AEG Live, the entertainment conglomerate that, among its many ventures, owns part of the Los Angeles Lakers and books the massive Coachella Valley Music & Arts Festival, has acquired Rams Head Live, according to a press release.
A quote in the release from Rams Head managing partner Bill Muehlhauser states that discussions had taken place for nearly a year.
"We are excited to have AEG continue our goal of putting Baltimore on the music map," he went on to say. "While it is bittersweet to say goodbye to a facility we built from the ground up, we are excited for our team members who will begin their next chapter as AEG employees."
AEG Live lists on its website 33 clubs and theaters among its holdings, including the Best Buy Theater in New York, the El Rey Theatre in Los Angeles, and the Mann Center for the Performing Arts in Philadelphia.
An article on the deal in industry publication PollStar reports I.M.P., the booker for Rams Head Live, Merriweather Post Pavilion, and 9:30 Club, will continue to bring talent to the club, and that Bill Reid will run the venue from AEG Live's Mid-Atlantic office.
I.M.P. chairman and 9:30 Club co-owner Seth Hurwitz told Pollstar: "I'm looking forward to working with AEG and Bill Reid. I've known him forever and he's obviously a great promoter. He called me right after it went down and we were both super excited about all the possibilities of how to make this a great situation."
Samantha Silverman, the marketing director for Rams Head Group who now holds that title with AEG Live, says the name Rams Head Live will remain. Terms of the deal were not disclosed.
It will be interesting to see if the combined clout of AEG Live and I.M.P. will bring bigger acts to town. Before Rams Head Group and I.M.P. reached a deal on booking in 2008, as former Sun reporter Sam Sessa pointed out in a post reporting the two had joined forces, "Muehlhauser accused Hurwitz of using his influence to keep high profile shows out of Baltimore."