LOS ANGELES and NEW YORK, Jan. 30, 2017 /PRNewswire/ -- AEG Live, a wholly owned subsidiary of AEG, and one of the largest live music companies in the world, and The Bowery Presents, the premier concert promotion and venue management company in the Northeast with venues in New York, Philadelphia, Boston, Maine and Alabama, along with its principal partners Jim Glancy and John Moore, today jointly announced that AEG Live has acquired a stake in The Bowery Presents.
The partnership expands AEG Live's and The Bowery Presents' presence throughout the East Coast, increasing the number of venues under their purview and becoming the #1 concert promoter in New York City. The deal with The Bowery Presents is a natural bookend to the Goldenvoice brand, the force behind the Coachella Valley Music and Arts Festival and Desert Trip, which AEG Live operates in Southern California.
Glancy and Moore, along with AEG Live's Senior Vice President of the Northeast Region Mark Shulman, will oversee all of The Bowery Presents' operations, including the partnership's newest venue, Brooklyn Steel, located in East Williamsburg, Brooklyn, as well as venues from the Gulf Coast to Maine, such as Terminal 5 and Music Hall of Williamsburg in New York City, The Sinclair in Boston and Union Transfer in Philadelphia. The Bowery Presents books, produces and promotes more than 2,500 events annually.
The agreement allows The Bowery Presents to stay true to its entrepreneurial culture and provides the support and investment to continue to drive growth and innovation and expands its venue partnerships.
Jay Marciano, Chairman and CEO of AEG Live, said, "The Bowery Presents and AEG Live share a passion and commitment to delivering the best music experiences to fans. Jim and John have built an incredibly respected organization with a proven track record of success and we are pleased that they chose to partner with us. We look forward to working closely with them to further grow The Bowery Presents brand."
"We are proud to have built this company based on our love of live music and passion for both the fan and artist experiences," said John Moore, partner at The Bowery Presents. "The Bowery Presents is excited about all of the opportunities to grow and evolve as a company with our new partners at AEG Live. Brooklyn Steel is a perfect example of the type of venue and concert experience we will continue to deliver to fans and artists under our partnership."
"We are excited to join forces with the like-minded innovators that make up the AEG Live family," said Jim Glancy, partner at The Bowery Presents. "When we started looking at how AEG Live has partnered with other independent promoters, it gave us the confidence that AEG Live will allow us to not only run The Bowery Presents autonomously and stay true to our entrepreneurial spirit, but increase our reach within our existing markets and expand our horizons for future growth. Bands and audiences can continue to expect the same music-first experience we're known for providing."
About AEG Live
AEG Live is one of the largest live music companies in the world. The company is dedicated to all aspects of live contemporary music performances, including producing and promoting global and regional concert tours, music events and world-renowned festivals. AEG Live operates in North America, Europe and Asia through 16 regional offices that support its tours which include such artists as Taylor Swift, Paul McCartney, The Rolling Stones, Justin Bieber, Katy Perry and Kenny Chesney; produce or support over 25 music festivals, including the iconic Coachella Valley Music & Arts Festival; and owns, manages or books more than 60 clubs and theaters. AEG Live presents more than 8,000 shows annually worldwide and conducts business under such globally renowned brands as AEG Live, Goldenvoice, Concerts West, Messina Touring Group, Marshall Arts LTD, and Madison House Presents. For more information, visit www.aeglive.com.
About Bowery Presents
The Bowery Presents is the leading New York City-based independent concert promoter, whose mission is to bring the best artists to the New York City metropolitan area and venues spanning from Maine to the Gulf Coast, while providing the best concert experience for both fans and artists. Pollstar recently ranked The Bowery Presents in the top ten promoters in North America (2015). Since its inception, The Bowery Presents has been a purveyor of true artist development and consistently strives to work with artists like My Morning Jacket, Mumford & Sons, Sam Smith, and LCD Soundsystem grow from performing in intimate clubs to performing in sold-out arenas. As a trusted industry tastemaker, The Bowery Presents produces dynamic entertainment experiences at dozens of venues nationally, presenting more than 2,500 shows per year.
Michael Roth, AEG
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SOURCE AEG Live