The all-stock deal – significantly less than the roughly £31m raised by the start-up since 2012 – will make the Time Out Group "stronger than ever", says its CEO
Sign up for IQ Index
The latest industry news to your inbox.
15,000 people packed into SMG's Coliseo arena on 4 June as Move Concerts brought Ed Sheeran's ÷ tour to Puerto Rico
By Jon Chapple on 06 Jun 2017
Ed Sheeran was presented with an award plaque by the Coliseo de Puerto Rico on Sunday night after his sold-out show in the US territory.
Sheeran’s third headlining concert trek, the ÷ (pronounced ‘Divide’) tour, is currently winding its way across Latin America ahead of his return to the UK on 22 June for The O2’s tenth birthday shows.
The Move Concerts-promoted Puerto Rico show, which drew 15,000 fans to the SMG-operated Coliseo, was well received on the island, with local paper El Nuevo Día praising Sheeran as a “complete showman” (“It is incredible that a solo singer, armed only with his guitar, can generate as much passion and energy as Sheeran did,” writes reporter Rafael Vega Curry) and hailing the show’s production, which “magnificently amplified the emotional effect of the music”.
Puerto Rico is growing in importance as a touring destination, with SMG rival AEG planning to open a 6,000-cap. music and entertainment venue in early 2019.
Get more stories like this in your inbox by signing up for IQ Index, IQ’s free email digest of essential live music industry news.