“We’re all looking forward to the next several years together.”
-Dennis Arfa, CEO
Yucaipa Companies’
newly formed music and entertainment vehicle, Y Entertainment Group LLC has
acquired the leading music booking agency Artist Group International
(AGI). AGI’s client list includes Linkin
Park, Motley Crue, Metallica, and Hollywood Dead among others. The announcement was first reported by
Deadline New York.
Dennis Arfa founded
AGI 25 years ago and will continue to spearhead the agency as CEO. AGI is rated among the top five music
agencies in the business according to Billboard Boxscore and has been and has
been up for the Billboard Touring Awards Top Agency award several times.
According to Arfa
the entire New York based AGI staff will remain intact and will continue to run
independently under the new found ownership.
He declined to divulge the sale price to Billboard.biz.
Rick Stevens,
longtime entertainment, management executive and investment banking CEO, will
head Y Entertainment Group LLC.
What will their
strategy be under their new ownership?
Let’s see what the future holds.
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