Hi there! Thank you for including the announcement about CAFTA. I wanted to notify you of a few corrections and updates.
Colorado Lawyers for the Arts (CoLA) is no longer in existence. Their website used to actually send people to Colorado Attorneys for the Arts (CAFTA). Now, it is a site of video games. Very confusing and not useful. We created CAFTA because CoLA stopped serving clients.
Colorado Attorneys for the Arts (CAFTA), a new program of Colorado Business Committee for the Arts (CBCA), is a legal referral service that pairs volunteer attorneys with qualified individual artists, creative businesses and cultural nonprofits to receive free legal assistance. CAFTA assists with arts-related legal matters, such as negotiating a lease for a studio, gallery or performance contracts, registering trademarks and copyrights, and business incorporation. Visit www.coloradoattorneysforthearts.org to learn more and apply for free assistance.
Thanks!
Meredith Badler
Colorado Business Committee for the Arts
http://www.cbca.org
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AEG CLOSER TO SEIZING NEW YORK CONCERT INDUSTRY WITH BOWERY DEAL
The booming concert industry, already dominated by two corporate powers, is getting even more consolidated.
AEG Live, the second-largest company in the global concert business, is close to completing a deal to acquire a majority of The Bowery Presents, an independent promoter in New York, according to two people with direct knowledge of the negotiations who spoke on the condition of anonymity.
If completed, the deal would give AEG — whose portfolio already includes the Coachella festival and major arenas like Staples Center in Los Angeles — a powerful foothold on the East Coast. The Bowery Presents puts on dozens of shows each month in clubs such as Terminal 5 and the Music Hall of Williamsburg in New York, as well as at major sites such as Madison Square Garden, where in September it will present six concerts by Adele.
Concert industry executives said that the deal would effectively turn the New York market into a battleground between AEG and Live Nation Entertainment, the industry’s biggest power. The two companies have long dominated the global touring business but have had somewhat limited roles in New York. AEG controls the PlayStation Theater near Times Square, and Live Nation has clubs including Irving Plaza and the Gramercy Theater, along with amphitheaters like Jones Beach.
This month, Live Nation also bought the promoters behind the Governors Ball festival, an annual event on Randalls Island. This summer, AEG — which is privately owned and is controlled by the billionaire investor Philip F. Anschutz — will put on a competing festival, Panorama, at the same location. [AEG has a strong live entertainment presence in Denver.]
AEG and The Bowery Presents declined to comment. News of an imminent deal between the companies was first reported by Billboard.
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A version of this article appears in print on April 21, 2016, on page B2 of the New York edition with the headline: AEG Live Said Close to a Deal in New York.
By Ben Sisario
Read the whole article at…
http://www.nytimes.com/2016/04/21/business/media/aeg-closer-to-seizingnew-york-concert-industry-with-bowery-deal.html?_r=1