This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Live Nation Entertainment Sells Foxwoods Theatre

LOS ANGELES , May 20, 2013 /PRNewswire/ -- Live Nation Entertainment, Inc. (NYSE: LYV) reported today that it successfully completed the sale of the historic Foxwoods Theatre to Lyric Theatre, LLC, a subsidiary of Ambassador Theatre Group (ATG).

"We have been working to realign our assets, and when it became clear to us that the Foxwoods Theatre would not figure prominently in our plans for the future, we turned our focus to finding the right buyer for this landmark theatre. We know the Foxwoods Theatre will be in good hands with ATG, a company with a sterling reputation in the theatrical world," said Michael Rapino, president and chief executive officer of Live Nation Entertainment. "We will continue to focus on delivering great live music to fans and expand those offerings through accretive investment opportunities in electronic dance music (EDM), festivals and international assets."

With an impressive collection of theatres through out the United Kingdom, the Foxwoods Theatre will become the 40 th theatre in the ATG portfolio and their first theatre in the United States. Ticketing for the Foxwoods Theatre will continue to be provided by Ticketmaster.

About Live Nation Entertainment:

Live Nation Entertainment is the world's leading live entertainment company comprised of four market leaders: Ticketmaster.com, Live Nation Concerts, Artist Nation Management and Live Nation Media/Sponsorship. For additional information, visit www.livenation.com/investors .

SOURCE Live Nation Entertainment

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,094.42 +56.45 0.31%
S&P 500 2,111.67 +2.75 0.13%
NASDAQ 5,053.6140 -6.6320 -0.13%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs