LN-owned Secret Sounds buys Kicks Entertainment
Kicks is a premier Australian event management company which founded Foreshore Festival, Warehouse Festival and flagship festival Spilt Milk. The latter has sold out within minutes every year since its 2016 debut and has since expanded to three locations, Canberra, Ballarat and Gold Coast.
Financial terms of the deal between Secret Sounds and Kick Entertainment have not been disclosed.
“As festival and music fans ourselves, it’s exciting for us to have new partners that share our vision for event experiences that are fan-focused,” say Kicks Entertainment co-owners Jeff Drake and Ryan Sabet. “This partnership will evolve our conversations with artists and provide opportunities to activate venues and festivals that can house them. It will strengthen our ability to produce festival tours that deliver on our vision of ensuring quality over quantity.”
“[This] will strengthen our ability to produce festival tours that deliver on our vision of ensuring quality over quantity”
“Partnering with Secret Sounds and Live Nation is a natural step towards securing the future of new events and cementing those currently in the roster. The majority stake acquisition is also a boost for our loyal, local team. It brings new opportunities to enhance the already exceptional Kicks offerings and provides resources at an important time when fan experience is paramount.”
Secret Sounds co-CEOs Jessica Ducrou and Paul Piticco, add: “We’ve admired Jeff and Ryan’s work for a long time, they are brilliant entrepreneurs and the next generation of Australian promoters.
“We’ve been super impressed with the way they deliver their events and the consistent growth they’ve achieved with Spilt Milk, including the addition of a Gold Coast show which promptly sold out within days. We are very excited about this partnership and we’re looking forward to combining all of our skillsets and knowledge to support Spilt Milk’s further growth in the future.”
Secret Sounds is enjoying a bountiful return to live events, with a sold-out Splendour in the Grass (cap 50,000), the ‘biggest Falls line-up ever’ featuring Lil Nas X and Arctic Monkeys, and a slate of sold-out tours including Gorillaz, The Strokes and Jack Harlow.
Live Nation bought a majority stake in the New South Wales-based company in 2016, acquiring a 51% stake in Splendour and Falls, as well as its touring, sponsorship, PR, artist management and agency divisions.