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Business News Live Business
Live Nation makes Baltic acquisition
By Chris Cooke | Published on Thursday 20 June 2013
Live music giant Live Nation has confirmed another move to expand its global operations by acquiring a majority stake in BDG Music Group, the biggest concert promoter (according to Live Nation) in the Baltic region. The Estonia-based company will continue to be run by its existing management team, but will rebrand as Live Nation Baltics.
Confirming the deal, Live Nation top man Michael Rapino told reporters: “With this acquisition we now have operations in 43 countries. This further demonstrates our ongoing commitment to expanding our global footprint, which enables us to bring live entertainment to even more fans around the world”.
BDG co-founder Peeter Rebane added: “BDG has more than eighteen years’ experience in the business of creating unique shows and events for the public and providing superior entertainment-related services. Being part of the world’s leading entertainment company will create even better opportunities for local music fans to see world class concerts in future”.
