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# Live Music Industry News: Rock-It Cargo, IAG, GSPS & More
- URL: https://www.hypebot.com/live-music-industry-news-today-2/
- Published: 2025-05-22T13:25:00.000Z
- Updated: 2025-05-22T13:33:52.000Z
- Description: In the latest live music industry news, private equity firm Providence Equity Partners has acquired Rock-It Cargo and its parent Global Critical Logistics. The company provides logistics services to concert tours, sports and other high-profile events.
- Author: Bruce Houghton
- Tags: Live & Ticketing, Music Business, The Live Stage, live music industry, music, music industry, musician, musicians, ticketing, #wp, #wp-post, #Import 2026-01-21 11:15

In the latest live music industry news, private equity firm **Providence Equity Partners** has acquired **Rock-It Cargo** and its parent **Global Critical Logistics**. The company provides logistics services to concert tours, sports and other high-profile events.

GCL operates as brands **Rock-It Cargo, DIETL** and **Cars** and its clients include **Taylor Swift**’s “Eras” tour, **Beyoncé** and **Paul McCartney.**

The Wall Street Journal [reported](https://www.wsj.com/business/media/it-moved-the-eras-tours-equipment-now-its-worth-over-1-billion-f297dd54?ref=hypebot.com) that the deal, which makes Providence the majority shareholder with former owner ATL Partners retaining a minority share, is worth **$1 billion.**

#### More Live Music Industry News

• Booking agency **Independent Artist Group** (IAG) has promoted veteran agent **Nick Storch** to Head of Global Artist Development. Storch is the agent for **Ghost, Sleep Token, Spiritbox, Sabaton, Gojira,** and **Frank Turner** and co-represents **Disturbed** and **Limp Bizkit**.

**• Gateway Studios & Production Services** (GSPS) has opened its new studio complex in Chesterfield, Missouri—the largest and most advanced rehearsal and production campus in the US.  
The new campus is hosting clients on-site, with new bookings continuing to build. The 32-acre facility is designed to meet the demands of the most complex touring productions, television and film projects, and high-end corporate events. It offers a seamless, purpose-built environment for creatives and crews to prepare, collaborate, and execute at the highest level.

• A NITO analysis of **20 concerts in Maryland** showed $6.2M in ticket reseller profit above original face value. Resale platform [S](https://www.hypebot.com/ftc-probes-live-nation-and-aeg-collusion-warns-stubhub/)**[tubHub](https://www.hypebot.com/ftc-probes-live-nation-and-aeg-collusion-warns-stubhub/)** accounted for more than 24% of resales.

Overall, resold tickets were twice as expensive for fans as average face value tickets.

The study was conducted by **NITO** (National Independent Talent Association) at the request of **Maryland State Attorney General’s Office**.Read more [here](https://www.hypebot.com/nito-study-of-20-shows-found-6-million-in-ticket-reseller-profit/).

• **Find the latest Live Music Industry News updated continuously under [LIVE INDUSTRY NEWS](https://www.hypebot.com/live-music-industry-newstarget=%5Fblank%20rel=) tabs above.**

*Bruce Houghton*