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Pretty much every merger/acquisition/divestiture announcement states that things will run the same and nothing will change and status quo for personnel etc etc. Except that soon after it happens almost everything changes.
Pretty much every merger/acquisition/divestiture announcement states that things will run the same and nothing will change and status quo for personnel etc etc. Except that soon after it happens almost everything changes.
This just doesn't seem like it gives them any more power over Bonnaroo than they got when they initially bought in. And the C3 fests (other than maybe ACL) are all still in pretty good shape after LN
This just doesn't seem like it gives them any more power over Bonnaroo than they got when they initially bought in. And the C3 fests (other than maybe ACL) are all still in pretty good shape after LN
This just doesn't seem like it gives them any more power over Bonnaroo than they got when they initially bought in. And the C3 fests (other than maybe ACL) are all still in pretty good shape after LN
...have you seen a Lolla lineup lately?
I haven't noticed any significant decline in quality since the LN acquisition. 2016 isn't much worse than 2012 or 2013. The biggest problem with LN's involvement is the homogenization of all of their festivals.
Pretty much every merger/acquisition/divestiture announcement states that things will run the same and nothing will change and status quo for personnel etc etc. Except that soon after it happens almost everything changes.
This just doesn't seem like it gives them any more power over Bonnaroo than they got when they initially bought in. And the C3 fests (other than maybe ACL) are all still in pretty good shape after LN
Hey I'm not saying things will go south(er) now - I hope they don't. I am saying that you should never believe what you read in a business M&A press release.
YOU BETTER CALLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL SOMEBODY!
Greetings, fellow gutter-dwellers! Just your ol’ pal THE BIG CAPP DOGG shouting at you from our here in the streets! It was a real close call for yours truly for a minute there. Sergei sent some of his HIRED GOONS over to try and outmuscle the Smashster! Guess he didn’t count on how surgical I can get with the double-barrel! BLAM! BLAM!
We can now reveal that Capp Dogg was hiding out in Morgantown, WV at the time the above surveillance photo was taken.
No word yet on secret deals with Live Nation or the Russians.
I haven't noticed any significant decline in quality since the LN acquisition. 2016 isn't much worse than 2012 or 2013.
Stop.
Kendrick, Radiohead, St Vincent, Black Star, Flying Lotus, Battles, Sbtrkt, Bon Iver, & Wilco, Wutang, Xx, Foals, Bjork, Four Tet, Tame Impala, Grizzly Bear >>>>>>>>>>>>>> Lcd, Kamasi
The problem is they are just following the trend of filling their lineups with interchangeable, generic crap. Those redundant sets by RHCP, Avetts, and 21pilots weren't really an issue 12/13. If we're passed the point of getting legend sets at festivals, at least give me an undercard with some substance.
Last Edit: Oct 31, 2016 17:26:22 GMT -5 by Deleted - Back to Top
So here's what I am trying to figure out that the article is garbage to explain...
- A year+ ago Live Nation bought a majority stake in Bonnaroo from AC Entertainment, leaving a significant portion of ownership (but a minority) with AC - This year they buy a majority of AC (and likely all voting shares - meaning Ashley & some folks get some meaningful but nonvoting percentage of ownership/revenue) - Does this mean they effectively own 100% of Bonnaroo now?
Point being, this allows them rake in a far higher share of the profits from Roo without splitting it up. It also means they have way more of the financial stress in down years... which brings me to the last point: this also allows them to change anything at Roo without Capps & co. stopping them.
Sure, it also allows them to massage a much larger geographic area (and festivals, etc.) to create a larger regional dominance - but I can't believe they're spending all of this money to get a stranglehold on Knoxville (no offense to Knox and ChattaVegas, it's just that is a PR line this article took the bait on).
I'm not trying to be doom and gloom, just wanted to work some of this out on paper.
Sure, it also allows them to massage a much larger geographic area (and festivals, etc.) to create a larger regional dominance - but I can't believe they're spending all of this money to get a stranglehold on Knoxville (no offense to Knox and ChattaVegas, it's just that is a PR line this article took the bait on).
Buying an existing brand which has strong regional ties is the easiest way for LN to grab a market share of that region. Simple as that. Now they can tell their sponsors how much more exposure they can provide them over the south/southeast. It's the festival equivalent of the Big 10 bringing in Rutgers just to get some NYC TV money.
Buying an existing brand which has strong regional ties is the easiest way for LN to grab a market share of that region. Simple as that. Now they can tell their sponsors how much more exposure they can provide them over the south/southeast. It's the festival equivalent of the Big 10 bringing in Rutgers just to get some NYC TV money.
Oh I get that - and I'm not saying it's not a reason - I'm saying it's PR spin to make this sound like the primary reason. I'm just pointing out it's lazy reporting that Billboard didn't point out that LiveNation now effectively owns Roo (plus the farm land/site) and Forecastle and made it sound like booking shows in Knoxville and Chattanooga were the promised land. (There just aren't the numbers there for sponsors to flash a smile about - it's the numbers Roo pulls in from everywhere else other than TN to make it the 4th largest city in the state each year that makes sponsors sit up; it's events first, venues second - LiveNation has been making purchases along those lines the last three years.)
I was reminded in another discussion that AC was LiveNation's biggest competition in Nashville - that's a huge move for them there (way bigger than Knox/Chatta).
