AMSTERDAM (CelebrityAccess MediaWire) — Live Nation announced that it has acquired the operating company that manages and holds the 20-year lease for the Heineken Music Hall, Amsterdam’s premier music venue. The Heineken Music Hall, which has a capacity of 5,500 fans, is the only venue of its size in Amsterdam.
The venue is widely acclaimed by artists and fans alike, hosting more than 145 events per year, including recent concerts by established artists such as Bob Dylan, Lionel Ritchie and Lou Reed, as well as newer acts such as the Arctic Monkeys, Kaiser Chiefs and Damien Rice and a strong stable of local artists.
This acquisition further strengthens Live Nation’s market position in The Netherlands, which is the third largest international market for the Company, ranking behind the United Kingdom and Belgium in terms of contribution to Adjusted OIBDAN. In addition, The Netherlands – especially Amsterdam – is an important European music market; The Netherlands is the 10th largest recorded music market globally and Amsterdam is a top European metropolitan area with over 6.7 million people located in and around the city.
Alan Ridgeway, CEO International Music commented: "The Heineken Music Hall is one of the world’s best mid-sized music venues and will further diversify our business in a very important music market. We are looking forward to taking over the management reigns of this excellent venue to provide music fans with the best live music and venue experience possible." –by CelebrityAccess Staff Writers