AEG Live, a live music company has announced that it has acquired a stake in The Bowery Presents—a concert promotion company. This new partnership will expand both companies’ presence along the East Coast by adding more venues and being the premier promoter in New York City.
“The Bowery Presents and AEG Live share a passion and commitment to delivering the best music experiences to fans,” says Jay Marciano, chairman and CEO, AEG Live. “We look forward to working closely with them to further grow The Bowery Presents brand.”
The terms of the partnership will allow The Bowery Presents to maintain its culture while providing them increased support and investment.
“We are proud to have built this company based on our love of live music and passion for both the fan and artist experiences,” says John Moore, partner, The Bowery Presents. “The Bowery Presents is excited about all of the opportunities to grow and evolve as a company with our new partners at AEG Live. Brooklyn Steel is a perfect example of the type of venue and concert experience we will continue to deliver to fans and artists under our partnership.”