According to reports, Chicago concert promoter Jam Productions has been sold to a Los Angeles-based investment group for an undisclosed sum.
Jam, which operates venues such as the Vic Theatre, Riviera Theater and Park West in Chicago, recently celebrated 50 years in business as one of the largest independent producers of live entertainment in the United States. He also owns and is behind the renovation of the Uptown Theater in the Uptown neighborhood and operates The Palace in St. Paul, Minnesota. It is owned by Jerry Mickelson, who co-founded Jam in 1972 with Arny Granat, who left the company in 2019.
“It was obvious that for Jam’s business to grow it needed to be part of a network, something bigger with more locations, data analytics and intelligence as well as an effect of booking leverage,” said Jam co-founder Jerry Mickelson. “Over the years I considered all the bigger players, but there was no good match in terms of how we wanted to operate and compete.
Jam was acquired by SaveLive, a Californian group founded in 2020 and led by CEO Marc Geiger. Its announcement of the sale calls Jam “the crown jewel of the SaveLive network.” Jam and SaveLive intend to invest aggressively in the Midwest targeting small to mid-size sites in multiple cities. Emerging from the music industry’s pandemic hiatus, JAM plans to produce 450 concerts at 33 venues across the Midwest.
“It’s exciting to reinvent Jam by aligning with a national company outside of our comfort zone and built differently from ours,” Mickelson said. “We led the way and we always focused on areas of the city and groups that were just starting out. We’ve done a lot to define the modern concert industry and counting. We will continue to grow and adapt over the next 50 years with SaveLive.
Current SaveLive partners include The Alibi and the Golden State Theater in California; Beer City Music Hall, Ponyboy, Tower Theater and Criterion in Oklahoma City; and Elektricity in Pontiac, Michigan, among others. In a statement, it describes itself as founded “to bring scalable services and benefits to independent venue owners” – services including reservations, ticketing, marketing, food and beverage, technology, sales and marketing. sponsorship.
“Jam’s platform is a natural next step in building a quality independent national network,” Geiger said. “Jerry’s tenacity over the years of consolidation has been inspirational and we are thrilled to fit in and get to work.”
Geiger was also co-founder of Lollapalooza in 1991 and led the William Morris Endeavor Music Division from 2003 to 2020.