Live Nation Takes Majority Ownership of Movistar Arena Buenos Aires
The move increases the touring giant’s footprint in Latin America
Live Nation Entertainment has acquired a majority stake in Movistar Arena Buenos Aires.
Why it matters:
Movistar Arena is one of Latin America’s leading live entertainment venues.
Since opening in 2019, the 15,000-capacity arena has hosted more than 250 events annually, with more than 2.5 million fans passing through its doors each year.
The arrangement:
Live Nation says it will support the current management team in its day-to-day operations.
The venue will remain an open building available to all qualified promoters.
La Nación, former majority owner of the arena, will remain as a shareholder.
What they said:
Gabriel Dantur, CEO of Movistar Arena Buenos Aires: “Since opening our doors, Movistar Arena Buenos Aires has become a benchmark for live entertainment in Argentina and across Latin America. Live Nation’s investment reflects the strength of what the team has built over the past several years, and we will continue to enhance the experience for artists, fans, partners, and promoters.”
👋 Disclosures & Transparency Block
This story was written with information from Live Nation’s press release.
We covered it because it’s news of the company extending its footprint in Latin America.
