Live Nation Entertainment has acquired a majority stake in Movistar Arena Buenos Aires, a 15,000-capacity venue that has become one of Latin America’s busiest live entertainment spaces since opening in 2019.
The arena hosts more than 250 events annually and draws over 2.5 million fans each year. Live Nation said it will support the current management team in day-to-day operations, and the building will remain an open venue available to all qualified promoters.
La Nación, the arena’s previous majority owner, will retain a shareholding. Gabriel Dantur, CEO of Movistar Arena Buenos Aires, said the investment reflects the strength of what the team has built and will help further enhance the experience for artists, fans, partners and promoters.
“Since opening our doors, Movistar Arena Buenos Aires has become a benchmark for live entertainment in Argentina and across Latin America. Live Nation’s investment reflects the strength of what the team has built over the past several years, and we will continue to enhance the experience for artists, fans, partners, and promoters.”
