Goldenvoice President Paul Tollett told The Desert Sun’s Bruce Fessier the Los Angeles-based promoter of the Coachella and Stagecoach festivals wouldn’t be affected if parent company Anschutz Entertainment Group changes hands.
Anschutz Co., based in Denver, is looking to sell AEG, The Associated Press reported.
UPDATE: A Los Angeles billionaire has already emerged as a potential buyer.
Coachella goes political — again.
The storm over “Will an Indio tax proposal prompt Goldenvoice to pack its bags?” seems to have finally calmed down.
But now there’s a new story making the rounds on the social media networks: ThinkProgress.com is reporting that the “corporate executives” behind brands like Coachella are among those bankrolling “right-wing attack ads”:
That’s because many of the country’s most common brands are run by rich conservatives who are using their personal wealth to bankroll outside spending groups that are running attack ads smearing progressives.
From Marriott Hotels to Brawny paper towels, and from the Los Angeles Lakers to the Coachella music festival, corporate executives at these organizations have given millions of dollars to groups like Mitt Romney’s Super PAC Restore Our Future.
They cite the festival’s affiliation with AEG, whose parent company Anschutz Corporation is run by billionaire Philip Anschutz.
Other brands that made the cut? Dixie, Gold’s Gym, L.A. Lakers and — my personal favorite — Angel Soft.