Majority Stake In Las Vegas Firm Base Entertainment Acquired By Longtime CEO Mark Maluso From Parent LiveCo
deadline.comEXCLUSIVE: Mark Maluso, longtime CEO of Las Vegas firm Base Entertainment, has acquired a majority stake in the company four years after selling it to private equity-backed parent LiveCo.
Base develops, creates, promotes and manages live entertainment productions in Las Vegas and elsewhere. Its roster includes Criss Angel Mindfreak at Planet Hollywood Resort & Casino and Magic Mike Live Las Vegas at Sahara Las Vegas.
Past productions in Las Vegas have included Particle Ink at Luxor Hotel & Casino, Absinthe at Caesars Palace, Jersey Boys at the Palazzo and Phantom – The Las Vegas Spectacular at the Venetian.
Financial terms were not disclosed. LiveCo, led by CEO Chuck Steedman, is more focused on live music, which has its own financial structure and differs from general entertainment.
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