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Live Nation Increases Foothold On Live Concerts

In January, long time Florida concert promoter Jon Stoll died from complications of brain cancer. He and wife Lori were owners of Fantasma Productions. Last week, Fantasma Productions entered into an agreement with Live Nation. Read the details of the agreement after the jump.

According to multiple news outlets, the agreement transfers to Live Nation the lease for the Pompano Beach Amphitheatre in Pompano Beach (capacity 2,900) and the lease for the Mizner Park Amphitheater in Boca Raton (capacity 3,500). The agreement also includes the Fantasma calendar of shows and two outdoor festivals.

The Live Nation portfolio in Florida already includes the House of Blues in Orlando (capacity 2,100), the Ford Amphitheatre in Tampa (capacity 19,000), Cruzan Amphitheatre in West Palm Beach (capacity 19,000) and the newly-opened Fillmore Miami Beach at the Jackie Gleason Theatre in Miami Beach (capacity 2,100).

Live Nation also announced last week that they have entered into a long-term exclusive booking agreement for the three best known venues in Asbury Park, NJ: the 1,600 capacity majestic Paramount Theater, the 3,600 capacity Convention Hall and the famous 850 capacity Stone Pony.

With these deals, Live Nation increases its stake in the live concert sector of the music industry.