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Live Nation Acquires Majority Stake in Buenos Aires Arena
June17
Live Nation Entertainment has acquired a majority stake in the 15,000-capacity Movistar Arena Buenos Aires, one of Latin America’s leading live entertainment venues.
Since opening in 2019, the venue has established itself as a major destination for live events in the region, hosting more than 250 events annually and welcoming over 2.5 million fans each year. The arena has attracted both international touring artists and leading regional talent.
Under the agreement, Live Nation will support the existing management team as they continue to operate the venue. The company stated that the arena will remain an open venue available to all qualified promoters.
“Movistar Arena Buenos Aires is one of the premier venues in Latin America,” said Michael Rapino, President and CEO of Live Nation Entertainment. “We are excited to support the Movistar Arena team in providing a first-class environment for artists and fans.”
“Since opening our doors, Movistar Arena Buenos Aires has become a benchmark for live entertainment in Argentina and across Latin America,” said Gabriel Dantur. “Live Nation’s investment reflects the strength of what the team has built over the past several years, and we will continue to enhance the experience for artists, fans, partners, and promoters.”
As part of the transaction, La Nación, the venue’s former majority owner, will remain a shareholder in the business and continue its involvement in the arena’s future development.
The acquisition further expands Live Nation’s presence in Latin America and adds another major venue to its global portfolio of live entertainment assets.
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