{"id":12750,"date":"2018-05-03T17:53:46","date_gmt":"2018-05-04T00:53:46","guid":{"rendered":"https:\/\/dailyovation.com\/?p=12750"},"modified":"2018-05-22T00:44:59","modified_gmt":"2018-05-22T07:44:59","slug":"live-nation-acquires-legendary-rock-in-rio","status":"publish","type":"post","link":"https:\/\/dailyovation.com\/2018\/05\/03\/live-nation-acquires-legendary-rock-in-rio\/","title":{"rendered":"Live Nation Acquires Legendary Rock In Rio"},"content":{"rendered":"

\"Rock<\/p>\n

Live Nation Entertainment, the world’s leading live entertainment company, is expanding its presence in\u00a0South America<\/span>\u00a0by acquiring a stake in Rock in Rio, which in 2017 was the 2nd<\/sup>\u00a0highest grossing festival in all of the world, as well as the largest music festival in\u00a0South America<\/span>, attended by more than 700,000 fans from 62 different countries.<\/p>\n

The legendary festival currently operates biennial events in\u00a0Rio de Janeiro, Brazil<\/span>\u00a0and\u00a0Lisbon, Portugal<\/span>, each which span two long weekends of artist performances and fan experiences.<\/p>\n

Rock in Rio began in 1985, and has hosted 18 editions with over 1,700 artists and 9 million attendees and engaging more than 11 million followers on social media. The festival has also been live broadcasted and streamed to more than 1 billion viewers worldwide.<\/p>\n

Read Related\u00a0Entertainment articles here<\/a><\/strong><\/h3>\n

Over the years, Rock in Rio’s headlining acts have included iconic artists such as: Queen, Prince, Guns N’ Roses, Sting,\u00a0Neil Young<\/span>, Red Hot Chili Peppers, Iron Maiden, Rihanna,\u00a0Elton John<\/span>, Metallica,\u00a0Stevie Wonder<\/span>, Shakira, Coldplay, Beyonc\u00e9,\u00a0David Guetta<\/span>,\u00a0Bruce Springsteen<\/span>, Bon Jovi,\u00a0Justin Timberlake<\/span>,\u00a0Paul McCartney<\/span>,\u00a0Britney Spears<\/span>,\u00a0Roger Waters<\/span>, the Rolling Stones and many more.<\/p>\n

“We are delighted to bring together the world’s biggest music festival with the largest entertainment company on the planet,” said\u00a0Roberto Medina<\/span>, Rock in Rio’s founder and President. “The partnership will generate a number of synergies that will enable the realization of even greater ambitions for Rock in Rio. We are two companies with a united global vision and the ability to achieve big dreams.”<\/em><\/p><\/blockquote>\n

\"Livenation<\/p>\n

Medina and his team will remain key stakeholders of Rock in Rio, continuing to manage all aspects of production as well as consulting across the business.<\/p>\n

“Rock in Rio is a marquee event which set the standard for festivals in\u00a0South America<\/span>,” said\u00a0Michael Rapino<\/span>, President and CEO, Live Nation Entertainment. “Roberto and his team have grown Rock in Rio to become a truly global event and the preeminent festival in the emerging live events market in\u00a0South America<\/span>. We look forward to integrating\u00a0 their industry expertise into the Live Nation business.”<\/em><\/p><\/blockquote>\n

With more than 100 festivals around the world, Live Nation is home to the world’s largest collection of festivals. The company has experienced a healthy demand for festivals in the region, with its partner C3 Presents expanding the Lollapalooza franchise across\u00a0Brazil<\/span>,\u00a0Chile<\/span>, and\u00a0Argentina<\/span>.<\/p>\n