Rolling Stone/PMC acquires Life is Beautiful festival

The companies plan to expand the annual Las Vegas festival "into new territories and broaden its digital footprint"

Life is Beautiful
Life is Beautiful © Life is Beautiful

Penske Media subsidiary Rolling Stone has acquired a majority stake in Life is Beautiful, a music and arts festival held annually in Las Vegas, Nevada. The festival was founded by the late entrepreneur Tony Hsieh in 2013, in a bid to revitalise the underserved downtown Las Vegas community.

Penske Media subsidiary Rolling Stone has acquired a majority stake in Life is Beautiful, a music and arts festival held annually in Las Vegas, Nevada.

The festival was founded by the late entrepreneur…

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