Ashley Capps, co-founder of
AC Entertainment, developed Bonnaroo following the cancellation of the Hot Summer Nights rock music festival in
Knoxville, Tennessee in 1999. Hot Summer Nights, which was a mainstay in Knoxville's
World's Fair Park, suspended operations permanently following construction by city officials. Capps said: "The closing of the World's Fair Park for concerts precipitated getting creative and trying to find, 'OK, if we can't do this anymore, how can we still participate in the summer outdoor concert business,' and it was from that that Bonnaroo was ultimately launched." The festival was launched in 2002 by Capps,
Superfly, manager
Coran Capshaw and music agent
Chip Hooper. In 1999, the future site of Bonnaroo hosted the Itchycoo Park Festival (named after the song
Itchycoo Park by
Small Faces), considered the spiritual predecessor to Bonnaroo. Inspired by the 1974
Dr. John album
Desitively Bonnaroo, In 2019, after a record-breaking festival sellout, it was announced that
Live Nation was buying out
Superfly's share of Bonnaroo. The 2020 event was initially pushed back three months until September 2020, and ultimately cancelled because of health concerns surrounding the
COVID-19 pandemic in the United States. The 2021 event was canceled due to torrential rainfall from
Hurricane Ida saturating the stage area, campgrounds, and tollbooth area, and making ground conditions unsuitable for vehicle traffic. In 2025, the day after its Thursday night opening, the festival was cancelled due to severe weather.
Hulu has exclusively streamed the festival from 2022 to 2024, alongside
Austin City Limits Music Festival and
Lollapalooza. Bonnaroo co-founder
Jonathan Mayers, who launched the festival with Superfly co-founders Kerry Black, Rick Farman, and Richard Goodstone, died on June 10, 2025, at the age of 51. ==Economy==