Oak View Group and Live Nation strike Saudi stadium joint venture

The companies say concert events will be key to the strategy to expand and service the Kingdom's stadium portfolio

News By Ciaran Donnelly | 16 July 2026

Left to right: John Reid, SURJ CEO Danny Townsend, and Chris Granger © Oak View Group

Oak View Group (OVG) and Live Nation have announced a new joint venture with the Saudi Public Investment Fund (PIF) to support the growth of stadium infrastructure in the Kingdom, with a view to boosting both live music and sporting facilities in the country.

The venture will be known as Radia, and comes as a result of a partnership between the two live industry giants and the PIF’s SURJ Sports Investment company. It will aim to grow Saudi Arabia’s portfolio…

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