad de los anuncios y el contenido personalizados, y. desarrollar y mejorar nuestros productos y servicios. 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. 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! Dec 2009 - Present13 years 2 months. Live Nation Acquires Red Mountain Entertainment 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.. 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. Live Nation acquires Alabama's Red Mountain | IQ Magazine Birmingham, Alabama's largest concert promoter, Red Mountain Entertainment, has been bought by concert giant Live Nation Entertainment in hopes to bring more shows to the area. From day one, our goal at Red Mountain has always been to bring fans favorite artists to town, Gary Weinberger,Red Mountains president, said in a statement. "From day one, our goal at Red Mountain has always been to bring fans' favorite artists to town. 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. 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! Resources. 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. - Jeremy Sharp, Busby Marou 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! James Taylor playing 3 outdoor concerts in Alabama in 2023: How to get See our report's 7 new picks today, absolutely FREE. 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 complete list of todays Zacks #1 Rank stocks here. This is Live Nation's 15th transaction in the United States. 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. Red Mountain Entertainment General Information. Arts & Music Festival in Richardson, TX. - Jeremy Lascelles (co-management), Rory Powers 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. All Rights Reserved. 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. Get concert tickets, news and more! Live Nation Entertainment acquires Red Mountain Entertainment - 2018-06 Search Crunchbase. Financial terms of the deal were not disclosed. Copyright 2023 Surperformance. 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. "From day one, our goal at Red Mountain has always been Live Nation Buys Stake In Red Mountain Entertainment To - TicketNews Live Nation to scale Red Mountain - TheTicketingBusiness News which it co-owns with AC Entertainment (also a Live Nation company) and VMI, and exclusively books Beale Street Music Festival in Memphis, Tennessee, and Wildflower! Products. Live Nation, being the worlds leading live entertainment company, plans to incorporate Red Mountain's market expertise, as the latter happens to be one of the pre-eminent regional concert and festival promoters intheUnited States. - Jeremy Sharp, Ben Lee Find tour dates and live music events for all your favorite bands and artists in your city! RME has extensive experience in booking and promoting concerts throughout the United States in venues ranging from clubs and theatres to arenas and stadiums. Privacy Policy | No cost, no obligation to buy anything ever. 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. View original content with multimedia:http://www.prnewswire.com/news-releases/live-nation-acquires-premier-us-promoter-red-mountain-entertainment-300672859.html, Plus500. In 2008, after being formed for only a mere three years, Red Mountain was named one of the concert industrys Promoters of the Year. Join Date: 09 Jun 2018; Posts: 1782; Share Tweet #285. Conrad Rafield III is Coca-Cola United's new board chairman 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. Red Mountain Entertainment. - Lola Mitchell & Charlie Myatt (UK & Europe), Ife Ogunjobi 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! You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. 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 inRed Mountain Entertainment, one of the premier regional concert and festival promoters inthe United States. All Acquisitions: 7 [View Details] Latest Acquisitions: Observatory OC (Apr 2019), Red Mountain Entertainment (Jun 2018), Cuffe & Taylor (Jan 2017) Key Acquisition . Live Nation, being the world's leading live entertainment company, plans to incorporate Red Mountain's market expertise, as the latter happens to be one of the pre-eminent regional concert and . Lindblad, Town Sports International and RCIs earnings for 2018 are expected to grow 155.6%, 211.8% and 52.5%, respectively. 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. - Daniel Morgan & Vichara Edirisinghe, Skunk Anansie Live Nation Entertainment (NYSE: LYV) has acquired a majority stake in Birmingham's Red Mountain Entertainment. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. "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. Solutions. Red Mountain Entertainment operaets as a full-service concert and festival promoter. Red Mountain Entertainment bought by Live Nation Entertainment. The world's leading entertainment company, Live Nation Entertainment, is buying a majority stake in Birmingham-based Red Mountain Entertainment, the company recently announced. Real-time Estimate Cboe BZX Arts & Music Festival in Richardson, TX. Get the best and latest industry news, data, new artist signings, insider commentary and more, delivered right to your inbox! Theyve brought big-name artists like John Mayer, Bob Dylan, Twenty One Pilots, and Paul Simon to the state, and its current shows on the agenda include Miranda Lambert and Little Big Town at the Wharf. Additionally, RME is actively involved in the production of music festivals like the Sloss Music & Arts. Photo Credit: Michelle Stancil (PRNewsfoto/Live Nation Entertainment). Red Mountain Entertainment is a full-service concert and festival promoter based in Birmingham, Alabama. Arts & Music Festival in Richardson, TX. | Live Nation Entertainment, Inc. acquired majority stake in Red Mountain Entertainment on June 27, 2018. 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. . San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Live Nation is an American events promoter and venue operator based in Beverly Hills, California.Founded in 1996 by Robert F. X. Sillerman as SFX Entertainment, the company's business was built around consolidating concert promoters into a national entity to counter the oversized influence of ticket behemoth Ticketmaster.In 2000, the company was sold to Clear Channel Communications for $4.4 . 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. Our goal is to bring your favorite band to your city and create memorable experiences. "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.". - Sinan Ors, Mata -, The calm before the storm of earnings reports, Seaport Global Initiates Live Nation Entertainment at Buy With $85 Price Target. 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. Arts & Music Festival in Richardson, TX.