menu Home chevron_right
Uncategorized

Live Nation Acquires Majority Stake in LIV/Story Owner, Groot Hospitality

Deep in the Bass Clouds | October 23, 2019
live-nation-acquires-majority-stake-in-liv/story-owner,-groot-hospitality

One of the world’s leading entertainment companies, Live Nation Entertainment announced its latest acquisition yesterday. It has acquired a majority stake in Groot Hospitality, originally held by Miami nightlife king David Grutman. This strategic move allows Live Nation to tap into Grutman’s expertise in order to elevate and launch offerings across a wider host of venues, festivals and events. Grutman will remain CEO post acquisition, joined by executives Chris Cuomo and Mo Garcia.

Founded in 2018, Groot Hospitality holds many successful ventures under its portfolio, ranging from restaurants to nightclubs. These include LIV (2009), Story (2012), Komodo (2015), OTL (2017) and Planta (2018). It had also recently developed Swan and Bar Bevy (2019), both developed jointly with Pharrell Williams. With the goal of providing guests the “best possible experience,” Groot Hospitality aims to unveil new projects in Miami, Las Vegas, Dallas & Dubai in the coming year.

In a press release, Grutman shares: “Entertainment is the DNA of Groot Hospitality, so it was a natural fit for us to join the leading live entertainment company. Live Nation shares my passion for creating once in a lifetime experiences and together we will grow our portfolio worldwide while pushing the limits of fans’ expectations.

The post Live Nation Acquires Majority Stake in LIV/Story Owner, Groot Hospitality appeared first on EDMTunes.

Written by Deep in the Bass Clouds

Comments

This post currently has no comments.

Leave a Reply





  • play_circle_filled

    01. Blast Em
    Qwyattbeats

  • play_circle_filled

    02. Tears of an Angel
    Brightwing

  • play_circle_filled

    03. Descent
    Qwyattbeats

  • play_circle_filled

    04. Breach Jack (Brightwing Remix)
    Brightwing

  • play_circle_filled

    05. Yurei
    Brightwing

  • play_circle_filled

    06. Force
    Qwyattbeats

  • cover play_circle_filled

    01. Distorted Lovers
    Brightwing

    1.29
  • cover play_circle_filled

    02. Gaijin Dub
    Brightwing

    1.29
  • cover play_circle_filled

    03. Tribal Secrets
    Brightwing

    1.29
  • cover play_circle_filled

    04. Pazuzu's Temple
    Brightwing

    1.29
play_arrow skip_previous skip_next volume_down
playlist_play
BASSCLOUDS RISE TO THE TOP
NEVER MISS A SHOW
SIGNUP NOW!
WIN VIP TICKETS, get 
EXCLUSIVE DEALS
, 
PRESALES

SO MUCH MORE!
JOIN TODAY
close-link