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Live Nation-Gaiety Takes A Stake In Parklife

MANCHESTER, UK (CelebrityAccess) — Live Nation-Gaiety Holdings has acquired a controlling interest in the Manchester concert venue The Warehouse Project and their EDM-focused Parklife Festival.

The financial terms of the deal were not disclosed, but Parklife's Simon Moran, Bob Angus and founders Sacha Lord-Marchionne and Sam Kandel, remain shareholders in the company.

Parklife, now in its seventh year, is scheduled to take place in in Manchester’s Heaton Park on June 11-12, with a lineup that features The Chemical Bros., Major Lazer, Diplo, Bastille, Ice Cube, DJ EZ, Andy C and numerou others.

“By establishing a hugely successful club and festival business, The Warehouse Project has confirmed their status as serious players in the UK live industry,” said Denis Desmond, chairman of Live Nation UK & Ireland/LN-Gaiety. “Our partnership with them ensures that they continue to produce their world-class events while giving them a platform for further growth and expansion to ensure Manchester stays firmly on the map.”

“By working with Live Nation, we are able to progress with our creative vision, bringing unique events to the UK, now with the added advantage of being able to tap into the most diverse global network in live entertainment. We are beyond excited about the next chapter for The Warehouse Project and look forward to collaborating with Live Nation," Warehouse Project founders Sacha Lord-Marchionne and Sam Kandel added in a joint statement, Music Week reported. – Staff Writers