Thursday, April 5, 2012
Live Nation acquires Michael Coppel Presents.
Live Nation Entertainment, Inc. (LYV: News ) said Wednesday that it has acquired Michael Coppel Presents, one of the leading promoters in Australia and New Zealand.
Michael Coppel has been one of the most prominent and active concert promoters in Australia and New Zealand for over 30 years. He promotes several hundred shows per year and sells up to 1.7 million tickets annually to concerts including artists such as U2, Pink, Metallica, Lady Gaga, Taylor Swift, Roger Waters, Eric Clapton, RHCP, Beyonce and Rihanna.
Live Nation's existing business in Australia and New Zealand, led by Luke Hede and Roger Field, will be combined with the acquired business, which will be renamed Live Nation Australasia. Michael Coppel will lead the business as President and Chief Executive Officer, with Luke and Roger continuing as Vice Presidents-Promotions.