
The Deals: Coachella Promoter Bringing âLarge-Scaleâ Music Festival to Santa Monica; Marc Cuban Invests in âEmo Nightâ Producer
The Deals: Coachella Promoter Bringing âLarge-Scaleâ Music Festival to Santa Monica; Marc Cuban Invests in âEmo Nightâ Producer Other recent deals include Cutting Edge Group's acquisition of a prolific composer's catalog and Musical AI's latest fundraise. Marc Cuban âhas made a significant investmentâ in Burwoodland , which produces âtouring themed nightlife experiencesâ including Emo Night Brooklyn, Gimme Gimme Disco, Broadway Rave and All Your Friends, according to a press release. The company was founded by Alex Badanes and Ethan Maccoby . Past strategic partners have included Izzy Zivkovic (Split Second) and Peter Shapiro (Brooklyn Bowl), along with Justin Kalifowitz âs investment and advisory platform Klaf Companies. âItâs time we all got off our asses, left the house and had fun,â said Cuban in a statement. âAlex and Ethan know how to create amazing memories and experiences that people plan their weeks around. In an AI world, what you do is far more important than what you prompt.â Goldenvoice , a division of AEG Presents, struck a deal with the City of Santa Monica for a new âlarge-scaleâ music and cultural festival to take place adjacent to the Santa Monica Pier in fall 2026. The festival is being envisioned as a single-day event with an estimated capacity of 30,000 to 35,000 attendees. Programming will include 12 to 15 artists, food and beverage, festival and artist merch, art installations and more. It would return in fall 2027 and fall 2028 as a yearly event. âPartnering with the city of Santa Monica to bring a yearly music festival to the Pier is a true honor for us,â said Melissa Ormond , Goldenvoice COO and COO of festivals for AEG Presents, in a statement. âWe canât wait to bring world class music and artists to one of the most beautiful urban locations in the state.â Read about more deals below. Cutting Edge Group/John Paesano Cutting Edge Group acquired the royalty streams of composer John Paesano âs catalog, which spans more than 80 scores across films including the Maze Runner trilogy and Kingdom of the Planet of the Apes ; TV series including Invincible and Marvelâs Daredevil ; and video games including Marvelâs Spider-Man series and Mass Effect: Andromeda . âJohnâs music has defined some of the most moving and visceral works of entertainment of the last decade,â said Tara Finegan , COO of Cutting Edge Group, in a statement. âIt is hard to imagine global hits like the Maze Runner trilogy or Daredevil series without the brilliant music that accompanied them, elevating their storytelling in ways that stick with viewers long after the credits roll. We are delighted to have this opportunity to invest in Johnâs remarkable catalog and are excited to see how these works can continue to reach new audiences in the years to come.â Added Paesano, âIâve been incredibly fortunate to come up in this business surrounded by great composers, directors, producers, and executives. I learned the craft by doing - absorbing everything I could and finding the language of storytelling...
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