IRELAND-BASED live music impresario Denis Desmond has broken his silence on the take-over of MAMA & Company by LN-Gaeity exclusively to LIVE UK.
LN-Gaeity is the joint venture formed by his Gaiety Investments company and Live Nation Entertainment, and owns Reading (cap. 90,000), Leeds (80,000) and Latitude (35,000) festivals promoter Festival Republic.
He suggests a deal is close for Academy Music Group (AMG), which is 51 per cent owned by LN-Gaeity, to adopt the newly acquired MAMA venues, but neither AMG nor its other two major shareholders, SJM Music and Metropolis Music, would confirm the deal.
Posted on: 21/09/2015Categories: News from Live UK