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. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. 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 . 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. This includes personalizing content and advertising. "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.". All Acquisitions: 7 [View Details] Latest Acquisitions: Observatory OC (Apr 2019), Red Mountain Entertainment (Jun 2018), Cuffe & Taylor (Jan 2017) Key Acquisition . 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. Post Cancel. NASDAQ data is at least 15 minutes delayed. The company has spent over $ 12M for the acquisitions. 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! Festival in non-traditional venues such as outdoor city centers and parks. Red Mountain will continue. 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. 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. 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 . Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia and other conditions. Red Mountain Entertainment General Information. Live Nation Entertainment, Inc. LYV announced its procurement of a majority stake in Red Mountain Entertainment.Live Nation, being the world's leading live entertainment company, plans to . The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. "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.". Live Nation Entertainment : Acquires Premier U.S. Promoter Red Mountain By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. 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. 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. Get the best and latest industry news, data, new artist signings, insider commentary and more, delivered right to your inbox! - Tom Dark, This Paranormal Life 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. Introducing Vibee : The destination experience company built for music fans, founded by li.. Sun May 2, 2021, 05:00. If you wish to go to ZacksTrade, click OK. Live Nation is a live entertainment company. A total of 4 acquisitions came from private equity firms. Increased Focus on Concert & Ticketing Business. 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. For additional information, visitwww.livenationentertainment.com. 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. Live Nation Entertainment is an American global entertainment company that was founded in 2010 following the merger of Live Nation and Ticketmaster. (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. Real-time Estimate Cboe BZX This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Responsible for the creation and execution of advertising, marketing and public relations campaigns for . It can uplift, inspire and create a memory that lasts a lifetime. Fred Roberts Red Mountain Entertainment is based in Birmingham, Alabama. Promoter Live Nation/Red Mountain Entertainment announced the dates on Monday. Live Nation Entertainment, Inc. acquired majority stake in Red Mountain Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Red Mountain Entertainment - Crunchbase Company Profile & Funding Live Nation Buys Stake in Red Mountain to Improve Concerts Live Nation to scale Red Mountain - TheTicketingBusiness News 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. the complete list of todays Zacks #1 Rank stocks here. Live Nation Acquires Red Mountain Entertainment All Rights Reserved. In fact, driven by a robust brand portfolio, Live Nations shares have rallied 35.7% in the past year, outperforming the broaderindustrys growth of 0.5%. - Jeremy Lascelles (co-management), Rory Powers Emporium Presents is an independent national concert promoter. About Us : 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.. In a bid to further strengthen its concert and ticketing business, Live Nation (LYV) acquires majority stake in Red Mountain. WhatsApp acquired by Facebook). Red Mountain Entertainment operaets as a full-service concert and festival promoter. 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, 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. . 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. See our report's 7 new picks today, absolutely FREE. Zacks Equity Research This is Live Nation's 30th transaction in the Media sector. 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. The company promotes, operates, and manages ticket sales for live entertainment in the United States and internationally. . -, The calm before the storm of earnings reports, Seaport Global Initiates Live Nation Entertainment at Buy With $85 Price Target. 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. Personal Assistant. Live Nation has acquired a majority stake in US concert and festival promoter Red Mountain Entertainment. This is Live Nations 1st transaction in Alabama. Live Nation Entertainment Live Nation Entertainment is a producer, promoter, and seller of live concert tickets for artists and fans. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Real time prices by BATS. Login to add posts to your read later list, Event Ticketing Resources For Secondary and Primary. Comment. 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. All are billed as "An Evening with James Taylor & His All-Star Band." . Red Mountain Entertainment. 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. Live Nation acquires Birmingham's Red Mountain Entertainment Products. Arts & Music Festival in . In 2008, after being formed for only a mere three years, Red Mountain was named one of the concert industrys Promoters of the Year. 3 Birmingham-based companies bought by national business entities