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Watch Periko & Jessi Leon’s “Terra Live Music Home Sessions” Performance, Presented By The Honda Fit

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Periko & Jessi León on 'Terra Live Music Home Sessions'





Watch Periko & Jessi Leon’s “Terra Live Music Home Sessions” Performance, Presented By The Honda Fit


MIAMI, Jan. 28, 2015 /PRNewswire-HISPANIC PR WIRE/ — Terra featured Latin Pop sensations, Periko and Jessi Leon, in the most recent edition of “Terra Live Music Home Sessions” series, presented by the all-new 2015 Honda Fit. Establishing their talents in the tropical beats of Miami, the duo hosted an intimate home session concert produced for the popular “Terra Live Music” series that aired via live stream on Wednesday, January 14th and was a hit! Fans can enjoy the newest edition to Latin pop, Periko and Jessi, on www.Terra.com.

Periko and Jessi Leon took their tropical beats to “Terra Live Music Home Sessions“, performing songs from their debut album “Fuerza Mayor,” including hit singles “Tu Love,” “Mi Mundo Entero,” and the hit that led to their Latin Grammy nomination “Me Vuelve Loco.”

Pedro “Periko” Almeida, and Jessica “Jessi Leon” Bebschik, first met at a singer/songwriters night in Miami and instantly felt a musical connection. Their collaborations led to a Latin Billboards performance in 2013, where the reaction of the audience confirmed the duo’s incredible chemistry. Inspired by her experience living in both Argentina and the US, Jessi Leon began her musical career as a composer for Broadcast Music, Inc. (BMI), which led to the release of her first pop-rock album “Mudanza” in 2009 and her collaboration with Colombian band “Bonka” on hit single “A Escondidas.” Completing the other half of the duo is singer/songwriter Periko, one of the pioneers of Latin Pop in Peru who established “Periko Latin Publishing” as a result of his songwriting talents. Recognized for his work as a producer and composer for Zumba Fitness, Periko has been inspiring dance moves with his music around the world for years.

Together, Periko and Jessi Leon made their way into the hearts of all Latin Pop lovers around the world with the debut of their first album “Fuerza Mayor” this past August. Their fresh lyrics inspired by the tropical pop genre resulted in the Latin Grammy nomination for “Best New Artist” in 2014. Periko and Jessi have set themselves apart throughout the US and Latin America with their charismatic personalities and genuine “Fuerza Mayor.” The duo has made immense strides through inspirational work, such as their single “Vive Tu Juego” which inspired McDonald’s “Vive Tu Juego” campaign for the World Cup in 2014, the showcase of Latin Billboards 2013, Latin Grammy street parties and outstanding performances for cancer survivor Stephan Gutierrez in the St. Jude Children’s Hospital Gala and Telemundo’s “Liga Contra El Cancer.”

Fans can enjoy the performance with @PerikoJessiLeon as they experience the “Terra Live Music Home Sessions” concert – your house, your favorite band, and your friends, all over again…Let @TerraMusicaUS know what you think about #PerikoJessiLeon!

The unforgettable night can be enjoyed by fans around the world exclusively on www.Terra.com.

About Terra
Created in 1999, Terra is the leading digital content producer in Spanish and Portuguese speaking countries, reaching a monthly audience of over 100 million people. Terra reaches users through editorial content and is a pioneer in sports and entertainment live transmissions – from live concerts performed by artists like Paul McCartney, U2, Alejandro Sanz, Juanes and Kings of Leon, to all European League and championship matches as well as the Olympic Games. Terra’s content is offered in English, Spanish and/or Portuguese in 19 countries across the United States, Latin America and Europe, through multiple screens – computers, tablets and smartphones. Led by the Global CEO, Paulo Castro, Terra’s headquarters are in Sao Paulo, Brazil, and the company has offices in Argentina, Chile, Colombia, Mexico, Peru, Spain and the United States.

Terra has just launched a new responsive layout providing an innovative content and advertising delivery with the objective to simplify user’s lives and allowing advertisers to reach consumers in a whole new way.

“Terra. Your World, Simplified.” Visit the New Terra at www.Terra.com or click here for more information on “Terra Live Music”.

NOTE TO EDITORS: A high-resolution image is available at: http://hispanicprwire.com/en/multimedia/


(Español) DEFINA SUS RIZOS NATURALES Y LLÉVELAS CON CONFIANZA

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Sorry, this entry is only available in Español.

CHCI Chair Rep. Linda Sanchez Sees Opportunity for Latino Community in 2015 CHCI Message

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CHCI Chair Rep. Linda Sanchez Sees Opportunity for Latino Community in 2015 CHCI Message


WASHINGTON, Jan. 28, 2015 /PRNewswire-HISPANIC PR WIRE/ — The Congressional Hispanic Caucus Institute’s (CHCI) new Board Chair, Rep. Linda Sanchez, begins her seventh term in Congress with a focus on providing opportunities for young Latinos to achieve the American Dream. Sanchez is only the fourth woman to serve as chair of CHCI in its nearly 40 year history.

Video – http://youtu.be/uIzbLjhpjdU

As a champion for Latinos, she is committed to leading the community to greater success and prosperity. Today, Sanchez shares her vision for CHCI and the future of the Latino community in a statement and video message.

CHCI Chair Rep. Linda Sanchez 2015 Message

On behalf of the CHCI Board of Directors, Advisory Council, alumni and staff, welcome to 2015!

It is an honor to be selected as CHCI’s chair for the next two years. I look forward to building on the great work of Congressman Ruben Hinojosa.

My goal for CHCI is simple: empower the next generation to realize its potential. For nearly four decades, CHCI has worked tirelessly to develop the next generation of Latino leaders. Through our educational and leadership programs, CHCI reached the highest number of young Latinos in our history last year– more than 1,700! I know we can do more.

One of every four children in America is now Latino and 66,000 Latinos turn 18 every month. These numbers are a sign of our community’s potential. As Chair, I will work hard to make sure our award-winning programs reach more future leaders over the next two years.

In my life, I was fortunate to have mentors who taught me not to accept others’ limited expectations for what I could be or achieve. I want CHCI to offer that kind of inspiration and “I can do it” attitude to young Latinos. There are so many talented Latino youth who need a door of opportunity to open for them. CHCI can help open that door.

This year, we will move into our 21st Century Leadership Center and launch a new era for CHCI. We will also focus on increasing our online presence and developing a more vibrant relationship with the young Latinos we hope to empower.

I want to thank all of you who have invested your funds, time and efforts in our young leaders.

Your support makes our work possible. I look forward to working with all of you. I thank you for supporting CHCI and its mission.

In 2015, I challenge each of you to educate, empower, and connect with the next generation of Latino leaders. Thank you.”

CHCI would like to thank the team at Comcast for their in-kind support of this year’s video message.

About CHCI
CHCI is the premier Hispanic nonprofit and nonpartisan 501(c)(3) leadership development organization in the country that educates, empowers, and connects Latino youth by providing leadership development programs and educational services. CHCI directly impacts the lives of more than 1,700 students and young professionals each year through its fellowships, congressional internships, scholarships, Ready to Lead (R2L®) college readiness program, and R2L NextGen program. CHCI NextOpp is its latest resource allowing young Latinos to save, search and share life-changing opportunities for Latinos across the United States.

The CHCI Board of Directors is comprised of Hispanic members of Congress, nonprofit, union and corporate leaders. Visit www.chci.org, or join us on Facebook, Twitter, LinkedIn, YouTube, and Instagram.


Failure to Complete Medical Reviews Puts Disability Program at Risk

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Failure to Complete Medical Reviews Puts Disability Program at Risk

An independent group of disability experts convened by the Social Security Advisory Board recommends increasing funding for continuing disability reviews, the Social Security program that identifies current disability beneficiaries who have regained their capacity to work. The full report is available at www.ssab.gov.


WASHINGTON, Jan. 27, 2015 /PRNewswire-HISPANIC PR WIRE/ — Tight budgets have prevented the Social Security Administration (SSA) from carrying out scheduled reviews of the health and capacity to work for people receiving disability benefits.  Such reviews yield savings many times their cost.  One estimate indicated that if SSA had spent $1.1-$1.3 billion per year on these reviews, it could have reduced federal spending by as much as $42.8 billion.  The agency is currently 1.3 million reviews behind scheduled. 

SSA oversees two disability programs. Social Security Disability Insurance (SSDI) is available to qualified workers who have a disability that prevents them from engaging in substantial gainful activity and that is expected to last a year or more, or result in death. Supplemental Security Income (SSI) covers people with similar disabilities but who have low income and few assets.   Any savings that could be achieved for SSDI are of particular current interest, as estimates indicate that the payroll-tax financed SSDI Trust Fund will be depleted in late 2016. Without Congressional action, nearly 9 million SSDI  beneficiaries will have their benefits cut 19.1 percent.

The Social Security Advisory Board convened the Disability Policy Panel to examine whether the SSA could improve continuing disability reviews.  The panel included experts in economics, law, disability policy, vocational rehabilitation, and disability.

The panel made five recommendations to Congress and SSA for expanding and improving case reviews:

1) Congress should appropriate funds to eliminate the backlog of disability reviews and ensure future funding optimizes savings to the SSDI Trust Fund and Treasury

With many baby boomers reaching peak ages for the onset of disability, SSA disability workloads have exploded. Administrative budgets have not kept up with the workload increases.  As a result, SSA was forced to cut the number of medical reviews. Currently, SSA has a backlog of over 1.3 million claims earmarked for review.  This backlog prevents SSA from taking timely action to discontinue payments to beneficiaries whose medical conditions have improved and who can return to work.  Because SSDI beneficiaries receive Medicare and SSI beneficiaries receive Medicaid, the cost to the federal government is compounded.

2) Congress should retain the current medical review standard and provide training to ensure consistent application

SSA must terminate disability benefits if it finds that medical improvements enable beneficiaries to return to full-time employment. Benefits may also be stopped for cases involving fraud, failure to cooperate, and errors in the original allowance. Disability examiners are not given adequate training on applying these exceptions, and benefit termination based on exceptions are reversed at high rates on appeal. SSA should evaluate and update the medical review standards and upgrade employee training.

3) SSA should provide more resources to review disability decisions and for teams to investigate fraud

Funding to detect fraud should be increased.  SSA has taken some steps in this direction.  It has increased reviews of decisions by administrative law judges who had unusually high award rates. More such reviews should be done.  More staff should be hired to investigate fraud. Disability investigators produced $340 million in projected savings in SSA disability programs in FY 2013 and more than $2.8 billion since their inception in 1997. SSA has been working to expand the number of investigative units and Congress should provide SSA with resources to do so.

4) Congress should expand programs that help disability beneficiaries return to work

In principle, disability beneficiaries whose benefits are terminated because their medical condition has improved should be motivated to seek employment.  But people who have not worked for a long time often lose the capacity to work, even if their medical condition has improved.  Congress should extend employment support services for one year beyond termination so that either state vocational rehabilitation or employment network services will be available.

5) SSA should modify its disability programs for children and youth to set an expectation of work as an adult and offer more work supports

Helping people find work is especially important for SSI recipients nearing age-18 when they will be evaluated based on adult disability standards. The provision of training and counseling can determine whether these recipients achieve self-sufficiency or remain on public support. SSA should communicate expectations of independence to youth beneficiaries whose medical improvement is expected or possible. As was recommended for adults, Congress should also extend by one year the employment support services for youth who are ceased from benefits.

While the recommendations are those of the panel, the Board believes this effort offers informed analysis and discussion of a complex review process. According to Board chair Henry Aaron,

“The analysis and recommendations of this panel merit serious consideration by Congress, by the Social Security Administration, and by everyone who cares about the integrity of the Disability Insurance program.”

The Social Security Advisory Board is charged by statute to advise the President, Congress, and the Commissioner of Social Security on matters relating to the nation’s retirement and disability systems. Its mandate also includes increasing public understanding of the Social Security system. Members of the Board are appointed on a bipartisan basis by the President, the Senate, and the House of Representatives.

The full report is available on the Board’s website.


Aeromexico Announces Service on the New Monterrey – Miami Route

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Aeromexico Announces Service on the New Monterrey – Miami Route

— This new daily service will start on March 26th, 2015

— Miami becomes the ninth international destination served by the Monterrey International Airport, one of Aeromexico’s major hubs


MONTERREY, Mexico, Jan. 27, 2015 /PRNewswire-HISPANIC PR WIRE/ — Aeromexico, Mexico’s global airline, announces the beginning of its new, nonstop daily flight service from Terminal B at the Monterrey International Airport in northern Mexico, to Miami, Florida in the United States as of March 26th, this Spring. This new service will offer passengers the possibility of taking a daily flight between these two cities on board a 76-seat Embraer 170 airliner from one of Aeromexico’s major hubs in northern Mexico.

Logo – http://photos.prnewswire.com/prnh/20130315/MX77534LOGO

Flights schedules for this new route are as follows:

Miami – Monterrey *

 Monterrey – Miami *

AM425

3:25 p.m.

5:11 p.m.

Daily

AM424

9:00 a.m.

2:25 p.m.

Daily

* Times are published in local time and are subject to change without notice.

In announcing this new route, Anko van der Werff – Aeromexico’s Chief Revenue Officer, said “The launch of operations from Monterrey to Miami is an integral part of the plan to strengthen our second largest hub in Mexico during 2015. Miami will thus become our ninth international destination served by this airport, making us the number one choice for customers requiring a quick and easy connection to the United States from cities such as Aguascalientes, Bajio-Leon, Chihuahua, Ciudad Juarez, Guadalajara, Hermosillo, Puebla, Queretaro, San Luis Potosi, Tampico and Toluca.

Aeromexico thus continues working to provide more and better flight connection options both in Mexico and abroad. Monterrey now serves 25 domestic and international destinations, including new routes recently announced to Torreon in Mexico, Tokyo in Asia, and Houston and New York City in the United States.

About Grupo Aeromexico

Grupo Aeromexico, S.A.B. de C.V. is a holding company whose subsidiaries provide commercial aviation services in Mexico and the promotion of passenger loyalty programs. Aeromexico, Mexico’s global airline, operates more than 600 daily flights from its main hub in Terminal 2 at the Mexico City International Airport. Its route network spans more than 80 cities on three continents, including 45 destinations in Mexico, 16 in the United States, 15 in Latin America, three in Europe, two in Asia and two in Canada.

The Group’s fleet of more than 120 aircraft is comprised of Boeing 787, 777, 767 and 737 jet airliners and next generation Embraer 145, 170, 175 and 190 models. In 2012, the airline announced the most significant investment strategy in aviation history in Mexico, to purchase 100 Boeing aircraft including 90 MAX 737 jet airliners and ten 787-9 Dreamliners.

As a founding member of the SkyTeam airline alliance, Aeromexico offers customers more than 1,000 destinations in 178 countries served by the 20 SkyTeam airline partners rewarding passengers with benefits including access to 564 premium airport lounges around the world. Aeromexico also offers travel options through its code share partners Delta Air Lines, Alaska Airlines, Avianca, LAN, TACA and TAM with extensive connectivity in countries like the United States, Brazil, Canada, Chile, Colombia and Peru. www.aeromexico.com www.skyteam.com http://disfrutaam.tumblr.com/


MundoFox Premieres “Quien Mato a Patricia Soler?” On Monday, February 9 At 9pm/8c

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MundoFox’s “¿Quién Mató a Patricia Soler?” character





MundoFox Premieres “Quien Mato a Patricia Soler?” On Monday, February 9 At 9pm/8c

Telenovela marks the long awaited return to television of
Mexican superstar Itati Cantoral


LOS ANGELES, Jan. 27, 2015 /PRNewswire-HISPANIC PR WIRE/ — MundoFox announced today the premiere of “Quien Mato a Patricia Soler?” (Who Killed Patricia Soler?), an original production starring Mexican actress Itati Cantoral and Spanish actor Miguel de Miguel. “Quien Mato a Patricia Soler?” marks the long-awaited return of Cantoral to television. The series premieres on February 9 and will air exclusively on MundoFox Monday through Friday at 9PM/8C. 

Experience the interactive Multimedia News Release here: http://www.multivu.com/players/English/7406051-mundofox-patricia-soler/

“Quien Mato a Patricia Soler?” is a captivating adaptation of the well-received telenovela “La Madrastra,” with new twists and a suspenseful ending.   The story follows Sara Fernandez (Itati Cantoral), a woman who is wrongfully imprisoned after being betrayed by those closest to her and her subsequent search for justice when she is exonerated and released 17 years later.

Sara Fernandez has it all: a successful jewelry business, a good husband and two wonderful children, but everything she has worked for and built is about to come crashing down.  During a trip to New York City, her best friend and business partner, Patricia Soler, is murdered and Sara is the prime suspect.  After being falsely convicted for the crime, Sara spends the next 17 years in a maximum-security prison.  Upon her release, Sara returns determined to unmask the real killer and fight to regain everything she lost.  Her journey will not be an easy one as all of her former friends, business partners and even her family, are now possible suspects.  Sara can trust no one in her search to discover “Quien Mato a Patricia Soler?”

Produced by RTI Producciones, “Quien Mato a Patricia Soler?” is a story of betrayal, revenge, mystery and suspense that will surprise viewers until the heart-stopping moment when Patricia Soler’s killer is finally revealed.   

To learn more about “Quien Mato a Patricia Soler?,” visit: http://www.mundofox.com/qmaps

Social Media Box

Hashtags: #QMAPS #MUNDOFOX

Facebook: https://www.facebook.com/mundofox        

Twitter: @MundoFox

Instagram: MundoFox   

About MundoFox
MundoFox is a joint venture between Fox International Channels (FIC), 21st Century Fox’s international multimedia business, and RCN, the leading Latin American television network and production company belonging to Organizacion Ardila Lulle (OAL). Together FIC and RCN currently reach over 1.6 billion subscribers worldwide with original series, novelas, dramas, game shows, reality, news and lifestyle programming. MundoFox is broadcast over-the-air on the network’s affiliate stations as well as through cable, satellite and telco providers in markets representing nearly 80% of U.S. Hispanic households. MundoFox, headquartered in Los Angeles, CA, launched in fall 2012.

Contact: Andy Checo
(212) 822-7021
[email protected] 

NOTE TO EDITORS: A high-resolution image is available at: http://hispanicprwire.com/en/multimedia/

 

MundoFox estrenara "Quien Mato a Patricia Soler?" el lunes 9 de febrero a las 9PM/8c.

 

Itati Cantoral is Sara Fernandez on MundoFox's new novela "Quien Mato a Patricia Soler?"

 

Itati Cantoral

 


New 2016 Acura ILX Begins Production as Brand Marks 20th Anniversary of Manufacturing in America

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The 2016 Acura ILX begins production in Ohio.





New 2016 Acura ILX Begins Production as Brand Marks 20th Anniversary of Manufacturing in America

Acura marks major milestone with U.S. sales of two million North American-made Acura vehicles

ILX production begins today at Marysville, Ohio Auto Plant


MARYSVILLE, Ohio, Jan. 27, 2015 /PRNewswire-HISPANIC PR WIRE/ — The Acura brand today celebrated sales in the U.S. of the 2 millionth North American-made Acura vehicle, 20 years after Acura production began in the U.S., as the first new 2016 Acura ILX sports sedan rolled off the assembly line at the Marysville Auto Plant in Ohio. The redesigned and reengineered 2016 ILX delivers more performance, more advanced technology and more luxury refinement than ever before.

Photo – http://photos.prnewswire.com/prnh/20150127/171535

Logo – http://photos.prnewswire.com/prnh/20100923/ACURALOGO

“This year marks the 20th anniversary of the start of Acura production in Ohio, so the introduction of the ILX is another exciting stage in our history with the Acura brand,” said plant manager Rob May. “Our associates are applying our tremendous experience in producing high quality Acura products and will leverage the production of TLX and ILX in one plant to meet the high expectations of our Acura customers.”

Production of the Acura ILX, the gateway to the Acura sedan lineup, began in 2012 at the company’s Greensburg, Indiana plant. It now will be produced alongside Acura’s highest volume luxury sedan, the Acura TLX, which launched in August of last year. The Marysville Auto Plant has made major investments to further advance Acura quality with the launch of the TLX sedan and will continue to advance the world-class levels of quality for Acura customers with the launch of the new ILX.

“Reaching two million in sales of North American-made Acura vehicles as we begin production of the 2016 ILX at the Marysville Auto Plant portends great things for the Acura brand,” said Michael Accavitti, senior vice president and general manager of the Acura Division. “We deeply appreciate the loyalty of our customers which fuels our desire to build Acura products of the highest quality in America.”

The 2016 ILX gets a major injection of Acura performance DNA with the application of an all-new 2.4-liter DOHC direct-injected i-VTEC engine and 8-speed dual clutch transmission, the same powertrain that drives one version of the popular new Acura TLX sedan. The 2.4-liter engine that powers both the TLX and new ILX is produced at the nearby Anna, Ohio engine plant. The Marysville plant introduced new equipment and processes to support production of the 2016 Acura ILX, including new glass installation and rear suspension equipment.

Acura now has sold 2 million North American-made Acura vehicles to its customers in America, since U.S. production of the first Acura model began in 1995, with the Acura CL produced at the East Liberty Auto Plant. In 2014, 94 percent of Acura vehicles sold in America were made at the company’s plants in Indiana, Ohio and Alabama, using domestic and globally sourced parts. Total U.S. sales of North American-made Acura models reached an all-time high of 158,043 vehicles in 2014, on total sales of 167,483 Acura performance-luxury cars and SUVs for the year.

Starting this fall, Acura will begin production of the next-generation Acura NSX supercar at the new Performance Manufacturing Center (PMC), located adjacent to the Marysville Auto Plant and the nearby development center of Honda R&D Americas, Inc., which led the development of the NSX.

About Acura
Acura offers a full line of precision crafted performance-luxury vehicles through a network of approximately 270 U.S. Acura dealers. The Acura lineup features five distinctive models – the RLX luxury flagship sedan, the TLX performance luxury sedan, the ILX sport sedan, the 5-passenger RDX luxury crossover SUV, and the seven-passenger Acura MDX, America’s all-time best-selling three-row luxury SUV. The next-generation Acura NSX mid-engine supercar will join the Acura lineup later this year. Acura was recently recognized by Edmunds.com for the third consecutive year as leading all luxury brands in retained value after five years of ownership.

For More Information
Consumer information about Acura is available at acura.com. To join the Acura community on Facebook, visit facebook.com/acura. Additional media information including detailed features, pricing and high-resolution photography of the Acura model line is available at acuranews.com.


Ficohsa established as the largest bank in Honduras according to official figures issued by National Banking and Insurance Commission (CNBS)

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Ficohsa established as the largest bank in Honduras according to official figures issued by National Banking and Insurance Commission (CNBS)

– CNBS rankings place banking institution as the nation’s largest in terms of assets, net worth, loan portfolio and profits

– The top positions in terms of net assets are held by three local banks: Ficohsa, Atlantida and Occidente; they jointly occupy more than 50% of market share (51.3%)


TEGUCIGALPA, Honduras, Jan. 27, 2015 /PRNewswire/ — After several consecutive years of growth, and following the acquisition of the consumer banking business of Banco Citibank Honduras S.A. and Cititarjetas de Honduras S.A., Banco Ficohsa has established itself as the largest in Honduras, and among the 10 most important banks the Central American region. This is confirmed by official figures released by the National Banking and Insurance Commission (CNBS) in December 2014.

The financial institution has grown in several key banking indicators including assets, loans, and net worth, currently occupying the leading position in the country since the end of 2014.

“The results of the CNBS report confirm our position as the leading bank in Honduras,” said Camilo Atala, executive president of Grupo Financiero Ficohsa. “We believe in the region and will continue to explore growth opportunities that will allow us to reinforce our leadership position not only in Honduras, but in all of Central America.”

Ficohsa’s net assets grew 37.9% from December 2013 (USD $2,182 million) to December 2014 (USD $3,011 million), gaining 19.4 % of market share in Honduras. Ficohsa is followed by Banco Atlantida with 18.2% of market share (USD $2,821 million) and Banco Occidente with 13.7% market share (USD $ 2,123). The three Honduran banking institutions combined occupy more than 50% of market share in terms of net assets.

Additionally, Ficohsa occupies the leading position in terms of its loan portfolio, which grew 19.2%, from December 2013 (USD $1,596 million) to December 2014 (USD $1,902 million), granting Ficohsa 18.9% of market share in this area. Banco Atlantida’s loan portfolio reaches USD $1,751 million, followed by BAC with USD $1,348 million.

Ficohsa also leads in home loans, offering 18.3% of home loans in the Honduran market, totaling USD $299 million. It is followed by Banpaís with a current offering of USD $260 million and Davivienda with USD $211 million.

Banco Ficohsa’s net worth represents 21.1% of the entire Honduran financial market, followed by Banco Atlantida with 15.6% of market share and Banco Occidente with 13.6%.


Statement From Live Nation Re: Greek Theatre

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Statement From Live Nation Re: Greek Theatre


LOS ANGELES, Jan. 27, 2015 /PRNewswire-HISPANIC PR WIRE/ — The Greek Theatre is an incredible Los Angeles treasure, owned by the people of this city. Live Nation has delivered a superior proposal that will set a new standard for this iconic venue, with plans to invest heavily to return it to its rightful place as a world-class entertainment destination for fans and artists while being sensitive to neighbors in the surrounding community.

We remain confident that the full City Council will be guided by the merits of our proposal – not the political strong-arm tactics of our opponent. Selecting Live Nation’s superior financial bid has far-reaching repercussions well beyond the Greek Theatre: much of the revenue generated by Live Nation will support critically-important Recreation and Parks programs throughout the entire city.

Ultimately, the Greek Theatre contract will be awarded by the Board of Recreation and Parks Commissioners, which has already voted unanimously on behalf of Live Nation – joining Recreation and Parks staff and a panel of independent, expert evaluators.  We outscored the Nederlander/AEG bid, earning 91% of all possible points compared to their total of 79%. Our commitment to Union labor at the venue is stronger. And our financial proposal is far superior, delivering nearly $10 million more at a minimum, and a total of $30 million more when comparing our guaranteed performance minimum to Nederlander’s historic average. We also commit to investing more than twice as much in capital improvements as Nederlander, which failed to complete many of the improvements it promised years ago.

Live Nation remains committed to operating the Greek Theatre to the highest standard, driven by hometown pride. Live Nation is a locally-based company. We employ 2,500 people in Los Angeles County through our corporate headquarters and many local venues, which include the House of Blues, the Wiltern Theater and the Palladium. We’re proud to be named the world’s #1 concert promoter by Pollstar magazine for the past eight consecutive years.

When Nederlander pursued the Greek Theatre contract 15 years ago, the process became so mired in politics that the L.A. Times termed it a “Greek Tragedy.” This year, we are confident the City will avoid a sequel. The extended team at Live Nation is committed to earning this contract and operating the Greek Theatre in a way that will make all of Los Angeles proud.