Live Nation Entertainment has secured a controlling interest in Tennessee’s Bonnaroo Music and Arts Festival.

The partnership with the event’s founders, Superfly and AC Entertainment, also sees Live Nation take a share in the Bonnaroo property Great Stage Park, also known as The Farm.

"We continue to expand the industry's most unparalleled and scalable festival platform all while driving strong revenue and growth for Live Nation on a global basis,” said Live Nation CEO and president Michael Rapino (pictured ...