By JOHN DALY
Live Nation Entertainment has acquired Spaceland Presents, the owner of the Echo, Echoplex and The Regent Theater, it was announced.
The multi-million dollar deal also includes the purchase of Spaceland’s L.A.-area real estate, including the venues Echoplex and The Echo, sources said. For years, Spaceland Presents has been regarded as the premiere independent promoter and operator of venues focused on emerging music in Los Angeles.
Mitchell Frank’s Spaceland Presents produces and books talent for over 1,200 concerts and events yearly, according to a release. The promoter is known for also using local landmarks as the backdrop to live musical performances including concerts at Santa Monica Pier, the Los Angeles Natural History Museum and Echo Park.
Spaceland Presents, the operator L.A. venues also including The Regent Theater, brings hundreds of local and national acts to Echo Park and downtown each year. These popular indie venues will join Live Nation’s portfolio of properties in SoCal including The Wiltern, Palladium, Observatory, Ventura Majestic Theatre, Soma, Fox Riverside and others.
“Live Nation brings added know-how, extensive resources, and worldwide experience to help expand Spaceland’s growth,” said Frank. “It will substantially increase our bandwidth and support our ability to continue to advocate and promote the artists and music we care about through live music.”
No layoffs were expected, Frank said.