C3 Presents and Live Nation have acquired full ownership of the iconic venue and BBQ restaurant Stubb’s Austin, the companies announced Tuesday (Feb. 15). The sale includes the city block where Stubb’s is located, in Austin’s Red River Cultural District.
C3 has been handling booking at Stubb’s, which typically hosts over 100 shows annually, for the past 26 years. With Live Nation, the company will immediately begin improvements to the 2,500-capacity venue and restaurant, as well as the surrounding land. Live Nation acquired a majority stake in C3 in 2014.
In a statement, C3 promoter Amy Corbin called Stubb’s “one of the most special music venues, not only in Austin, but in the country” adding, “It’s part of our DNA as Austinites, and we intend to carry on the outstanding legacy and experience fans have come to know and love over the years.”
Stubb’s is a popular venue for the annual South by Southwest conference and festival, which runs this year March 11-20.
C3 Presents and Live Nation have been making substantial investments in Austin’s musical landscape for several years. The two companies oversee the entertainment operations of the city’s Moody Amphitheater and the new Moody Center Arena, the latter of which will open with performances by John Mayer on Apr. 20 and 21, 2022.