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Live Nation Entertainment buys controlling stake in Bonnaroo festival
Live Nation Entertainment buys controlling stake in Bonnaroo festival

Concert giant Live Nation Entertainment says it has bought a controlling stake in the Bonnaroo Music and Arts Festival, adding another major event to its portfolio that includes 60 festivals around the world.  Beverly Hills-based Live Nation last year took a majority stake in C3 Presents, the company behind the Austin City Limits Music Festival and Lollapalooza. In 2013, the company bought a stake in the rave festival Electric Daisy Carnival.  Bonnaroo, the Manchester, Tenn., indie music event that last year attracted more than 90,000 attendees, was founded in 2002 by the companies Superfly and AC Entertainment, which will continue to run the festival's day-to-day...

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