Live Nation Belgium has acquired venue operator Antwerps Sportpaleis, which runs the 23,000-cap. Sportpaleis arena, among others
Sign up for IQ Index
The latest industry news to your inbox.
Less than two weeks after announcing the acquisition of Switzerland's Mainland Music, Live Nation has gained a majority stake in Lolla Argentina promoter DF
By Jon Chapple on 21 Dec 2018
Live Nation has found time for one further corporate takeover before the year’s end, capping off its most acquisition-heavy 12 months to date by buying a majority stake in Argentine promoter DF Entertainment.
Buenos Aires-based DF, founded in August 2015 by veteran concert promoter Diego Finkelstein, sold more than 500,000 tickets to its concerts and festivals in 2018. The company has worked with Live Nation on several co-promotions over the past three years, including shows by Coldplay, Bon Jovi, Foo Fighters, Ariana Grande and Phil Collins.
In partnership with Live Nation-owned C3 Presents, DF Entertainment is also the promoter and ticketing provider of the local edition of Live Nation’s Lollapalooza festival, Lollapalooza Argentina.
The DF deal, terms of which were not disclosed, is Live Nation’s 16th acquisition or equivalent this year, following Mainland Music earlier this month.
“The demand for concerts and live events across South America has never been higher”
“The demand for concerts and live events across South America has never been higher, and the local insight of Diego and the DF Entertainment team will help us connect more artists and fans throughout Argentina than ever before,” says Live Nation’s president and CEO, Michael Rapino.
“DF Entertainment has proven to be an amazing partner and the premier promoter in Argentina, and we’re glad to have them join the Live Nation family after many years working together.”
“Argentina’s live music industry continues to flourish, and together with Live Nation, so will DF Entertainment,” adds Finkelstein. “I’m very proud of our team and can’t wait to see our event line-up grow even more with the support and resources of Live Nation behind us.”
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.