LOS ANGELES (CelebrityAccess MediaWire) — Live Nation continues to expand its reach into Europe with the acquisition of Gamerco, Spain’s largest promoter, and a majority stake in Jackie Lombard Productions, a leading promoter in France. When completed, these acquisitions will increase Live Nation’s presence from five to seven of the top 10 music markets worldwide, including,
in addition to France (the fifth largest) and Spain (the ninth largest), the
United States (#1), the United Kingdom (#3), Germany (#4), Canada (#6), Italy
(#8) and Holland (#10).
"Gamerco and Jackie Lombard Productions are both highly dynamic, creative and
successful companies which perfectly complement our existing global promotion
portfolio and move us closer to our goal to be in all of the top music markets
around the world," said Michael Rapino, CEO of Live Nation.
The acquisition of Gamerco, along with its affiliates Iguapop, Troubleshooter
and Cetisa, brings its principals, Gay Mercader, Pino Saggliocco and Roberto
Grima, under the Live Nation umbrella. Gamerco produces more than 250 shows per
year primarily in the largest cities in Spain, including Madrid and Barcelona.
Its shows include many local Spanish or Spanish-speaking artists as well as
international superstars such as Marc Anthony, Il Divo, Luis Miguel, The Who and
George Michael.
"We are extremely excited to become part of the Live Nation team and look
forward to working with our colleagues around the world to create new
opportunities for artists and fans alike," said Mercader.
In Paris and throughout France, Jackie Lombard Productions regularly produces the top concerts by international artists such as
Madonna, The Rolling Stones, George Michael, Depeche Mode and Ricky Martin.
Lombard's shows attract over 250,000 fans each year. This acquisition is expected to close early in 2007.
"I am very pleased to be able to join with Live Nation to build our business in France," said Lombard. — Jane Cohen and Bob Grossweiner
