AEG Live

Bowery Ballroom and Mercury Lounge No Longer Bowery Presents Venues; Live Nation Rumored to Take Over

Posted August 3, 2017 at 5:09 am

It’s a breakup that many in the industry saw coming. Bowery Presents, mere months after being gobbled up by AEG Live, parted ways with its two marquee Lower East Side venues – Bowery Ballroom and Mercury Lounge. For two decades, these two rock clubs were synonymous with the Bowery Presents empire. Not anymore, as Brooklyn […]

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Webster Hall Sells for $35M to AEG Live and Barclays Center Ownership [Updated]

Last modified April 5, 2017 at 12:50 pm

Webster Hall sold out. The Ballinger family, which owned and operated the concert hall (formerly The Ritz) for the last twenty-seven years, sold the business to a partnership consisting of AEG Live and owners of the Barclays Center (aka Brooklyn Sports Entertainment). According to the New York Post, the deal was valued at roughly $35 […]

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Streets

Report: Bowery Ballroom and Mercury Lounge Excluded from Blockbuster Bowery Presents-AEG Deal

Posted January 31, 2017 at 5:12 am

It’s official – AEG Live has reportedly acquired a fifty-percent stake in hometown heroes Bowery Presents for an estimated $40 million. News of negotiations first broke last year, and was the worst-kept secret in the business. However, AEG and Bowery Presents broke their collective silence on the transaction in a New York Times article yesterday. The […]

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Report: Bowery Presents is Acquired by Concert Behemoth AEG Live

Posted April 21, 2016 at 5:12 am

Everything on the Lower East Side is getting sold out. This next one cuts deep, and is a blow to what’s left of the neighborhood music scene. Unlike many of the artists its venues promote, Bowery Presents is itself no longer an indie. The hip Lower East Side-based promotion company was just scooped up by […]

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