Live Nation Adds Governors Ball to Its Music Festival Lineup

With this year’s music festival season starting up, there is another jewel in the crown of Live Nation Entertainment, the company that has come to dominate live music through its concert and ticketing businesses. To its collection of top festivals like Lollapalooza, Electric Daisy Carnival and Bonnaroo, it has now added Governors Ball in New York.

On Friday, Live Nation completed a deal to acquire a majority stake in Founders Entertainment, the parent company of Governors Ball, which was started in 2011 by a group of young promoters and has since beaten the odds by taking root in New York’s difficult market.

By its own count, Live Nation controls or operates four of the top five pop festivals in North America, and 13 of the top 25 around the world and feels it still had room to grow.

Read more at nytimes.com