Live Nation Acquires Interest In Iconic Bonnaroo Festival
April 28, 2015 at 12:01 PM (PT)
LIVE NATION ENTERTAINMENT has partnered with SUPERFLY and AC ENTERTAINMENT for a controlling interest in the iconic BONNAROO MUSIC AND ARTS FESTIVAL.
“The addition of BONAROO builds on LIVE NATION ENTERTAINMENT’s world-leading festival portfolio of over 60 marquee festivals such as: AUSTIN CITY LIMITS MUSIC FESTIVAL, LOLLAPALOOZA, READING, LEEDS, T IN THE PARK, ELECTRIC DAISY CARNIVAL, ROCK WERCHTER and WATERSHED MUSIC FESTIVAL, just to name a few," said LIVE NATION CEO/Pres. MICHAEL RAPINO. "We continue to expand the industry's most unparalleled and scalable festival platform all while driving strong revenue and growth for LIVE NATION on a global basis. BONNAROO is another crown jewel in this festival channel strategy, one that appeals to both fans and artists in uniqueness and experience.”
“We are strengthening our commitment to create the best possible experience at BONNAROO,” said SUPERFLY co-founder RICK FARMAN. “Through this partnership with LIVE NATION, we’re even more empowered to enhance the festival while preserving the integrity of the event that we’ve thoughtfully built over the past 14 years.”
“Partnering with LIVE NATION is a milestone for BONNAROO. It opens up tremendous opportunities for us to continue to evolve the BONNAROO experience in an exciting, powerful way,” said AC ENTERTAINMENT founder ASHLEY CAPPS.
LIVE NATION now also owns a share of the BONNAROO property, GREAT STAGE PARK, also known as “THE FARM.” With LIVE NATION on board, significant investment in the site and enhancements to the festival experience are planned. SUPERLY and AC ENTERTAINMENT will continue to plan and execute the day-to-day operations of the festival and signature BONNAROO initiatives, such as sustainability efforts and involvement with the MANCHESTER community. BONNAROO’s non-profit arm, the BONNAROO WORKS FUND, will continue to be a priority.
Founded in 2002 in MANCHESTER, TN, BONNAROO is globally recognized as an iconic cultural landmark of the festival scene, heralded for its peaceful vibes, flawless operations and once-in-a-lifetime. This year's edition takes place JUNE 11th-14th with BILLY JOEL, MUMFORD & SONS, DEADMAU5, KENDRICK LAMAR, FLORENCE AND THE MACHINE and ROBERT PLANT & THE SENSATIONAL SPACE SHIFTERS topping the bill.