BUENOS AIRES, Argentina, (CelebrityAccess) — Live Nation Entertainment announced on Thursday that it has acquired a controlling interest in one of Argentina’s leading independent concert promoters – DF Entertainment.
Founded and owned by Diego Finkelstein, DF Entertainment helped pioneer the Argentinian live music industry and the combined companies will leverage DF Entertainment’s presence in the market with Live Nation’s global reach, the company said.
DF Entertainment will continue to oversee all operations throughout its varied portfolio, ranging from concert promotion, music festival production, and ticketing services, as well as its stake in local venues such as the Hipódromo De San Isidro, Directv Arena, and the Estadio Hípico Argentino. This year alone, DF Entertainment has sold more than 500,000 tickets to events.
DF and Live Nation have collaborated on numerous occasions in the last several years, including for regional shows for international touring artists such as Coldplay, Bon Jovi, Foo Fighters, Ariana Grande and Phil Collins.
DF also serves as the local promoter and partner and ticket service provider for high profile Live Nation brands such as Lollapalooza Argentina.
“The demand for concerts and live events across South America has never been higher, and the local insight of Diego and the DF Entertainment team will help us connect more artists and fans throughout Argentina than ever before,” said Michael Rapino, President and CEO, Live Nation Entertainment. “DF Entertainment has proven to be an amazing partner and the premier promoter in Argentina, and we’re glad to have them join the Live Nation family after many years working together.”