BUENOS AIRES, Argentina,
Dec. 20, 2018 /PRNewswire/
-- Live Nation Entertainment, the world's leading live
entertainment company, announced today that it has acquired a
majority stake in DF Entertainment, one of Argentina's top independent concert promoters.
The companies plan to combine DF Entertainment's broad reach and
regional expertise with Live Nation's extensive resources to
continue growing live entertainment offerings throughout
Argentina. The Buenos
Aires-based company sold more than 500,000 tickets to events in
2018, and oversees a rapidly growing lineup of artists for both
concerts and festivals.
Founded and owned by Diego
Finkelstein, DF Entertainment helped pioneer the Argentinian
live music industry. DF Entertainment will continue to oversee all
operations throughout its varied portfolio, ranging
from concert promotion, music festival
production, ticketing services, and equity in local
venues.
Over the past several years, DF Entertainment and Live Nation
co-promoted many shows, bringing big name international acts such
as Coldplay, Bon Jovi, Foo Fighters, Ariana Grande and
Phil Collins to the region. DF also
serves as the trusted local partner, promoter, and ticketing
provider for Lollapalooza Argentina, in partnership with C3
Presents, a Live Nation Entertainment owned company.
"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," said Michael Rapino, President and CEO, Live Nation
Entertainment. "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," said Finkelstein. "I'm very proud of our
team and can't wait to see our event lineup grow even more with the
support and resources of Live Nation behind us."
Live Nation has continued to see a growing demand for concerts
throughout Latin America, with more global tours traveling to,
and selling out shows, in the region each year. The company has
been actively focused on building its profile and scope in the
region through local business development and tour booking
teams.
For a full list of DF Entertainment's upcoming tours and concert
dates visit: http://dfentertainment.com/events.
About Live Nation Entertainment
Live Nation Entertainment (NYSE: LYV) is the world's leading live
entertainment company comprised of global market leaders:
Ticketmaster, Live Nation Concerts, and Live Nation Sponsorship.
For additional information, visit
http://www.livenationentertainment.com and
http://www.livenation.lat.
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SOURCE Live Nation Entertainment