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Live Nation acquires majority stake in Emporium Presents

The great US indie roll-up continues as Live Nation buys 51% of Dan Steinberg and Jason Zink's Emporium Presents

By IQ on 01 Oct 2018

Bob Roux, Emporium Presents' Dan Steinberg

Steinberg (right) interviews Bob Roux for Promoter 101 at IEBA 2017


image © International Entertainment Buyers Association

Live Nation has acquired a 51% stake in Colorado-based promoter Emporium Presents.

Emporium – formed in June 2016 by the merger of Jason Zink’s Sherpa Concerts and Dan Steinberg’s Square Peg Concerts – is headquartered in Golden, Colorado, near Denver, and also has offices in Seattle and Birmingham, Alabama.

The deal with Live Nation sees the acquisition-hungry concert giant take a majority stake in Emporium Presents, although the company will keep its name, corporate identity and all staff. Terms of the deal were not disclosed.

Emporium becomes the latest independent US promoter to be snapped up by a major corporate this year, following Live Nation’s takeover of Wisconsin’s Frank Productions and Texas’s ScoreMore Shows shows and last week’s acquisition of PromoWest Productions by AEG Presents.

“Dan and Jason are dedicated promoters, through and through. Their industry insight and strong relationships have grown Emporium Presents into a national promoter in just a few short years, and we can’t wait to see what else they achieve now that they are part of Live Nation,” says Bob Roux, president of US concerts at Live Nation.

“Dan and Jason are dedicated promoters, through and through”

“We are looking forward to collaborating with our new partner, Live Nation, and building on what has already been a great long-term relationship between our two companies” says Steinberg.

“Our overall philosophy is to do right by the artists and do right by the fans, and everything else takes care of itself. We know Live Nation is a prime example of that,” adds Zink.

“This new partnership will present a lot of opportunities for the artists we are fortunate enough to work with.

Emporium Presents promotes more than 400 shows annually, including concerts, stand-up comedy and performances by TV personalities.

Steinberg says a knock-on effect of the acquisition is that he will step back from presenting his popular Promoter 101 podcast, given that he “may now have an inside position on things that can’t really be public, and I don’t want people to be uncomfortable about that”. Steinberg’s role as news writer/producer will be taken over by co-host Luke Pierce, with Steinberg restricting his involvement to interviewing and executive producer duties, he tells Pollstar.

 


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