NGHT News .24 NIGHTCULTURE INC Symbol U : NGHT R
Post# of 144521
NGHT News .24 NIGHTCULTURE INC
Symbol U : NGHT
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New York Times Issues Electronic Music Industry News; A Concert Mogul Is Betting on Electronic Dance Music
2012-06-07 09:35 ET - News Release
HOUSTON, June 7, 2012 /PRNewswire/ -- NightCulture Inc. (OTCBB: NGHT), America's first Electronic Music publicly traded company, would like to share with its shareholders an article from the New York Times published yesterday June 6, 2012.
The article is titled, "A Concert Mogul Is Betting on Electronic Dance Music" by Ben Sisario
The man who corporatized the concert industry is back, and he wants to dance. Robert F. X. Sillerman, the media executive who transformed the live music business in the 1990s by combining regional concert promoters into the nationwide powerhouse that became Live Nation, has returned to the business with the first of what he expects will be a string of investments in electronic dance music, the industry's latest trend.
Echoing his strategy in the concert business, Mr. Sillerman is pursuing independent companies that put on dance festivals, D.J. parties and other events where the crowds might range from a few hundred people to tens of thousands. He said in an interview on Monday that his first acquisition was Disco Productions.
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