Penske Media Corporation ( PMC / ˈ p ɛ n s k i / ) is an American mass media , publishing , and information services company based in Los Angeles and New York City . It publishes more than 20 digital and print brands, including Variety , Rolling Stone , Women's Wear Daily , Deadline Hollywood , Billboard , The Hollywood Reporter , Boy Genius Report , Robb Report , Artforum , ARTNews , and others. PMC's Chairman and CEO since founding is Jay Penske .
42-588: In addition to media publications, Penske Media Corporation owns the Life Is Beautiful Music & Art Festival and is a 50 percent stakeholder in South by Southwest . It is also the owner of Dick Clark Productions which includes the award shows Golden Globe Awards , American Music Awards , Streamy Awards , Academy of Country Music Awards , and the Billboard Music Awards . Penske Media Corporation
84-739: A "Best of the Web Pick", describing its best feature as "boards teeming with filmmakers" and its worst as "glacial search engine". IndieWire has been praised by Roger Ebert . In 2012, IndieWire won the Webby Award in the Movie and Film category. In 2022, IndieWire 's entire staff was honored as the Best Website, Traditional News Organization by the Los Angeles Press Club at its annual Southern California Journalism Awards, with judges noting that
126-434: A Hollywood perspective, hidden by a huge amount of mainstream news. As filmmaker Doug Wolens points out, IndieWire is one of the few places where filmmakers can consistently and reliably keep on top of often-ignored small film festivals, which films are opening and what other filmmakers are thinking." In 2002, Forbes magazine recognized IndieWire , along with seven other entrants, in the "Cinema Appreciation" category, as
168-628: A joint venture for the Robb Report with Rockbridge, the private equity firm of Dan Gilbert . In December 2017, Penske Media acquired a majority stake of Rolling Stone magazine from Wenner Media. In 2018, it expanded further into music with an investment in BuzzAngle Music . Additional acquisitions from 2017 to 2018 include SHE Media , Sourcing Journal, and Art Media Holdings, which includes Art in America and ARTnews . On September 23, 2020, it
210-461: A majority stake in the festival was acquired by Penske Media Corporation (PMC) via subsidiary Rolling Stone , with aims to pursue international expansion. In addition to music, Life is Beautiful has a heavy focus on art providing its attendees with massive murals and interactive sculpture exhibits. The art features both local and international artists, as well as recycled installations from Burning Man . In 2017, art collective Meow Wolf created
252-692: A stake in Dick Clark Productions was sold to PMC via the joint venture Penske Media Eldridge, and in February 2023, PMC became the largest shareholder in Vox Media , acquiring a 20% stake in the company with Jay Penske joining Vox's board. The purchase of Dick Clark Productions also included the Golden Globe Awards , American Music Awards , the Streamy Awards , Academy of Country Music Awards , and
294-473: Is Beautiful Music & Art Festival is an annual music, culinary, art, and learning festival held in Downtown Las Vegas , Nevada, United States. It debuted in 2013 as a three-day event. In 2019, it was one of the world's highest grossing festivals with revenues of $ 17.7 million. In February 2022, Penske Media Corporation (PMC) acquired a controlling interest in the festival. While some details of
336-450: Is a film industry and film criticism website that was established in 1996. The site's focus was predominantly independent film , although its coverage has grown to "include all aspects of Hollywood and the expanding universes of TV and streaming". IndieWire is part of Penske Media Corporation . The original IndieWire newsletter launched on July 15, 1996, billing itself as "the daily news service for independent film ". Following in
378-702: Is a digital media, publishing, and events company that owns multiple fashion-related content properties. PMC purchased Fairchild properties from Condé Nast in late 2014. These publications included WWD ( Women's Wear Daily ), Footwear News , Beauty Inc. , M , and Fairchild Summits. WWD is often considered the "Bible of the fashion industry." The other properties are considered leading business-to-business publications offering news and insights into various fashion and beauty niches. On April 2, 2020, PMC announced that it would launch Sportico —a new vertical focusing on sports business and media . It launched on June 30, 2020, hiring several reporters who previously worked at
420-540: Is an American English-language luxury - lifestyle magazine featuring various products, including automobiles, aviation, boating, real estate, and watches. Deadline , also known as Deadline Hollywood or Deadline.com and previously known as news blog Deadline Hollywood Daily , is an online magazine founded by Nikki Finke in 2006. The blog had initially been operated by publisher LA Weekly prior to being purchased by Penske Media in June 2009. Fairchild Fashion Media
462-657: Is attractive to attendees, organized by culinary director Lee Flint, with the intention of “working with the local talent and making it more accessible to restaurants that may not have been able to participate in the past”. The 2018 culinary lineup included Justin Kingsley Hall of the Kitchen at Atomic, Brian Howard of Sparrow + Wolf, Harvest's Royd Ellamar, Hemant Kishore from the Toddy Shop and Good Pie's Vincent Rotolo. IndieWire IndieWire
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#1733085198137504-426: Is part of Penske Media . It has a staff of 26 people, including publisher James Israel, editor-in-chief Dana Harris-Bridson, editorial director Kate Erbland, digital director Christian Blauvelt, and editor-at-large Anne Thompson . In Wired , in 1997, Janelle Brown wrote: "Currently, IndieWire has little to no competition: trades like The Hollywood Reporter and Variety may cover independent film, but from
546-570: Is part of Penske Media Corporation, having reportedly attained more than 20 million monthly active users, as well as over 5 million social media followers. Other properties under the PMC banner include the Boy Genius Report (or BGR.com), TVLine, SHE Media , and Sourcing Journal. BGR.com is a tech and gadget blog originally founded by Jonathan Geller and purchased by PMC in 2010. The Gold Derby Awards (or "Gold Derby TV and Film Awards") are awards given by
588-426: The Billboard Music Awards . PMC owns and operates Variety magazine, a trade paper for the entertainment industry founded in 1905, as well as its various digital and data platforms. PMC purchased the publication in 2012 from Reed Elsevier for approximately $ 30 million. PMC first became the majority owner of Rolling Stone by purchasing a 51 percent stake in the company from Wenner Media in 2017, and then acquired
630-530: The Sundance Film Festival to begin their coverage of film festivals; it offered indieWIRE: On The Scene print dailies in addition to online coverage. Printed on site, in low-tech black-and-white style, the publication was able to scoop traditional Hollywood trade dailies Variety and The Hollywood Reporter due to the delay these latter publications had for being printed in Los Angeles. The site
672-466: The 2018 lineup included SNL ’s Pete Davidson , Michelle Wolf , and Hannibal Buress , along with Trixie Mattel from Ru Paul's Drag Race , and Jimmy O. Yang from HBO's Silicon Valley . Life is Beautiful takes place in Downtown Las Vegas, Nevada over 18 blocks of the city. Temperatures during the festival range an average from 69º F to 94º F. Due to the urban landscaping of the surroundings,
714-570: The 49 percent stake held by BandLab Technologies in January 2019 to become its full owner. Rolling Stone is an international media brand which focuses on popular culture, now including magazines published in 15 countries such as China, Australia, India and the United Kingdom. The original American Rolling Stone magazine was founded in San Francisco in 1967 by magazine publisher Jann Wenner and
756-856: The Elephant, Schoolboy Q, Zeds Dead, Slightly Stoopid, Pusha T, De La Soul, DREAMCAR, Matoma, Big Gigantic, Russ, Dua Lipa, Troy Boi, Kiesza, The Revivalists, J Boog, Big Wild, They., Coin, Ekali, Kali Uchis, Hayden James, Hippo Campus, Frenship, Whethan, Sigrid, SG Lewis, Middle Kids, Circa Waves, Day Wave, Ella Vos, Wingtip, Bearson, The American Weather, Cirque Du Soleil, Ideas Featuring Bill Nye, MGMT, Haim, 2 Chainz, ZHU, Milky Chance, Two Door Cinema Club, Tycho, Capital Cities, Lil Dicky, Tchami, Local Natives, Vince Staples, Sean Paul, Mura Masa, Deorro , RAC, Kyle, Broods, PVRIS, Goldroom, Sofi Tukker, Stick Figure, Tokimonsta, Mondo Cozmo, Jacob Banks, Tennyson, Shy Girls, Viceroy, San Fermin, Superpoze, Cameron, Calloway, The Rhyolite Sound The Weeknd, Arcade Fire, Florence and
798-983: The Giant, Galantis, Die Antwoord, Jimmy Eat World, Bloc Party, Dirty Heads, Duke Dumont, Kehlani, The Temper Trap, Third Eye Blind, KONGOS, Crystal Castles, Snakehips, City and Colour, Excision, Irration, Pete Yorn, The Naked and Famous, Alunageorge, Pete Yorn, Gramatik, Atlas Genius, Banks and Steelz, Bob Moses, Warpaint, Keys N Krates, Seven Lions, Band of Skulls, Kaytranada, Snails, Nothing But Thieves, Catfish and The Bottlemen, The Stumbellas, Jack Garratt, Kamasi Washington, Oh Wonder, Mr. Carmack, Raury, The Wombats, Bishop Briggs, The Heavy, Bomba Estereo, LANY, Highly Suspect, Jess Glynne, Autograf, Griffin, Ghastly, Mija, NF, Finish Ticket, Hey Marsielles, Rezz, Sir The Baptist, Lewis Del Mar, Coast Modern, The Shelters, CID, Durante, Spag Heddy, Anevo, Aaron Jackson, Aazar, Brittany Rose, Brumby, The Lique Chance The Rapper, Muse, Gorillaz, Lorde, Blink-182, The xx, Kaskade, Wiz Khalifa, Pretty Lights, Cage
840-1139: The Machine , Travis Scott, DJ Snake, ODESZA, N.E.R.D.m Death Cab for Cutie , Tyler the Creator, Justice, Galantis, Bastille, Miguel, St. Vincent, RL Grime, A$ AP Ferg, Slyvan Esso, The Neighbourhood, Jungle, What So Not, Blackbear, Flight Facilities, Sabrina Claudio, SOFI TUKKER, 3lau, Chvrches , Foster the People, French Montana, Santigold, Cold War Kids, Daniel Caesar, Alison Wonderland, T-Pain, The Drums, Robert De Long, DVBBS, Blood Orange, Wolfmother, Cashmere Cat, Gramatik, Lizzo, The Presets, Lane 8, AJR , Tribal Seeds, Ravyn Lenae, Superorganism, Party Favor, Two Feet, HINDS, Denzel Curry, Sir Sly, Sam Feldt, Welshy Arms, Elohim, Elderbrook, FLETCHER , Yungblud, Mt. Joy, Amy Shark, Chet Porter, Mikky Ekko, Knox Fortune, Morgan Saint, Wallows, Graves, Brasstracks, Neil Frances, O Wildly, Lovely The Band, Harry Hudson, Young Bombs , The Dirty Hooks, Mike Xavier The Culinary lineup has recently become an add-on that
882-550: The Sun, Childish Gambino, Pretty Lights, Jurassic 5, STS9, Purity Ring, Earl Sweatshirt, Danny Brown, Portugal. the Man, Dawes, Imagine Dragons, The Joy Formidable, Charli XCX, Haim, Capital Cities, Poolside, Janelle Monáe, Alabama Shakes, Joey Bada$ $ , Cults, Smith Westerns, Nico Vega, Zedd, Living Colour, Youngblood Hawke, Family of the Year, Robert Delong, Cayucas, Wallpaper, Twenty One Pilots. In 2014,
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#1733085198137924-459: The assets from Disney Corporation in 2003 for over $ 650 million. Two of Fairchild's properties, Style.com and W , remained under Condé Nast's ownership. In June 2015, Penske Media Corporation formed a partnership with Shutterstock to be the exclusive licensor of imagery from PMC's fashion and entertainment archives. The following month, PMC purchased Gold Derby, a data platform and website that utilizes user and professional predictions to predict
966-559: The company acquired a majority stake in Las Vegas' Life Is Beautiful Music & Art Festival , which was placed under the Rolling Stone division. The same year, it acquired the contemporary art magazine Artforum and Bookforum . Bookforum subsequently ceased publications on December 12 of that year. It also launched the LA3C, a music festival in Los Angeles, California. In January 2023,
1008-409: The company received a $ 35 million growth equity round of financing from a leading private equity fund. In early 2009, the company announced the purchase of Deadline Hollywood Daily (now known as Deadline.com). The website had previously been operated by publisher LA Weekly . In February 2010, MMC finalized and announced a joint venture with Zee TV , one of India 's leading TV networks, on
1050-431: The creation of the new India.com web portal and seven other portals. The site was designed to compete with other portals like Indiatimes.com , Yahoo! , and Rediff.com . In April 2010, MMC purchased Jonathan Geller's Boy Genius Report ( BGR ), a tech and gadget blog, for an undisclosed amount of money. MMC moved the blog to a new URL (BGR.com) and also introduced a broader spectrum of technology coverage. Geller remained
1092-491: The deal were not disclosed, the purchase was made through subsidiary Rolling Stone . Founded by Rehan Choudhry in 2013, Life is Beautiful is a festival held annually in downtown Las Vegas, Nevada. WWD reported that “the festival has focused on building a brand aimed at uniting people around artistic experiences ranging from music to street artists such as Shepard Fairey , brands pooling together for experiences, small businesses and food, among other thing”. In February 2022,
1134-457: The fan favorite “Art Motel” converting the abandoned motel at 225 North Seventh Street into a digital wonderland of art, custom-made sound, lighting and projections. The collective revamped 17 rooms and the space's 5,900-square-foot courtyard. While the art motel did not return in 2018, that space was transformed into a new exhibit by Portuguese artist Bordalo. The new installation focused on collecting and arranging 10,000 ft of recycled trash which
1176-571: The festival expanded to 3 days: In 2015 Life is Beautiful announced a partnership with Insomniac Events to increase the presence of electronic music offerings on the line-up. Insomniac curated the Troubadour stage with headlining acts Porter Robinson, Carnage, and Knife Party. Mumford & Sons, J. Cole, Major Lazer, G-Eazy, Empire of the Sun, The Lumineers, The Shins, Bassnectar, Flume, Tegan and Sara, Jane's Additction, Chromeo, ZHU, Leon Bridgers, Young
1218-500: The festival rolls out 280,000 square ft of sod, providing attendees with cool spots to lay down in the shade and get out of the sun. In the first five years of the festival, Life is Beautiful has contributed over $ 185 million of economic impact for the city of Las Vegas measured by a third party. The September 2020 Life is Beautiful festival was cancelled due to COVID-19 concerns. Inaugural headliners were The Killers and Kings of Leon . Beck, Vampire Weekend, Passion Pit, Empire of
1260-469: The footsteps of various web- and AOL -based editorial ventures, IndieWire was launched as a free daily email publication in the summer of 1996 by New York- and Los Angeles-based filmmakers and writers Eugene Hernandez , Mark Rabinowitz, Cheri Barner, Roberto A. Quezada , and Mark L. Feinsod. Initially distributed to a few hundred subscribers, the readership grew rapidly, passing 6,000 in late 1997. In January 1997, IndieWire made its first appearance at
1302-457: The music critic Ralph J. Gleason . It was first known for its musical coverage and for political reporting by Hunter S. Thompson . In the 1990s, the magazine shifted focus to a younger readership interested in youth-oriented television shows , film actors and popular AT40-based music. Under PMC, Rolling Stone became a monthly publication in America, but still mixed music coverage with politics and articles on popular culture. The Robb Report
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1344-560: The outcome and winners of global awards shows and events. In January 2016, PMC acquired independent film and television platform IndieWire from SnagFilms, Inc. for an undisclosed amount of money. Michael Schneider, the Editor in Chief of TV Guide , joined IndieWire.com as Executive Editor shortly after the PMC acquisition, joining editorial leaders Anne Thompson, Eric Kohn, and editor Dana Harris. In January 2017, Penske Media Corporation entered into
1386-512: The site is "full of analysis of entertainment issues, not to mention the depth of most of the pieces that immediately pop up on the site. Quite compelling and thought-provoking." The IndieWire Critic's Poll is an annual poll by IndieWire that recognizes the best in American and international films in a ranking of 10 films on 15 different categories. The winners are chosen by the votes of the critics from IndieWire and other invited critics from around
1428-462: The sports business division of Bloomberg News . On December 14, 2020, Sportico acquired The Intercollegiate , adding two writers from the college sports media outlet, to grow its coverage of the college sports industry. Sportico and Bloomberg News agreed to a content sharing deal in January 2021 to provide Sportico content to Bloomberg readers. BollywoodLife.com is an entertainment and celebrity news website reporting on Indian popular culture. It
1470-502: The website Goldderby.com for television and film. The awards began in 2004. Owned by Jay Penske since 2015, it is a brand of the Penske Media Corporation. It has also been an investor in the strategic event management company LDJ Productions since 2020. Penske Media co-owns its headquarters at 475 Fifth Avenue after partnering with RFR Holding to purchase it in 2022. Life Is Beautiful Music %26 Art Festival Life
1512-574: The website's Editor in Chief after the sale. In September 2010, the Mail.com Media Corporation announced a transaction in which they would sell the Mail.com email and portal service to United Internet Group , one of Germany 's leading internet companies. MMC would remain the primary content provider for Mail.com, but the email service itself was operated by United Internet and its GMX email platform. In 2012, MMC re-branded itself as Penske Media Corporation. In October 2012, PMC purchased Variety Inc., including
1554-417: The weekly Variety magazine, Daily Variety , Variety.com, and all associated assets, for a reported $ 25 million from Reed Elsevier . PMC received financial backing from hedge fund Third Point LLC . Some of PMC's early changes to Variety's business plan included eliminating the website's paywall , ceasing the printing of Daily Variety , and investing more in the digital platform, Variety.com. The paywall
1596-503: Was acquired by Snagfilms in July 2008. On January 8, 2009, IndieWire editor Eugene Hernandez announced that the site was going through a re-launch that has been "entirely re-imagined". Penske Media acquired IndieWire on January 19, 2016. The financial terms of the agreement were not disclosed. The focus of IndieWire initially was independent film, but has grown to encompass mainstream film, television, and streaming media. IndieWire
1638-735: Was announced that PMC would assume operations of the MRC Media & Info publications, including Variety 's main competitor, The Hollywood Reporter , and Billboard magazine, under a joint venture with MRC known as PMRC . In turn, MRC will form a second joint venture that will develop content tied to PMRC publications. In 2021, it purchased a 50 percent stake in South by Southwest , and sold Hollywood Life , website about entertainment, celebrity, and fashion news targets women ages 18 to 35 and attracts an audience of 35 million visitors per month, founded and run by former US Weekly , Marie Claire , and Glamour editor, Bonnie Fuller . In 2022,
1680-480: Was founded by Jay Penske in 2003. It began as an affinity marketing and internet services company called Velocity Services, Inc. The company acquired the Mail.com domain and was renamed to the Mail.com Media Corporation (MMC). By 2008, the company owned digital entertainment properties like OnCars.com, Hollywood Life , Movieline , and MailTimes in addition to operating the Mail.com portal and email service. In mid-2008,
1722-518: Was taken down on March 1, 2013, and, after 80 years of publication, the last print edition of Daily Variety was issued on March 19, 2013. A redesigned Variety magazine launched on March 26, 2013. In late 2014, PMC purchased Fairchild Fashion Media from Condé Nast for just under $ 100 million. Under the terms of the deal, PMC obtained ownership of Fairchild's print and digital media properties including Women's Wear Daily ( WWD ), Footwear News , Beauty Inc. , and others. Condé Nast had purchased
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1764-477: Was then used to create six enormous animal structures, named “Wild Wild Waste”. The Life is Beautiful Ideas series began 2015, with the idea of spreading positivity and inspiring messages to attendees. The list of speakers has included Bill Nye , IN-Q, Joe De Sena , Stacy London , Ru Paul , and Karamo Brown . Comedy also plays a huge part in the Life is Beautiful lineup drop. Utilizing Vegas’ very own Venue Vegas,
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