Business News Deals Live Business

Live Nation takes majority stake in The Warehouse Project

By | Published on Monday 18 April 2016

Live Nation

Live Nation has taken a majority stake in Manchester’s Warehouse Project and Parklife Festival via its joint venture with Gaiety Investments.

“By establishing a hugely successful club and festival business, The Warehouse Project has confirmed their status as serious players in the UK live industry”, says Live Nation UK Chairman Denis Desmond. “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”.

Warehouse Project founders Sacha Lord-Marchionne and Sam Kandel add: “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”.