AEG Live to acquire The Bowery Presents

AEG Live is reportedly close to completing a deal to acquire a majority stake in independent New York promoter and venue operator The Bowery Presents.

The news, reported by Billboard, comes shortly after the purchase by Live Nation Entertainment of rival concert and festival promoter Founders Entertainment, further turning the New York/east coast region into a battleground between the two promotion conglomerates and depriving the US of two more independent operations in the space of less than a month.

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