COMBO Board Members Alex Teitz and Sheena Morgan sent a few articles that deal with the entertainment business in Colorado and elsewhere. We felt the information contained in these articles is important to musicians and hope that you will take the time to read them.
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Denver’s Historic Esquire Theatre Up For Sale After Months of Not Paying Rent
By John Wenzel, The Denver Post | Denver’s historic Esquire Theatre is for sale, despite a lengthy renovation less than a year ago by its national theater-chain operators, who have not paid rent since April.
Commercial real estate firm Unique Properties this week advertised the building for $3.3 million, describing it as “a generational asset.” The building is owned by a family LLC known as Downing Street and leased by Landmark Theatres, which also operates the Mayan, Chez Artiste and Landmark Greenwood Village theaters in the metro area.
“Like many tenants in town, they have not paid rent since April and that’s the reason why the family decided to put it on the market,” said Tim Finholm, executive vice president at Unique Properties. “And taxes are like $31,000 a year and no one knows when (movie theaters) will reopen.”
While Landmark first acquired the lease to the 9,175-square-foot building in 1980, the theater has beckoned art-house devotees and midnight movie-goers along a busy stretch of East 6th Avenue in Denver’s Capitol Hill neighborhood for more than 90 years. The Landmark first opened in the fall of 1927 as the Hiawatha Theatre, with one screen and a balcony.
Landmark’s current lease expires in 2024, according to the real estate listing. Unique Properties advertises the building as having 25-foot high ceilings, 28 parking spaces, and a new roof and interior.
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This is a developing story.
Read the rest here:
https://theknow.denverpost.com/2020/08/13/esquire-theatre-denver-for-sale/243487/
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Kroenke Sports & Entertainment Expands Its Deal With Ticketmaster
LOS ANGELES (CelebrityAccess) — Denver-based Kroenke Sports & Entertainment announced it has struck a long-term partnership with Ticketmaster to bring the company’s ticketing platform to all of KSE’s teams and venues.
The deal includes major sports team Denver Nuggets (NBA), Colorado Avalanche (NHL), Colorado Rapids (MLS), Colorado Mammoth (NLL), as well as the Pepsi Center, Dick’s Sporting Goods Park, Paramount Theater and 1STBANK Center.
The deal expands on previously announced initial one-year deal and has extended the partnership to include Ticketmaster’s digital ticketing and access control system Ticketmaster Presence.
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Read the whole story here:
https://celebrityaccess.com/2020/08/13/kroenke-sports-entertainment-expands-its-deal-with-ticketmaster/
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John Legend, Billie Eilish Among Stacked Lineup for Democratic National Convention
By Christi Carras, L.A. Times | The Democratic National Convention might just be the hottest music festival of 2020. On Friday, organizers unveiled a star-studded lineup for next week’s virtual event, which will feature performances from John Legend, Billie Eilish, Jennifer Hudson, Billy Porter, Common, the Chicks and more. Musical guests will appear at all four nights of the convention, which takes place Aug.17-20.
“It will truly be a convention across America, and these incredible artists will help us tell the story of where we are as a country today under Donald Trump’s failed leadership, and the promise of what we can and should be with Joe Biden as president,” said Stephanie Cutter, 2020 Democratic National Convention program executive.
“These artists are committed to engaging with, registering and mobilizing voters to get us over the finish line in November.”
Rounding out the announced performers are Leon Bridges, Maggie Rogers, Prince Royce, Stephen Stills and “youth choir members across America,” who will sing the national anthem. Each member of the 57-part children’s choir will represent different states and territories, performing from remote locations.
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Read the whole story here:
https://www.msn.com/en-us/news/politics/john-legend-billie-eilish-among-stacked-lineup-for-democratic-national-convention/ar-BB17XYOl?li=BBnb7Kz&ocid=mailsignout
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Membership Director Sheena Morgan posted this relevant story on our Facebook page:
Denver’s Creative and Music Industries Are Suffering Massive Pandemic Induced Losses
Denver’s creative and music industries are suffering massive pandemic-induced losses