Live Nation also owns ticketing giant Ticketmaster. In prepared remarks, he described the sale to Live Nation as the natural next step in the relationship between the two companies. “This new working relationship with AC will offer exciting synergies that will enable us to continue to grow both of our businesses together in the coming years."Ĭapps, who launched AC 25 years ago, expressed pride at the company's success. “Ashley and his amazing team have created an impressive roster of live events and developed a strong network and regional expertise that will complement Live Nation’s festival and concert portfolio,” said Bob Roux, Live Nation’s Co-President, North American Concerts. Live Nation has booking agreements in place at Ascend Amphitheater, Municipal Auditorium and the Carl Black Chevy Woods Amphitheater at Fontanel. Live Nation launched a failed bid to buy the two clubs last year, and mid-sized venues in Music City have expressed concern that the live event behemoth is expanding here. We are aware of the AC/Live Nation purchase and are currently evaluating all options in order to continue providing high quality and affordable concert experiences to Nashvillians for years to come." "The continued conglomeration of the live music biz is a scary thing," said Chris Cobb, who co-owns both Nashville venues. "At the end of the day, MMW & Exit/In are wholly owned by 2 guys who live in & love Nashville & its music community. A Live Nation spokeswoman said that relationship would continue. The company also books, and/or operates Chattanooga venues the Tivoli Theatre, Soldiers and Sailors Memorial Auditorium, Track 29 and the Revelry Room.ĪC Entertainment is the talent buyer at Nashville's Marathon Music Works and the preferred buyer at Exit/In. In Knoxville, AC Entertainment counts the Bijou Theatre, the Tennessee Theatre and the Mill & Mine among its venues. AC Entertainment CEO and founder Ashley Capps will remain in charge of the company. The two companies went into business a year ago when Live Nation purchased a controlling stake in the Bonnaroo Music and Arts Festival. Live Nation has purchased Knoxville-based live music company AC Entertainment, which operates or books prominent venues across Tennessee.
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