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There's "more to come", says Global Entertainment as it grows its festival portfolio to 17 events in the UK, Europe and North America
By Jon Chapple on 21 Mar 2017
Just four days after IQ revealed the UK’s largest festival promoter, Live Nation, had acquired Isle of Wight Festival, the second-largest – Ashley Tabor’s Global Entertainment – has made two buys of its own.
With the acquisition of majority stakes in Victorious Festival, a family-friendly festival in Portsmouth, in southern England, and Hideout Festival, an electronic music event on the Croatian island of Pag, Global’s festival portfolio now stands at a total of 17 events, cementing its position as a major player in the increasingly consolidated international festival market.
Global Entertainment, initially headed up by ex-AEG CEO Randy Phillips (now at LiveStyle, the former SFX) entered the festival business in 2015 following the acquisition of Broadwick Live.
“We are continuing to grow our portfolio, with more to come”
Global acquired UK festivals South West Four, Field Day, Boardmasters, Rewind, Y Not and Truck last October. It also promotes Austrian music/ski festival Snowbombing – which will expand to North America this year with the inaugural Snowbombing Canada – and Welsh boutique event Festival №6, as well as Standon Calling, Glass Butter Beach, Lost Village and former Hideout rival Electric Elephant.
In addition to its Entertainment division, which includes music publishing, management and live and touring operations, Global is one of the UK’s largest commercial broadcasters through Global Radio (Heart, Capital, Smooth, Classic FM) and Global Television (Capital TV, Heart TV).
“We are excited to welcome Victorious and Hideout Festival to the family,” says Global COO Ian Hanson. “Each of them is a renowned music festival with a strong and loyal following, and we look forward to working with the festivals’ management teams to grow them to the next level. We are continuing to grow our portfolio, with more to come.”
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