Originally built by the Nederlander Organization in the early 1970s, the DTE Energy Music Theatre is a 15,274-seat amphitheater located in Clarkston, Michigan. It was originally known as the Pine Knob Music Theatre, due to its proximity to the nearby Pine Knob ski area and golf course. The name was changed in 2002 when DTE Energy (the parent company of Detroit Edison) purchased the naming rights to the amphitheater in a ten-year, $10 million deal. Despite this change, many people still continue to call the venue "Pine Knob", "The Knob", or "The Hill". The amphitheater is currently owned by Palace Sports and Entertainment, owner of the Detroit Pistons, The Palace of Auburn Hills and the Meadow Brook Music Festival. Annually, the music theater has consistently ranked among the top-selling outdoor concert venues in the nation.