Image for Live Nation To Invest $1 Billion In Electronic Dance Music

Live Nation To Invest $1 Billion In Electronic Dance Music

Written by Marc Zanotti on June 6, 2012

In The Mix has reported that the world’s largest touring company Live Nation has plans to spend an estimated US$1 Billion on EDM (Electronic Dance Music) via various investments over the coming year. The New York Times posted an article outlining Live Nation executive Robert F.X. Silverman’s intentions to purchase numerous EDM associated companies, with approximately 50 different companies being considered for purchase so far.

Live Nation recently acquired a Louisiana-based rave company and UK Festival Creamfields. It also appears that Live Nation is interested in Australian company Totem OneLove, who are responsible for Stereosonic.

Totem OneLove’s Richie McNeill said he doesn’t think that being bought out by Live Nation would necessarily change the way Totem OneLove operates.

“There’s always been outside interest in Australia… Live Nation is definitely looking to invest….[but] I don’t think anything has to change if someone buys your company and keeps you there”, McNeill said.

Silverman feels Live Nation’s considerable resources will make for greater festival and event experiences for fans of EDM.

“I’m also confident that we will create a better experience for the fans”, said Silverman.

Join Music Feeds on Facebook

More On Music Feeds

News

Singer And Show Business Legend Cilla Black Dies At Age 72

Legendary UK singer and TV presenter Cilla Black has died of natural causes at her Spanish villa, aged 72.

News

Watch Will.I.Am Drive A Car Through Lasers To Make Music Or Something?

Black Eyed Peas frontman and spinning chair enthusiast Will.

News

Bobbi Kristina Brown’s Funeral Interrupted By Family Fight

The memorial service for Whitney Houston and Bobby Brown’s daughter Bobby Kristina Brown has been marred by an outburst from a family member interrupting the eulogy and having to be forcibly removed from the funeral.

News

Snoop Dogg Held At Italian Customs With $422,000 In Cash

As any good traveller will know, it’s always good to have some cash on you at all times when abroad, as you never know when you’ll need to drop some stacks in a foreign country where your credit card might not do the trick, something Snoop Dogg has taken to the expectedly next level, being .

News

Kendrick Lamar Drops ‘For Free?’ Music Video

The Year of Kendrick Lamar continues unabated with the hip-hop superstar today releasing a brand new video for interlude track For Free.

News

Dr. Dre Announces First New Album In 15 Years To Drop This Week

Although one of the godfathers of modern rap music (not to mention one hell of a headphone and speaker mogul) hip-hop producer extraordinaire Dr. Dre hasn’t actually released any solo music in fourteen years, a clock he’s about to reset very soon, today announcing a new LP titled Compton, to be released this Friday.

Around the web

This May Also Interest You