The popular DC music fest is now set to expand significantly.
Broccoli City's founders: Darryl Perkins, second from left, Brandon McEachern, second from right, and Marcus Allen, right. Photograph courtesy of Brandon McEachern.
Live Nation Urban announced on Friday that it has acquired significant equity stake in the DC-based music festival Broccoli City, whose founders, Brandon McEachern and Marcus Allen, are moving into executive roles at the major concert promoter. “We are not simply investing in a festival; we are investing in these amazing founders,” says Live Nation Urban president Shawn Gee in a release.
The two companies now plan to expand Broccoli City on both a national and international scale, as well as create new content and events. Earlier this year, the brand launched BLK Change Weekend, a four-day campaign aimed at promoting Black culture through mobilizing youth, companies, and community organizations.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Live Nation Urban Acquires Equity Stake in Broccoli City FestivalLive Nation Urban has acquired an equity stake in the Washington, D.C.-based Broccoli City Festival.
Read more »
Affordable rental housing on the November ballot with Oakland Measure QA measure on the ballot this November in Oakland seeks to give the city authority to develop, build, acquire or help develop up to 13,000 low-rent housing units in the city.
Read more »
Production Company Behind ‘Top Gun: Maverick’ Raises CapitalFresh off the success of “Top Gun: Maverick,” David Ellison, one of Hollywood’s wealthiest heirs, has raised a new round of capital to expand deeper into animation, videogames and sports-related programming
Read more »
BlockTower Putting $150M Crypto Fund to Work as Valuations Return ‘Down to Earth’Crypto asset manager BlockTower has a new VC arm and $150 million fund led by Thomas Klocanas, who talked DeFi, equity stakes and bear market investing. BrandyBetz reports
Read more »
Colliers (CIGI) acquires majority stake in Phoenix real estate firm Arcadia Management Group - Phoenix Business JournalThe Valley company, which will be rebranded as Colliers, was founded in 1986 as an independent firm and is now one of the leading commercial real estate property management firms with a focus on the Southwestern U.S.
Read more »
The Deals: 3tone Music Group Scores $50M Investment; Warner Music Acquires Stake in Serbia’s Mascom RecordsThe Deals: 3tone Music Group has scored a $50 million investment, Warner Music acquires a stake in Serbia’s Mascom Records, Atlantic Records partners with Record Store Day and more.
Read more »