Insomniac (promoter)
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Insomniac (promoter)
Insomniac (formerly Insomniac Events) is an American electronic music event promoter and music distributor. Founded by Pasquale Rotella, it is the organizer of various music festivals, including its flagship electronic music festival Electric Daisy Carnival (EDC) in Las Vegas. Alongside EDC, Insomniac runs the electronic music events Beyond Wonderland and Nocturnal Wonderland, as well as drum and bass and dubstep-oriented events under the brand Bassrush, hardstyle events under the brand Basscon, and trance events under the brand Dreamstate. The company also owns a stake in the Okeechobee Music & Arts Festival. Insomniac is also involved in the operation of three Los Angeles nightclubs—Create (in partnership with SBE, built on the site of the former Vanguard Hollywood), Exchange L.A., and the underground warehouse Factory 93, located at 1756 Naud Street. It then acquired Miami's Club Space in 2019. In 2014, Insomniac introduced a co-branded EDM record label known as Insomnia ...
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Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on '' Forbes'' survey of closely held U.S. businesses sold a trillion dollars' worth of goods and services ...
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