Live Nation planning Bonnaroo take-over?

LIVE NATION Entertainment (LNE), which bought a controlling interest in the 80,000-capacity, multi-day Bonnaroo Music & Arts Festival  in 2015, is understood to have plans to exercise a buy-out clause to purchase the rest of the event from co-founder Rick Farman of Superfly Entertainment. 

Along with Superfly, Bonnaroo was co-founded in 2002 with Ashley Capps of AC Entertainment, which LNE acquired a year later, giving it a controlling interest in the Manchester, Tennessee event.

Next year’s festival will be produced by AC Entertainment and C3 Presents, which LNE purchased in 2014.

This year’s sell-out 13-16 June event featured Phish, Childish Gambino, Post Malone and Cardi B.

LNE declined to comment when approached by Audience.