Live Nation Seals Deal to Purchase Europe's Largest Indoor Venue, Paris La Défense Arena
In a significant move, Live Nation has announced its plans to acquire Paris La Défense Arena, the largest indoor venue in Europe. The deal is subject to approval from the French Competition Authority and will enable the venue to host more productions year-round.
Located in one of France's most prestigious areas, Paris La Défense Arena boasts an impressive history, having opened its doors in 2017. Since then, it has played host to a diverse range of events, including concerts by renowned artists such as Bruce Springsteen, Kendrick Lamar, and Taylor Swift, as well as the Olympic Games and the Tour de France.
As part of the deal, Live Nation plans to launch a major upgrade program aimed at enhancing the venue's facilities. This will not only improve the overall experience for attendees but also enable Paris La Défense Arena to become an even more sought-after destination for live entertainment in Europe.
Live Nation's managing director in France, Angelo Gopee, has expressed his ambition to make the arena a welcoming space for artists, event producers, and promoters. He stressed the importance of local inclusion, education, and cultural access, with the aim of driving local development and inspiring younger generations through major live experiences.
For Ovalto, the company behind Paris La Défense Arena, this acquisition represents a new chapter in its history. Jacky Lorenzetti, president of Ovalto, believes that partnering with Live Nation will unlock exciting opportunities for the venue's clients, employees, and partners.
Paris La Défense Arena's President, Frédéric Longuépée, has praised Ovalto's achievement in creating a unique venue in Europe within just over a decade. He looks forward to the arrival of Live Nation, which he believes will bring new levels of expertise and support to ensure the arena continues to thrive.
With this acquisition, Live Nation solidifies its position as a major player in the European live entertainment market, while Paris La Défense Arena is poised to become an even more prominent destination for fans and performers alike.
In a significant move, Live Nation has announced its plans to acquire Paris La Défense Arena, the largest indoor venue in Europe. The deal is subject to approval from the French Competition Authority and will enable the venue to host more productions year-round.
Located in one of France's most prestigious areas, Paris La Défense Arena boasts an impressive history, having opened its doors in 2017. Since then, it has played host to a diverse range of events, including concerts by renowned artists such as Bruce Springsteen, Kendrick Lamar, and Taylor Swift, as well as the Olympic Games and the Tour de France.
As part of the deal, Live Nation plans to launch a major upgrade program aimed at enhancing the venue's facilities. This will not only improve the overall experience for attendees but also enable Paris La Défense Arena to become an even more sought-after destination for live entertainment in Europe.
Live Nation's managing director in France, Angelo Gopee, has expressed his ambition to make the arena a welcoming space for artists, event producers, and promoters. He stressed the importance of local inclusion, education, and cultural access, with the aim of driving local development and inspiring younger generations through major live experiences.
For Ovalto, the company behind Paris La Défense Arena, this acquisition represents a new chapter in its history. Jacky Lorenzetti, president of Ovalto, believes that partnering with Live Nation will unlock exciting opportunities for the venue's clients, employees, and partners.
Paris La Défense Arena's President, Frédéric Longuépée, has praised Ovalto's achievement in creating a unique venue in Europe within just over a decade. He looks forward to the arrival of Live Nation, which he believes will bring new levels of expertise and support to ensure the arena continues to thrive.
With this acquisition, Live Nation solidifies its position as a major player in the European live entertainment market, while Paris La Défense Arena is poised to become an even more prominent destination for fans and performers alike.