# Live Nation acquires majority stake in three Prague venues as it expands across Central and Eastern Europe

- URL: https://talkfuse.com/story/live-nation-acquires-majority-stake-in-three-prague-venues-as-it-expands-across-central-and-eastern-europe/
- Published: 2026-08-10T10:24:11+00:00
- Updated: 2026-08-10T11:13:17+00:00
- Original publisher: Music Business Worldwide
- Original article: https://www.musicbusinessworldwide.com/live-nation-acquires-majority-stake-in-three-prague-venues-as-it-expands-across-central-and-eastern-europe/
- Topics: Europe, World

## Key points

- Live Nation buys 51% stake in three Prague venues via PPF joint venture
- Includes 20,000-capacity O2 arena, part of wider CEE expansion
- Follows recent arena acquisitions in Bangkok, Milan, Buenos Aires, Copenhagen

## Summary

Live Nation has agreed to acquire a majority 51% stake in three Prague live entertainment venues, in a joint venture with Czech investment group PPF, marking the company's largest investment in Central and Eastern Europe to date. The deal covers the 20,000-capacity O2 arena, the 5,000-capacity O2 Universum and the 4,000-capacity Forum Karlín, and extends Live Nation's ongoing push to acquire and manage major venues across multiple continents amid strong company growth.

Under the agreement, announced on Friday 7 August, PPF's subsidiary Bestsport will retain the remaining 49% stake and continue owning the venues and related real estate, while the joint venture handles day-to-day operations, bookings and programming; existing management teams stay in place and the venues remain open to all promoters. The transaction's value was not disclosed. It follows a string of Live Nation venue acquisitions in 2026, including arenas in Bangkok, Milan, Buenos Aires and Copenhagen, as the company reported second-quarter revenue of $7.7 billion (up 9% year-on-year) and targets 48 new venues within five years.

---
Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.