New York, NY (Top40 Charts) INITECH (NYSE: [ITCH]) and Riot Fest Corporation announced today the completion of a new partnership, through which Initech assumes a controlling interest in Riot Fest and all of its valuable assets.
"The addition of Riot Fest builds on Initech's world-leading portfolio of over 600 marquee festivals such as: Hullabalooza, Lolla-Pa-Foods-A, Waynestock, Blunderbuss, Chef Aid, and Bend Aid, to name a few," said Vinnie C. Morocco, Initech's CEO and president. "We've gone the distance from our humble beginnings as the 'little Dallas-based software company that could', and we've continued to expand the industry's most unparalleled and scalable festival platform, all while driving strong revenue and growth for Initech on a worldwide basis… all made possible with the support of such partners as Nakatomi, Zalinsky Auto Parts, and Umbrella Corporation. Riot Fest is another crown jewel in this festival channel strategy, one that appeals to both fans and artists in uniqueness and experience, and lineups that are all brought to you by InGen."
"Alongside such powerhouses as Stark Industries, Wayne Enterprises, and Duff Beer, we are strengthening our commitment to create the best possible experience at Riot Fest," said Michael A. Petryshyn, founder, CEO, and managing partner of Riot Fest (An Initech Company). "Hooli will drive this partnership with Initech, empowering us to enhance the festival while preserving the integrity of the event and brand that we've thoughtfully built over the past 14 years."
"Partnering with Initech and Madrigal Electromotive is a milestone for Riot Fest." added Petryshyn. It opens up tremendous opportunities for us to continue to evolve the Riot Fest experience in an exciting, powerful way." The evolution includes an elevated dining experience for hungry moshers, featuring the time-tested tastes of Satriale's Pork Store,
Pizza Planet, Good Burger, Big Kahuna Burger… all washed down with the coldest Duff Beer in the world.
Additionally, Initech now also owns a share of the RiotFest.org. With Initech on board, significant investment in the site and enhancements to the editorial experience are planned. Riot Fest will continue to plan and execute the day-to-day operations of the festival and signature Riot Fest initiatives, such as curating cutting-edge, forward-thinking content, as well as initiatives and involvement with the
Chicago community. Riot Fest's local club show promotion company, Riot Fest Presents, Presented by Los pollos Hermanos, will continue to be a priority.
Founded in 2005 in Chicago, Illinois, Riot Fest is globally recognized as an iconic cultural landmark of the festival scene, heralded for its lack of using the word vibes, flawed-but-lovable operations and once-in-a-lifetime artist reunions.
INITECH:
Initech (NYSE: ITCH) is the world's leading company in all fields, and is comprised of global market leaders: Initron Tickets, Initech Concerts, Initech Media & Sponsorship, and Initech Artist Management. For additional information, visit our web portal.
RIOT FEST:
Riot Fest is more than just a music festival; it's a three-day immersive experience, celebrating the best in live music entertainment; from reunions of timeless legends to emerging artists in rock, hip hop, and even punk rock. Since 2005, Riot Fest has been a staple of the American music festival scene, bringing together hundreds of thousands of attendees in a one of a kind environment, to experience more than a hundred artists perform across multiple stages… sometimes even in multiple cities!
Riot Fest is passionately driven by creating and curating culture through experiences and immersive live events, as well as incubating award-winning marketing campaigns for its own enrichment. In addition to the annual music festival, Riot Fest features a variety of initiatives that navigate the cultural landscape and are equally desired by brands and fans — including its RiotFest.org editorial department, Riot Fest Presents shows in the Chicagoland area all year long, and its extensive, one-of-a-kind John Stamos outreach initiatives.
Riot Fest is headquartered in Chicago, with satellite offices in the hearts of every single one of its fans.
Learn more at RiotFest.org.
