LN Buys Heineken Ops Co

Live Nation has acquired the operating company that manages and holds the 20-year lease for the 5,500-capacity Heineken Music Hall in Amsterdam.

"It’s one of the world’s best mid-sized music venues and will further diversify our business in a very important music market," commented LN International Music chief exec Alan Ridgeway.

The Heineken consistently ranks in the top 10 highest attended mid-sized music venues in the world.

It’s 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 Richie and Lou Reed, as well as newer acts such as the Arctic Monkeys, Kaiser Chiefs and Damien Rice and a strong stable of local acts.

The acquisition further strengthens Live Nation’s position in the Dutch market, which is the company’s third-largest international market behind the United Kingdom and Belgium.