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The mixed-use development, currently around 30% occupied, and adjacent SunTrust Park stadium are off to a flying start, says Liberty Media CEO Greg Maffei
By Jon Chapple on 19 Jul 2017
Liberty Media CEO Greg Maffei has told investors Liberty is “increasingly a company [involved] in live performance”, as he unveiled plans to leverage his company’s stake in Live Nation to bring more live music to Atlanta, Georgia.
In an investors’ meeting yesterday afternoon, Maffei said The Battery – an under-construction entertainment district surrounding the new SunTrust Park (41,149-cap.) stadium, home to the Liberty-owned Atlanta Braves baseball team – said his focus is on “getting the rest of The Battery leased [and] seeing increased events around the whole experience, like more concerts from Live Nation”, with the promoter a “big part of” the company’s future plans.
The Battery has already hosted several live events, with John Mayer, TI, Glass Animals and comedian Dave Chappelle already having placed the 3,000-cap. Coca-Cola Roxy venue and a “strong line-up of concerts” planned for the summer and autumn, Maffei said.
The stadium itself, operated by Liberty’s Atlanta National League Baseball Club Inc. company, has also hosted headline shows by Billy Joel and Metallica.
“The Braves have begun a path to creating an awful lot of experience which is more than just putting a baseball team on the field”
Other major stadia in Atlanta include Georgia Tech’s Bobby Dodd Stadium (55,000-cap.) and GWCCA’s Georgia Dome (80,000-cap.), the latter soon to be replaced by the new Mercedes-Benz Stadium.
“Liberty is increasingly a company which has investment and operations in live performance, whether it’d be live concerts or live sporting,” Maffei told investors. “And I think you’ll see that the Braves have begun a path to create an awful lot of experience which is more than just putting a baseball team on the field. [The] Battery’s a part of that.”
In addition to Live Nation, Liberty’s other investments include motorsports series Formula 1, which it agreed to acquire last September, and satellite radio service Sirius XM, which last month pumped US$480 million into Pandora as the company sold off Ticketfly.
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