Live
Nation Entertainment has acquired a majority stake in BDG Music Group,
the Baltic region's largest concert promotion company, according to Live
Nation. The group will retain its current management team, although
upon completion of the deal, it will be renamed Live Nation Baltics.
Full terms of the deal were not disclosed.
Since early 2012, BDG Music has produced more than 50 shows in the
Baltics and sold more than 200,000 tickets. Live Nation Baltics is
slated to produce major concerts, including shows by Robbie Williams and
Depeche Mode, among others.
"With this acquisition we now have operations in 43 countries,”
Michael Rapino, Live Nation Entertainment president and CEO said in a
statement. “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 has more than 18 years' experience in the business of creating
unique shows and events for the public and providing superior
entertainment-related services,”said Peeter Rebane, stated BDG Music
co-founder.“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."
Live Nation’s chairman of International Music Thomas Johansson noted
in the same release that, “BDG's extensive network in Estonia and
Lithuania will strengthen our position in Eastern and Central Europe and
will offer our artists a full run around the Baltic Sea."
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