Last Updated on July 2, 2018 by Olivia Perreault, Live Nation Buys Stake In Red Mountain Entertainment To Improve Shows. Visit www.zacksdata.com to get our data and content for your mobile app or website. Zacks Ranks stocks can, and often do, change throughout the month. - Jeremy Sharp, Busby Marou . It's largest disclosed sale occurred in 2009, when it sold Live . LIVE NATION ACQUIRES PREMIER U.S. Emporium Presents, and Red Mountain Entertainment. "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. Each of the company logos represented herein are trademarks of Microsoft Corporation; Dow Jones & Company; Nasdaq, Inc.; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. 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 will continue. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. This includes personalizing content and advertising. Conrad Rafield III is Coca-Cola United's new board chairman - Tom Dark, This Paranormal Life Additionally, RME is actively involved in the production of music festivals like the Sloss Music & Arts. Real time prices by BATS. Live Nation Entertainment (NYSE: LYV) has acquired a majority stake in Birmingham's Red Mountain Entertainment. Rafield is president/owner of Rafield Investment Co., and he is a founding partner and shareholder of Red Mountain Entertainment, a Live Nation Company. Active, Closed, Whether an Organization is for profit or non-profit, Auto-generated name of transaction (e.g. Dec 2009 - Present13 years 2 months. The entire Red Mountain team will continue to stay with the company and operate from their home. Red Mountain Entertainment operaets as a full-service concert and festival promoter. 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. 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. Live Nation U.S. Concerts President Bob Roux described Red Mountain as a tremendous concert business.. - Tom Dark, Sur Back Recent stocks from this report have soared up to +178.7% in 3 months - this month's picks could be even better. 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. PFP 5/1: Stocks Up After Strong Week of Earnings, Favorable Inflation Report, The Next Big Thing in Tech: Investing in AI Stocks. Lindblad, Town Sports International and RCIs earnings for 2018 are expected to grow 155.6%, 211.8% and 52.5%, respectively. All Rights Reserved. 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. 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. 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. 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. Copyright 2023 CelebrityAccess. Live Nation Acquires Premier U.S. Promoter Red Mountain Entertainment Early investors could realize exceptional profits. ZacksTrade and Zacks.com are separate companies. 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. Additionally, RME is actively involved in the production of music festivals like the Sloss Music & Arts. Arts & Music Festival in . Live Nation Buys Stake In Red Mountain Entertainment To - TicketNews From day one, our goal at Red Mountain has always been to bring fans favorite artists to town. Get concert tickets, news and more! Live Nation Entertainment - Wikipedia http://www.investors.livenationentertainment.com, Cision Distribution 888-776-0942 Live Nation (LYV) Expected to Beat Earnings Estimates: Should You Buy? We use cookies to understand how you use our site and to improve your experience. 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! This is Live Nations 15th transaction in the United States. Financial terms of the deal were not disclosed. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. Jun. 86% of retail CFD accounts lose money, http://www.prnewswire.com/news-releases/live-nation-acquires-premier-us-promoter-red-mountain-entertainment-300672859.html, Registration on or use of this site constitutes acceptance of our. "From day one, our goal at Red Mountain has always been Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Additionally, the companys name will stay the same, a spokeswoman said. 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. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. While Lindblad and Town Sports flaunt a Zacks Rank #1 (Strong Buy), RCI Hospitality carries a Zacks Rank #2 (Buy). Industry 376 Live Nation 816 Red Mountain Entertainment 1. Login to add posts to your read later list, Event Ticketing Resources For Secondary and Primary. Description. Resources. 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. Delayed quotes by FIS. 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. 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 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 . Live Nation Entertainment, Inc. (LYV Quick QuoteLYV - Free Report) announced its procurement of a majority stake inRed Mountain Entertainment. | Live Nation Entertainment, Inc. acquired majority stake in Red Mountain Entertainment on June 27, 2018. (RTTNews) - Live Nation Entertainment said that it has acquired a majority stake in Red Mountain Entertainment, one of the premier regional concer. - Jeremy Sharp, Sam Alfred Red Mountain Entertainment. 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. Live Nation Entertainment, Inc. (NYSE:LYV) acquired majority stake in Red Mountain Entertainment on June 27, 2018. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. In a bid to further strengthen its concert and ticketing business, Live Nation (LYV) acquires majority stake in Red Mountain. 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 . This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Live Nation acquires Alabama's Red Mountain | IQ Magazine The company's services include production of music festivals, booking and promoting of concerts, shows, beer festivals, music festivals and amphitheater projects in clubs, theatres, arenas and stadiums. 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. For additional information, visitwww.livenationentertainment.com. "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. Find tour dates and live music events for all your favorite bands and artists in your city! WhatsApp acquired by Facebook). - Marlon Burton & Graham Clews, Yellow Days Red Mountain Entertainment is a full-service concert and festival promoter based in Birmingham, Alabama. Arts & Music Festival in Richardson, TX. Some better-ranked stocks in the leisure space include Lindblad Expeditions (LIND Quick QuoteLIND - Free Report) , Town Sports International Holdings, Inc. and RCI Hospitality (RICK Quick QuoteRICK - Free Report) . Red Mountain Entertainment is a premier regional concert and festival promoter. 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.. Promoter Live Nation/Red Mountain Entertainment announced the dates on Monday. View contacts for Red Mountain Entertainment to access new leads and connect with decision-makers. 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. 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.