Live Nation buys majority stake in IoW Festival
John Giddings' Isle of Wight Festival has become the latest addition to Live Nation's growing global festival family, in its sixth acquisition of 2017 so far
News By | 17 March 2017
Live Nation has acquired a controlling stake in the UK’s Isle of Wight Festival. Through LN-Gaiety – its UK joint venture with Denis Desmond’s Gaiety Investments – the live entertainment…
giant has become the majority shareholder in the festival, adding it to its portfolio of more than 85 music festivals worldwide.
Agent and promoter John Giddings, who revived the festival in 2002 after a 32-year hiatus, will continue his leadership role.
He comments: “After 15 hugely successful and glorious years, we…
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