Connecting the live music industry
Live Nation to acquire majority stake in Lisbon’s MEO Arena
November23
Live Nation has announced plans to acquire a majority stake in Lisbon`s MEO Arena, marking a signif
Live Nation has announced plans to acquire a majority stake in Lisbon`s MEO Arena, marking a significant investment in Portugal`s live entertainment sector.
The 20,000-capacity venue, one of Europe`s largest indoor arenas, has hosted renowned artists such as Harry Styles, Dua Lipa, and Adele since its opening in 1998.
The acquisition includes plans for renovations to enhance premium seating, skyboxes, dressing rooms, and concessions, as well as sustainability upgrades aligned with Live Nation`s Green Nation goals.
Economic studies highlight the arena`s impact, with Deloitte estimating it contributed nearly €400 million to Lisbon’s economy in 2018 and 2019.
“Lisbon is one of Europe’s most exciting capitals, and we’re honoured to be part of its cultural fabric. With this investment, we’re committed to bringing more shows to Portugal, supporting the local economy and creating incredible experiences for fans,” said John Reid, President of Live Nation EMEA.
“MEO Arena is known nationally and internationally for hosting Portugal’s major shows and events. With this deal we want to build on the arena’s reputation as a cultural destination, and we feel that Live Nation is the right strategic partner to achieve this. I am really excited to enter this new era, not only for MEO Arena but also for Portugal,” added Jorge Vinha da Silva, CEO MEO Arena.
Daily operations at MEO Arena will remain under its current leadership team, supported by Live Nation’s extensive global network. The acquisition follows formal approval granted by the Portuguese competition authority and is subject to customary closing conditions. The deal is expected to be finalised in late 2024/early 2025.
With VIP-Booking.com, you can search for anyone in the live music industry — try it yourself!
Search Artists:
Trusted by professionals in the live music industry around the world for 25 years!
