Live Nation Buys Major Stake In Bonnaroo Music Festival
The Live Nation events company continues to make strides in securing a sizable hold on the festival market. After becoming co-owners of such events as EDC, Lollapalooza and Austin City Limits, Live Nation adds another huge festival to its ensemble. AC Entertainment and Superfly announced that Live Nation now owns a major stake in the Bonnaroo Music & Arts Festival in Tennessee.
The stake includes acquisition of the festival's venue, located at the Great Stage Park, or "The Farm" as attendees dubbed it over the event's 13-year run. While the specific ownership details have yet to be divulged, AC Entertainment and Superfly claim that Live Nation will be working to invest in the festival's site and improving the campgrounds as AC Entertainment and Superfly continue to organize day-to-day festivities.
Bonnaroo runs on June 11-14, 2015. Check out the 2014 recap video below: