Live Nation buys renowned Portuguese promoter
The "indirect controlling stake" in the country's largest promoter Ritmos e Blues also gives LN a majority share in Altice Arena in Lisbon
News By Lisa Henderson | 27 April 2023
Live Nation has reportedly bought a controlling stake in Portugal’s leading promoter Ritmos e Blues (Rhythm and Blues).
Founded in 1990 by Nuno Braamcamp and Álvaro Ramos, the company has promoted concerts for the likes of Whitney Houston, Bruce Springsteen, Bryan Adams, Dire Straits, Michael Jackson, Prince, Phil Collins, U2, Rolling Stones, George Michael and The Police.
Ritmos e Blues was responsible for several of the first stadium concerts in the country, including a groundbreaking event with Tina Turner at the Estádio de Alvalade in 1990 with 65,000 spectators.
The Lisbon-based firm is also a co-producer of Rock in Rio Lisbon, one of the biggest music festivals in Europe, which has been taking place since 2004.
Ritmos e Blues was responsible for several of the first stadium…
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