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Live Nation Moves Ahead With $444M Acquisition of OCESA Entertainment

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After suspending negotiations last year following the onset of the COVID-19 pandemic, Live Nation Entertainment has announced it will proceed with its acquisition of a 51% controlling interest in OCESA Entretenimiento.

The deal, suspended last year during the pandemic, is now set for regulatory approval

OCESA is owned by Grupo Televisa and Corporacion Interamericana de Entretenimiento , a major promoter and producers of concerts, festivals and sports and family events in Latin America. But Live Nation's growing interest in the Latin market were clear and OCESA was the behemoth. In 2019, OCESA’s holding company, Grupo Corporación Interamericana de Entretenimiento, produced over 3,400 shows from the United States to Colombia and throughout Central America, reporting $233.2 million in ticket sales to 936 events for 4.3 million fans, according to Billboard's 2019 year-end Boxscore charts.

Today, concerts are just beginning to resume in Mexico and have not yet kicked off in the rest of Latin America, but confidence is running high that they will.

 

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