The Paramount, recently sold to Live Nation, has been a top venue on Long Island for years. Singer-songwriter and guitar great Jonny Lang was one name to take the iconic stage.
Photo by Arien Dijkstra
The Paramount is a staple of the Long Island entertainment industry. Now it hopes to continue that legacy — but under new ownership by Live Nation.
In 90 days, The Long Islander reported, full ownership of the venue will be transfered to entertainment giant Live Nation. Its staff will be retained, though the main stage and the VIP Founders Room, as well as the Spotlight Bar and Ella’s restaurant, both located immediately adjacent to the theatre, will be transferring ownership.
“This strategic transaction ensures that The Paramount’s mission of delivering top-notch live entertainment to its loyal patrons will continue to thrive under the new ownership,” owners said in a statement to the paper, adding that they are “thrilled” the stage will be able to cotninue its great legacy under new ownership.
The Huntington stage was originally founded in 2011 by partners Dominick Catoggio, Jim Condron, Brian Doyle, and Stephen Ubertini. It quickly rose to the top of the entertainment scene, featuring acts like Billy Joel, Ed Sheeran, Pitbull, Willie Nelson, Snoop Dog, Elvis Costello, Steely Dan, Lauryn Hill, Kevin James, Sebastian Maniscalco and so many more.
Live Nation had been the venue’s booking partner, and had a hand in bringing those big names to the Huntington stage. Now, small business’ partners announced, the venue will be sold entirely to the company.
Live Nation’s aquisition of the Long Island staple comes hot on the heels of other purchases. Bell House and the Brooklyn Paramount are two other small businesses the entertainment corporation has taken over within the past year.
The corporation and its subsidary, Ticketmaster, was sued by the U.S. Justice Department earlier this year for allegedly being a monopoly that “thwarts competition in markets across the entertainment industry.” The lawsuit is ongoing.
To see what’s coming next to the venue, visit ParamountNY.com.
