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Majority Stake In Las Vegas Firm Base Entertainment Acquired By Longtime CEO Mark Maluso From Parent LiveCo
Mark Maluso, longtime CEO of Las Vegas firm Base Entertainment, acquired a majority stake in the company from private equity-backed parent LiveCo.
LiveCo, led by CEO Chuck Steedman, is more focused on live music, which has its own financial structure and differs from general entertainment. In the official announcement, Maluso described the deal as helping Base Entertainment “return to our roots, starting with the pursuit of new and developing work. Las Vegas, long known for music residencies and song-and-dance revues performed in traditional theaters, has added a host of other lures for tourists.
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