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Brian Becker And Scott Zeiger Announce The Formation Of
BASE Entertainment - A Global, Live Entertainment Company

Live Entertainment Veterans Open Offices in New York, Las Vegas and Houston

(May 5, 2006 -- New York, NY) Accomplished live entertainment executives Brian Becker and Scott Zeiger announced today the formation of BASE Entertainment, a producer, presenter, venue programmer, and operator involved in live, theatrical entertainment and content on a worldwide basis. Partnered with Los Angeles-based private equity firm, Clarity Partners, LP, BASE Entertainment recently acquired interests in numerous properties from Live Nation (NYSE: LYV), including Andrew Lloyd Webber's Phantom - The Las Vegas Spectacular, Cirque du Soleil's Delirium, rights to build and operate two venues in the newly branded Planet Hollywood Las Vegas' Resort & Casino and the Broadway-bound original musical Martin Short: Fame Becomes Me.

Through a combination of development and acquisition, Becker and Zeiger will continue to grow BASE Entertainment from its initial properties into a worldwide, live entertainment company whose portfolio of projects already includes Broadway and touring theatrical productions, entertainment venues, Las Vegas attractions and various intellectual properties.

"Brian, Scott and the management team at BASE are among the most successful executives working in live entertainment today and have helped affect significant changes in the industry including the creation of the largest national networks for touring theatrical productions, music amphitheaters, live entertainment sponsorships and specialized motor sports entertainment," expressed Stephen Rader, Managing General Partner of Clarity Partners. "We have known the BASE team for over a decade and watched them develop these concepts within the framework of Clear Channel Entertainment, SFX and PACE. We believe the groundwork has been planted to create a pre-eminent live entertainment vehicle."

"What a pleasure it is to be in business with BASE," stated Bernie Brillstein, founding partner of Brillstein-Grey Entertainment. "I'm impressed with the honesty, integrity and efficiency with which they operate. The next show I do and represent, I will be doing with them all over again." Brillstein represents actor and comedian Martin Short who is currently starring in a BASE production, the original musical Martin Short: Fame Becomes Me, currently previewing in San Francisco.

"It takes an open and visionary mind to understand the kind of work we create. With Brian and Scott, a trust has developed over the years that we've never had with any other organization. Their creativity and dedication is in concert with everything that Cirque du Soleil stands for and we will be working on many projects in the future," said Daniel Lamarre, President and CEO of Cirque du Soleil.

Although many projects are in development, currently BASE Entertainment's ventures include:

  • Andrew Lloyd Webber's Phantom - The Las Vegas Spectacular - in partnership with leading live event producer Live Nation, the legendary Broadway show opens in an excitingly re-imagined $35 million production in a $40 million state of the art, custom-built opera house at the Las Vegas Sands' (NYSE: LVS) Venetian Resort Hotel. With a score by Andrew Lloyd Webber and directed by legendary Harold Prince, the 90-minute live spectacle opens late June 2006.

  • Planet Hollywood Las Vegas Resort Theatres - BASE is constructing and will program and operate both a 7,000-seat state of the art theatre for performing arts and a flexible 1,450 seat showroom at the newly-branded Planet Hollywood Las Vegas Resort & Casino. BASE will also develop, produce, and organize shows for both theatrical venues.

  • Cirque du Soleil's Delirium -- BASE is an associate producer of this Cirque du Soleil/Live Nation global arena touring production, which began performances January 2006.

  • Martin Short: Fame Becomes Me - Broadway-bound comedy musical starring the Emmy and Tony Award-winning Martin Short, written by Tony Award-winning team of Marc Shaiman and Scott Wittman (Hairspray). Arrives on Broadway July 2006 after engagements in San Francisco, Toronto and Chicago.

  • MBST Creative Partnership - BASE is joining forces with MBST, a full-service management company that produces film, television and live stage productions and has a roster of more than 35 clients, representing an array of Oscar, Tony, Emmy and Grammy-winning artists including Robin Williams, Billy Crystal and Woody Allen. The joint venture will create theatrical and comedic attractions for Broadway, Las Vegas and touring markets. MBST is a wholly-owned subsidiary of CKX, Inc.

  • Gordie Brown Comedy Show - BASE is producing this renowned stand-up comedian, impressionist/musician in a custom built 700-seat performance space at The Venetian Hotel in Las Vegas. The $2.5 million production begins performances in August 2006.

"Brian and Scott possess vast knowledge and experience in the area of live entertainment," said Robert G. Goldstein, President and Chief Operating Officer of The Venetian Resort Hotel Casino. "They are industry leaders in the field who also have a keen understanding of the nuances involved with doing business in Las Vegas. Our relationship on Phantom Vegas is a perfect fit."

"We are fortunate and very excited to have acquired such wonderful properties as we launch our new company. These projects involve some of the most successful and creative talent in the entertainment industry," said Co-Chief Executive Officer Brian Becker.

"In addition to what we've announced, we have several exciting projects in development," said Co-Chief Executive Officer Scott Zeiger. "As our vision calls for substantial creation of live entertainment, we're also thrilled to have Live Nation as an ally, partner and friend as we build our platform."

BASE has offices in New York, Las Vegas and Houston. For more information visit www.baseentertainment.com.

ABOUT BASE:

Brian Becker
Brian Becker is an entertainment industry veteran with more than 20 years of experience building and managing worldwide live entertainment businesses. From 2000 to 2005 Becker served as Chairman and CEO of Clear Channel Entertainment, establishing and operating national, industry-leading businesses in the music, theater, motor sports, exhibitions, properties and sports agency industries. During his tenure, he was named one of the 100 Most Powerful People in Entertainment by "Entertainment Weekly" Magazine for four consecutive years. From 1998 - 2000, Becker served as Executive Vice President and Director of SFX Entertainment, and previously as the CEO and President of PACE Entertainment. He serves on the Community in Schools, Gibson Guitar Corporation and other boards. His career has included worldwide music tours (U2 and Madonna); Tony Award-winning productions (The Producers and The Who's Tommy); star athlete management (Michael Jordan and Andre Agassi) and venue development (Boston Opera House and Philadelphia/Camden Tweeter Center).

Scott Zeiger
Scott Zeiger has been producing and presenting live entertainment events and has been an industry leader for over 20 years. In 2005 Zeiger founded and served as Chairman and CEO of Clear Channel Entertainment's newly formed Productions Group. Prior to forming this new division, Zeiger served as CEO of CCE's North American Theatrical division from 2000 to 2005. From 1998 to 2000, Zeiger served as President of SFX Theatrical Group and managed a period of sustained growth in the Company's international acquisition and producing efforts. As a founding executive of PACE Theatrical Group in 1983 until the Company's acquisition by SFX Entertainment, Zeiger served in several capacities, from Vice President of Marketing to President. He began his live entertainment career producing events as an undergraduate and graduate student at the University of Florida. Zeiger has earned five Tony Awards as a producer and many others for his productions, including "The Who's Tommy", "The Producers", and Billy Crystal's "700 Sundays". He sits on the executive committee of the League of American Theatres and Producers and the Tony Management Committee.

Clarity Partners, LP
Clarity Partners is a Los Angeles-based private equity firm with over $800 million in committed capital focused exclusively on investments in communications, media, and business services. All of the senior members of the Clarity team have been successful investors in these industry segments over long investment careers and have had diverse and accomplished senior level operating and financing experience. Other current Clarity investments in media companies include ImpreMedia, Oxygen Media, Liberation Entertainment, Crescent Entertainment/Village Roadshow Pictures, and Vue Entertainment. www.claritypartners.net

CONTACT:
Michael Hartman
Barlow-Hartman Public Relations
212.398.1800
michael@barhart.com

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