Real-time Estimate Cboe BZX This is Live Nation's 1st transaction in Alabama. Daze Between NOLA / Daze Between New Orleans, The Observatory Santa Ana / Santa Ana Observatory / The Observatory Music Hall. Red Mountain Entertainment is a premier regional concert and festival promoter. 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. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. PROMOTER RED MOUNTAIN ENTERTAINMENT A total of 4 acquisitions came from private equity firms. MarketScreener: Created by Investors for Investors! 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.. Birmingham, Alabama Area. 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. "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.". 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. Photo Credit: Michelle Stancil (PRNewsfoto/Live Nation Entertainment). 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. - Jeremy Sharp, Ben Lee Arts & Music Festival in . 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 procurement, as we believe, shall help the company to rake in profits for concerts from an already flourishing market. . LIVE NATION ACQUIRES PREMIER U.S. This is Live Nation's 15th transaction in the United States. Red Mountain Entertainment operaets as a full-service concert and festival promoter. NYSE and AMEX data is at least 20 minutes delayed. 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. Arts & Music Festival in Richardson, TX. Live Nation Entertainment, Inc. acquired majority stake in Red Mountain Live Nation Acquires Premier U.S. Promoter Red Mountain Entertainment It can uplift, inspire and create a memory that lasts a lifetime. - Lola Mitchell & Charlie Myatt (UK & Europe), Ife Ogunjobi Live Nation Buys Stake in Red Mountain to Improve Concerts - Yahoo Sports This is Live Nations 30th transaction in the Media sector. The company managed to promote 22% more shows for 15% more fans globally in the first quarter. Operator of full-service concert, event and festival. Login to add posts to your read later list, Event Ticketing Resources For Secondary and Primary. Live Nation acquires Birmingham's Red Mountain Entertainment - Tom Dark, Sur Back WhatsApp acquired by Facebook). June 18 at 7:30 p.m., Oak Mountain . The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. Red Mountain Entertainment operaets as a full-service concert and festival promoter. 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. 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. While Lindblad and Town Sports flaunt a Zacks Rank #1 (Strong Buy), RCI Hospitality carries a Zacks Rank #2 (Buy). Live Nation Entertainment, Inc. (NYSE:LYV) acquired majority stake in Red Mountain Entertainment on June 27, 2018. It's largest disclosed sale occurred in 2009, when it sold Live . Live Nation Buys Stake in Red Mountain to Improve Concerts - Jeremy Sharp, Brendan Maclean 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. Early investors could realize exceptional profits. 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. Moreover, the move is perfectly in line with Live Nations strategy for capturing more value for artists. 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. 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! Last Updated on July 2, 2018 by Olivia Perreault, Live Nation Buys Stake In Red Mountain Entertainment To Improve Shows. Arts & Music Festival in Richardson, TX. Live Nation, who owns Ticketmaster, manages major artists around the globe and operates more than 200 venues. . The monthly returns are then compounded to arrive at the annual return. In addition, Red Mountain produces craft beer festivals in the Southeast and owns the Oak Mountain State Fair in Pelham, Alabama. See our report's 7 new picks today, absolutely FREE. 5 Popular Ways to Invest in Gold: Which One Is Right for You? Red Mountain Entertainment is a full-service concert and festival promoter based in Birmingham, Alabama. 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. RME has extensive experience in booking and promoting concerts throughout the United States in venues ranging from clubs and theatres to arenas and stadiums. Teaming up with Red Mountain, Live Nation is primarily trying to strengthen its hold in the U.S. concert business. "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.". In addition, Red Mountain produces craft beer festivals in the Southeast and owns the Oak Mountain State Fair in Pelham, Alabama. "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. 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 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. This is Live Nation's 30th transaction in the Media sector. Spicemas Launch 28th April, 2023 | entertainment, news presenter | GBN The world's leading entertainment company, Live Nation Entertainment, is buying a majority stake in Birmingham-based Red Mountain Entertainment, the company recently announced. (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. 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. 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. The company has spent over $ 12M for the acquisitions. 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! 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. Live Nation Buys Stake in Red Mountain to Improve Concerts To learn more, click here. 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. About Us : 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. 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. Industry 376 Live Nation 816 Red Mountain Entertainment 1. ZacksTrade and Zacks.com are separate companies. | Live Nation Entertainment, Inc. acquired majority stake in Red Mountain Entertainment on June 27, 2018. Thank you for subscribing to our newsletter. AWS 5/1: Big Week for Q1 Earnings, Jobs, etc. All rights reserved. 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. 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 . 7-Day Free Trial. 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