Marc Geiger’s SaveLive Unveils First Venue and Promoter Partners
Jem Aswad Senior Music EditorSaveLive, the platform launched in 2020 by former WME music execs Marc Geiger and John Fogelman to “bail out” concert venues that were struggling during the pandemic, has announced its first round of partners, some 20 mid-size venues across the country, many in the South.The company has also completed its first round of financing, raising $135 million dollars to invest into the independent live music community. Investors include Breyer Capital, Deep Field Asset Management, Raptor Group, and Shamrock Capital.At the time of the company’s launch in October of 2020, Geiger, who was a cofounder of the Lollapalooza festival, said the plan was to invest in small clubs and build an indie touring network by acquiring a 51% ownership stake in the venues in question.