The Anschutz Corporation is an American privateholding company headquartered in Denver, Colorado, United States.[1] The company was started in 1958 by Fred Anschutz, a wildcatter, who developed and operated oil wells. Philip Anschutz, Fred's eldest son, assumed control of the company in 1962 and diversified it with holdings in the entertainment and hospitality industries.
The Anschutz Exploration Corporation subsidiary has continued the original business of discovering and developing oil and gas wells, with particular focus on projects in Colorado, Utah and Wyoming.[2]
The company's entertainment industry holdings are mostly controlled by its subsidiary Anschutz Entertainment Group (AEG), a sporting and music entertainment presenter and the world's largest owner of sports teams and sports events. The company is further broken down into several groups including AEG Presents, AEG Sports, AXS.com and the Anschutz Film Group. AEG Presents organizes several large music entertainment festivals including Coachella and Stagecoach,[3][4]
