Live Nation has signed a binding letter of intent to purchase the majority of the late Florida concert promoter Jon Stoll's live entertainment assets.

The deal includes 3,500-capacity Mizner Park Amphitheater in Boca Raton, Fla., and the 2,900-capacity Pompano Beach (Fla.) Amphitheatre, as well as the Fantasma name and current inventory of shows, and two music festivals produced by Fantasma.

Lori Stoll, Jon Stoll's widow and a principle in Fantasma, will be employed by Live Nation in a senior position in the company's Florida office, and maintain a percentage ownership in the business for several years. She will also maintain ownership of the Fantasma Tours International booking agency.

The Fantasma additions will fill important niches in Live Nation's Florida venue portfolio which already includes the House of Blues in Orlando (capacity 2,100), the Ford Amphitheatre in Tampa (capacity 19,000), Cruzan Amphitheatre in West Palm Beach (capacity 19,000) and the newly-opened Fillmore Miami Beach at the Jackie Gleason Theatre in Miami Beach (capacity 2,100). The acquisition will also add two venues in the important mid-sized venue category in one of the top 20 markets in the United States.

Stoll died Jan. 12 at 54 after an extended illness.

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