Concert Promoter House of Blues Seeks Investors

House of Blues, the nation’s second-largest concert promoter, has been seeking investors to ward off a cash crunch as it tries to expand. The company last year aborted a planned stock offering to raise $100 million. Since then, the company has held negotiations with industry consolidator SFX and discussed joint-venture deals with Beverly Hills-based Concerts West, owned by billionaire Philip Anschutz, and New York’s Metropolitan Entertainment Group.