Live Nation has bought a controlling stake in Margate's Dreamland amusement park and music venue. It follows the securing of a new licence earlier this year that allows the number of outdoor events and late night indoor events at the complex to increase.
According The Isle Of Thanet News, a Companies House filing made last week shows that Live Nation's LN Gaiety Holdings joint venture now has significant control of Dreamland's operator Sands Heritage. Staff were seemingly updated on the change of ownership on Friday.
LN Gaiety confirmed the acquisition in a statement, adding: "Working with CEO Eddie Kemsley, the team will enhance its offer at this much-loved resort. Dreamland is the ultimate seaside destination for music, rides and entertainment with great artists in 2024 including Status Quo, Madness, Richard Ashcroft, Becky Hill, Limp Bizkit, Craig David and many more".
A spokesperson for the park and venue added: “We are delighted that LN-Gaiety has become the new owner of Dreamland in Margate. The acquisition ensures the legendary venue can carry on providing world class entertainment for people of all ages".
“It is very much business as usual for Dreamland", they added. "We look forward to re-opening our historic amusement park at Easter for another summer season, as well as welcoming some of the very best live bands and acts both in our indoor spaces and next summer on the amazing Scenic Stage. In the meantime, we can’t wait to welcome people in the run up to the festive season at Dreamland’s Christmas World!”
