Live Nation buys owner of Forecastle Festival - WDRB 41 Louisville News

Live Nation buys owner of Forecastle Festival

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LOUISVILLE, Ky. (WDRB) -- The Forecastle Festival has a new owner.

Live Nation has purchased AC Entertainment. AC is the parent company of both Forecastle and Bonaroo Music and Arts Festival in Tennessee.

Live Nation already operates the Louisville Palace and the Mercury Ballroom on Fourth Street.

There's no word yet on how the deal will impact the Forecastle festival in the future.

AC Entertainment released a statement Thursday afternoon:

The partnership with Live Nation was designed to give AC Entertainment added leverage and knowledge in an increasingly competitive promoter and festival landscape. This partnership will ensure the long-term success of our world-class festival experiences and events, and Forecastle will continue to be the accessible, high-quality and high-value festival experience that fans have come to expect. The AC Entertainment team continues to be the creative, driving force behind both day-to-day operations and long-term vision of the company. No changes in company operation or direction are anticipated.

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