Capital Calls: SXSW’s partial savior

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Rolling Stone publisher Penske Media is taking a 50% stake in SXSW. It’s a lifeline to the annual Texas-based hipster confab and further evidence that live events are poised to bounce back in 2022, writes jennifersaba on Capital Calls.

ROLLING SOUTH. Arts-and-tech festival South By Southwest is selling a 50% stake to Rolling Stone publisher Penske Media, the Wall Street Journal reported

. That provides a lifeline to the annual Texas-based hipster confab, and further evidence that live events are poised to bounce back in 2022. The investment fits with a broader theme in media of brand owners diversifying into in-person happenings – including

 

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