Newly AEG-owned Webster Hall set to return to NYC this year
Some venues were born to stand out. Nestled inside of Manhattan’s East Village neighborhood, New York City’s legendary Webster Hall is a venue that has stood the test of time. The 131-year-old concert venue has hosted every artist from Elvis Presley and Bob Dylan to Tina Turner and Eric Clapton. But in 2017, the venue was sold to AEG Presents and Brooklyn Sports and Entertainment for the prodigious price tag of $35 million.
With the two companies taking over all operating rights, assets, and long-term lease agreements, it was truly a landmark acquisition. Now the newly renovated Webster Hall has shared an update that music fans can expect a full return in 2019. The venue will retain the booking power of Bowery Presents, a company whom AEG also has a 50 percent stake in.
All in all, AEG has the West Side’s Terminal 5, Brooklyn’s Music Hall of Williamsburg, and Webster Hall in its portfolio. The live music conglomerate also launched Panorama Music Festival on Randall’s Island in 2016, which has recently announced a hiatus due some business tensions with Live Nation’s Governor’s Ball.
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