Powerhouse entertainment company Live Nation has officially acquired The Paramount, a 1,555-seat venue in downtown Huntington, New York. This vibrant two-story venue, which opened its doors in 2011, is known for its nightclub scene and has featured many legendary artists including Billy Joel, Tom Petty, Johnny Depp, Pitbull and UB40
The Paramount was transformed from a former intermedia arts center by its founders—Brian Doyle, Dominic Catoggio, Jim Condron and Stephen Ubertini—who successfully revitalized the space as a premier live music venue by 2023 in 2010, according to a Long Island Arts Alliance study , the venue has made a significant contribution to local arts and entertainment, generating nearly $330 million for the local economy
As part of the acquisition, the existing team at The Paramount will retain their position in the management of Live Nation. While the exact terms of the agreement were not disclosed, the forum partners expressed satisfaction with the changes. In a statement to The Long Islander, they said, “We are thrilled that The Paramount will manage the venue and continue its great legacy with Live Nation.” They also said that after 13 years of partnership, Live Nation was the best choice to take the venue to its next chapter.
The acquisition comes as Live Nation announced a new seasonal open-air concert series set to make its debut in Toronto, Ont., in 2025. The project, which was renamed Rogers Stadium, has the community has already protested
Every time Live Nation unveils a new venue, concertgoers are concerned about the company’s perceived monolithic practices. For example, in Portland, Oregon—a city without a Live Nation-owned venue—music fans have expressed concern if the band could have a negative impact on the local indie scene and survive for new live music located in downtown Ottawa -The National Capital Commission has faced backlash after announcing a lease agreement with Nation Canada
The acquisition of The Paramount and other recent developments come amid an ongoing investigation into Live Nation, which is currently embroiled in an antitrust lawsuit filed by the Justice Department against 39 states and the District of Columbia in the 1990s.The acquisition comes as Live Nation announced a new seasonal open-air concert series set to make its debut in Toronto, Ont., in 2025. The project, which was renamed Rogers Stadium, has the community has already protested
Every time Live Nation unveils a new venue, concertgoers are concerned about the company’s perceived monolithic practices. For example, in Portland, Oregon—a city without a Live Nation-owned venue—music fans have expressed concern if the band could have a negative impact on the local indie scene and survive for new live music located in downtown Ottawa -The National Capital Commission has faced backlash after announcing a lease agreement with Nation Canada
The acquisition of The Paramount and other recent developments come amid an ongoing investigation into Live Nation, which is currently embroiled in an antitrust lawsuit filed by the Justice Department against 39 states and the District of Columbia in the 1990s.
