Live Nation Inc. said Wednesday that it has entered into an agreement to acquire the majority of the live music assets of late Florida concert promoter Jon Stoll's Fantasma Productions.
The acquisition includes two outdoor venues and two outdoor festivals. Lori Stoll, widow of Jon Stoll, will retain an interest in the company and will have a senior position in Live Nation's Florida office, the Beverly Hills-based live entertainment venue operator said in a statement.
Included in the deal are the leases for Pompano Beach Amphitheatre and Grounds in Pompano and Mizner Park Amphitheater in Boca Raton, which have capacities of 2,900 and 3,500, respectively.
In Florida, Live Nation already holds interests in the House of Blues in Orlando, the Ford Amphitheatre in Tampa, Cruzan Amphitheatre in West Palm Beach, and the Fillmore Miami Beach at the Jackie Gleason Theatre in Miami.
Shares in Live Nation were down 2 percent to $10.79 in early trading Wednesday on the New York Stock Exchange.
For reprint and licensing requests for this article, CLICK HERE.
Stories You May Also Be Interested In
- Live Nation Makes Big Move into Europe
- Live Nation to Sell Tickets at Costco
- Live Nation Inks Virtual Reality Deal
- Concert Producer Still Sees Sound Stage at Closed Site
- Live Nation Takes Stage for New Act
- Live Nation Sells Division
- Live Nation Ups Stakes in Swedish Concert Promoters
- House Of Blues Seeks a D.C. Home