Live Nation Partners With Munich Arena In $335M Venue Deal

Live Nation has joined forces in a strategic partnership with the team behind Munich Arena.

Why it matters:

• The Munich Arena will be located near Munich International Airport and host 20,000 fans.

• It aims to be the first arena in Germany to achieve Gold certification by the German Sustainable Building Council, a leading authority in sustainable construction.

• The Ticketing Business reports it will be funded by $335 million of private sector investment.

• Live Nation owns and operates other European arenas such as the Ziggo Dome in Amsterdam, 3Arena in Dublin and the Royal Arena in Copenhagen.

What they said:

• Tom Lynch, President of Venues at Live Nation EMEA: "The record-breaking Adele residency last summer proved how much Munich and the surrounding region value live music."

• He added: "The Munich Arena will play a key role in attracting talent and audiences to the region, and we're excited to support its growth."