Business News Deals Gigs & Festivals Live Business

Global adds two more festivals to its portfolio

By | Published on Wednesday 22 March 2017

Continuing in its admirable mission to ensure that there are at least a few UK music festivals not owned by Live Nation, Global Entertainment has bought a majority stake in Portsmouth-based family event Victorious.

Meanwhile, aware it has Global in its name, the live entertainment division of Global Radio has also taken a majority stake in Croatian festival Hideout, it already having the various international Snowbombing events on its roster.

A relatively new player in the live entertainment business, Global now has quite the festival portfolio. Those with a ‘who has a stake in what festival’ blackboard in their offices (that’s not just us, right?) should make sure that in the Global column you now have Boardmasters, Electric Elephant, Festival No.6, Field Day, Hideout, Lost Village, Rewind, Snowbombing, South West Four, Standon Calling, Transition, Truck, Victorious Festival and Y Not.

Your list doesn’t have to be in alphabetical order, but we always rub the list off the blackboard and rewrite it A-Z whenever there is another festival takeover. We now have a full-time member of staff to do this.

“We are excited to welcome Victorious and Hideout Festival to the family”, Global COO Ian Hanson said yesterday. “Each of them is a renowned music festival with a strong and loyal following, and we look forward to working with the festivals’ management teams to grow them to the next level. We are continuing to grow our portfolio, with more to come”.