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Live Nation in concert deal with Latin Americans

Live Nation in concert deal with Latin Americans

Concert company Live Nation Inc. said Thursday it has agreed to an exclusive five-year deal with entertainment firms CIE and Time for Fun to extend its reach into Latin America.
Terms were not disclosed.
CIE, which operates top venues, promotes major concerts and operates a ticketing platform in many important music markets including Mexico City, is the third largest concert promoter in the world, according to Billboard magazine. It is publicly traded on the Mexican stock exchange.
CIE holds an investment in Time for Fun, which has operations in Brazil, Chile, and Argentina.
The agreement "will immediately allow us to expand our global distribution pipe into more than 25 new outlets and give us access to growing music markets with a total population of more than half a billion people," Live Nation chief executive Michael Rapino said in a statement.


Updated : 2021-07-24 01:08 GMT+08:00