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For the full year of 2018, the company already booked 5,000 arena, stadium and amphitheater shows, reflecting 21% growth from 2017. Live Nation has acquired a majority stake in Red Mountain Entertainment, a regional concert and festival promoter headquartered in Birmingham, Alabama. PROMOTER RED MOUNTAIN ENTERTAINMENT 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. Get The Best Industry News, Data, Insider Commentary And More, Delivered Right To Your Inbox. This is Live Nation's 1st transaction in Alabama. Dec 2009 - Present13 years 2 months. 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. 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By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. "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. 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. Live Nation, who owns Ticketmaster, manages major artists around the globe and operates more than 200 venues. It can uplift, inspire and create a memory that lasts a lifetime. 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. 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. Visit www.zacksdata.com to get our data and content for your mobile app or website. 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. 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. In addition, Red Mountain produces craft beer festivals in the Southeast and owns the Oak Mountain State Fair in Pelham, Ala. 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. Red Mountain Entertainment is a premier regional concert and festival promoter. Red Mountain also promotes Sloss Music & Arts Festival and Birmingham Winter Beer Fest. Live Nation Entertainment (NYSE: LYV) has acquired a majority stake in Birmingham's Red Mountain Entertainment. 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. See our report's 7 new picks today, absolutely FREE. Introducing Vibee : The destination experience company built for music fans, founded by li.. In a bid to further strengthen its concert and ticketing business, Live Nation (LYV) acquires majority stake in Red Mountain. 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.. From day one, our goal at Red Mountain has always been to bring fans favorite artists to town. Rafield is president/owner of Rafield Investment Co., and he is a founding partner and shareholder of Red Mountain Entertainment, a Live Nation Company. Comment. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. 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. Introducing Vibee : The destination experience company built for music fans, founded by li.. Arts & Music Festival in Richardson, TX. Festival in non-traditional venues such as outdoor city centers and parks. 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. Visit Performance Disclosure for information about the performance numbers displayed above. Live Nation's largest acquisition to date was in 2006, when it acquired HOB Entertainment for $350M. All rights reserved. Red Mountain Entertainment operaets as a full-service concert and festival promoter. - Jeremy Sharp, formerly of The Harbour Agency, Bad Pony Zacks Equity Research 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. Red Mountain Entertainment is based in Birmingham, Alabama. 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. Photo Credit: Michelle Stancil (PRNewsfoto/Live Nation Entertainment). A total of 4 acquisitions came from private equity firms. Last Updated on July 2, 2018 by Olivia Perreault, Live Nation Buys Stake In Red Mountain Entertainment To Improve Shows. 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. - Kat Kennedy (co-management), Skunk Anansie 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. Snap Expands Partnership With Live Nation to Bring Augmented Reality Features to Music .. Live Nation Entertainment, Inc. : Change in Directors or Principal Officers, Financial Sta.. Live Nation Entertainment Elects Rich Paul To Board Of Directors, Live Nation Entertainment Elects Rich Paul to its Board of Directors, Roth MKM Starts Live Nation Entertainment at Neutral. 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. Responsible for the creation and execution of advertising, marketing and public relations campaigns for . Get the best and latest industry news, data, new artist signings, insider commentary and more, delivered right to your inbox! 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. Products. Notably, in the last reported quarter, Live Nations concert business grew 20% year over year through efficient promotions. 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. Live Nation has invested in multiple sectors such as Online Event Ticketing and more. Red Mountain Entertainment operaets as a full-service concert and festival promoter. Recent stocks from this report have soared up to +178.7% in 3 months - this month's picks could be even better. Announced Date . Chrome Extension. Under the terms of the acquisition, the Red Mountain team will operate from Birmingham, AL and continue to supervise all operations starting from concert and festival promotions to venue consulting. Red Mountain will continue. Additionally, the companys name will stay the same, a spokeswoman said. 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 . Red Mountain Entertainment bought by Live Nation Entertainment. While Lindblad and Town Sports flaunt a Zacks Rank #1 (Strong Buy), RCI Hospitality carries a Zacks Rank #2 (Buy). 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! 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. Cuando utilizas nuestros sitios y aplicaciones, usamos. 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. Delayed quotes by FIS. Red Mountain Entertainment operaets as a full-service concert and festival promoter. LIVE NATION ACQUIRES PREMIER U.S. This is Live Nations 30th transaction in the Media sector. 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! . Personal Assistant. ZacksTrade and Zacks.com are separate companies. Arts & Music Festival in . Red Mountain is just another promoter to add to their portfolio; the promoter said that they will use Live Nations resources to continue growing live entertainment offerings throughout the Southeastern United States, according to a press release. brandermill country club membership cost, greater phoenix rv show 2022,