Clear Channel has extended its European empire by acquiring four music and concert businesses in Central Europe. The company yesterday confirmed its takeover of Laszlo Hegedus' Multimedia Concerts in Hungary, Serge Grimaux and Robert Porkert's Interkoncerts in the Czech Republic, Steven Todd and Hubert Stajniak's Odyssey in Poland and Tim Dowdall's Multimedia International, which books tours and coordinates international activities across Central and Eastern Europe. Following the recent acquisition of Ferdinando Salzano's Friends & Partners in Italy, the latest deals show Clear Channel is still in the mood for expansion.
Announcing the latest acquisitions, Michael Rapino, President of CCE Global Music, told reporters: "We are very pleased to welcome Tim, Laszlo, Serge, Robert, Steven and Hubert into the Clear Channel network. We see great opportunities in these markets over the next few years and believe that the strong combination of Clear Channel and their local expertise will bring benefits for both artists and music fans."