Entertainment monolith AEG up for sale

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AEG
Uh-oh. First came speculation that he's interested in either buying or competing with the Gazette. Now comes an announcement that Denver billionaire Philip Anschutz is looking to sell AEG, the insanely large entertainment company that books Red Rocks, puts on Coachella and the New Orleans Jazz & Heritage Festival, and happens to be the largest owner of sports teams and venues in the world.

(Closer to home, his Anschutz Company — not for sale, sorry — owns the Broadmoor Hotel and the Manitou & Pikes Peak Railway Co.)

In case the AEG offering doesn't make it onto Craigslist, here's a list of whats up for grabs, as detailed in a company statement posted yesterday evening. Happy bidding!

The Anschutz Company and AEG, a wholly owned subsidiary of the Anschutz Company, today announced that the Anschutz Company is commencing a process to sell AEG. AEG is one of the most highly regarded worldwide live entertainment and sports platforms, anchored by a unique real estate model that has brought about a transformational effect on major cities throughout the world ...

Among AEG’s world class assets are:

• Unparalleled real estate assets, including the L.A. LIVE campus anchored by the Staples Center and Nokia Theater in Los Angeles and The O2 in London, which strategically position AEG in the world’s most important cities for entertainment and music. Additionally, AEG owns and operates “must-play” venues in major entertainment hubs, welcoming over 42 million fans annually to a network of more than 100 arenas, stadiums and clubs in countries on five continents;

• AEG’s ownership interests in a number of the world’s most storied sports franchises and their related brands, including the 2012 Stanley Cup Champion Los Angeles Kings, the David Beckham-led L.A. Galaxy and the 16 times World Champion Los Angeles Lakers that deliver dedicated fan bases to sponsors and partners; and

• AEG Live, which produces top tours, festivals and special events, including the acclaimed Coachella Music & Arts Festival, Stagecoach and New Orleans Jazz & Heritage Festival. AEG Live encompasses all aspects of live contemporary music performance, such as touring, festival, broadcast, merchandise and special events, and owns, operates or exclusively books 35 venues.

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