Woodruff Arts Center, the owner of the Verizon Wireless Amphitheatre, will "benefit from a more predictable stream of revenues" under the terms of the deal
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LN will, through its Danish Venue Enterprise subsidiary, manage the day-to-day running of the new arena, specifically built for live entertainment
By IQ on 08 Dec 2016
Live Nation will operate the Royal Arena in Copenhagen when it opens in February 2017.
The new 16,000-capacity indoor arena, expected to host 80+ live entertainment and sporting events annually, will be managed by Live Nation Entertainment’s Danish Venue Enterprise subsidiary.
The 55,000-cap. Parken stadium, operated by football team FC Copenhagen, is currently the Danish capital’s largest entertainment venue, with no 10–20,000-capacity arena in the region.
“Finally, the Danish capital is ready to enter the major league of European cities that have large indoor arenas specifically designed for live entertainment”
Dan Hammer, CEO of Danish Venue Enterprise, says: “The completion of Royal Arena represents a significant development for Copenhagen. Finally, the Danish capital is ready to enter the major league of European cities that have large indoor arenas specifically designed for live entertainment. Artists, athletes and fans are in for a treat when Royal Arena opens in February 2017.”
“We now have a state-of-the-art venue in wonderful Copenhagen and we couldn’t be more pleased,” adds Live Nation’s chairman of international music, Thomas Johansson. “It’s an exciting time for Denmark’s capital.
“Metallica will be the first act to grace the Royal Arena stage with four sold-out shows early next year [3–5 and 9 February], and what a way that will be to kick off this venue’s bright future.”
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