SICO is at the forefront in innovative mobile folding and rolling, space efficient tables, stages, dance floors and many other products which help our customers optimise their use of space. Image…read more
Live Nation gets approval for Vector Arena purchase
New Zealand's Overseas Investment Office has cleared the purchase of Auckland’s 12,000-seat Vector Arena by Live Nation NZ and MHC Investments.
Live Nation NZ and MHC are now free to purchase all the shares of EVENZ, the owner of NZ Venue & Event Management, which in turn is the beneficiary of the QPAM trust that owns and operates Vector Arena.
Live Nation NZ is indirectly 70% owned by New York Stock Exchange-listed Live Nation Entertainment, one of the world's largest producers of live music, with the remaining 30% owned by MHC, an investment vehicle of concert promoter Michael Coppel and Michelle Coppel.
The purchasers have suggested that by owning Vector Arena they can deliver more major acts, that might previously have been financially marginal, to New Zealand.
In a statement on the sale, the Overseas Investment Office explained “the applicants are acquiring Vector Arena as part of an Australasian expansion strategy and plan to leverage their position in the live music industry to increase the frequency and scale of shows at Vector Arena.
"The applicants consider that owning Vector Arena will make bringing previously marginal/uneconomic shows to New Zealand possible.”
Vector Arena was constructed and is operated under a development agreement with Auckland Council-controlled Regional Facilities Auckland.
Under the terms of a development agreement the venue must be transferred back to Auckland Council after 40 years.
23rd March 2015 - PERTH STADIUM MANAGEMENT GETS INDUSTRY LAUNCH
22nd April 2014 - NCR VENUE MANAGER SET TO ENHANCE CUSTOMER EXPERIENCE AT VECTOR ARENA
22nd April 2010 - LIVE NATION LAUNCHES AUSTRALIAN CONCERT BUSINESS
4th January 2010 - VECTOR ARENA ONE OF BUSIEST VENUES OF ITS SIZE
Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?
The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.
However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.
Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.
Subscriptions cost just $90 a year.
Click here to subscribe.
The Complete Guide to Leisure Industry Products & Services.
Sports Padding At Rae-Line we manufacture high quality sports padding, gym mats, foam mats and protective padding, suitable for a range of different facilities. Our sports padding is…read more
As of 2018, TicketServ operates as SeatGeek Asia Pacific Pty Limited, part of international ticketing platform SeatGeek. Click here to contact SeatGeek Asia Pacific via their entry in…read more
Established in 1994, Ceramic Solutions has excelled at the supply and installation of swimming pool tiles and equipment for the pool and leisure industry, with a focus on the needs of end-users. …read more
Hydrocare Pool Services Pty Ltd offer 30 years of experience in aquatic industry features, products and water treatment. Hydrocare Pools has undertaken water treatment for aquatic centres and…read more
Turnstile Entry Systems and Access Control Centaman Entrance Controls’ Award Winning Range of Access Control Systems includes tripod & triarm turnstiles, speedgates, full height…read more
Links Modular Solutions are a leading provider of high-quality, innovative software solutions for leisure facilities. Our software suite includes modules such as POS, Classes, Members, Facility…read more
As of the 1st July 2018, Enta Australasia Pty Ltd/Best Union has been rebranded as VIVATICKET Pty Ltd. 19th July 2018 - ENTA AUSTRALASIA REBRANDS AS VIVATICKET 17th October 2016…read more
get listed with our suppliers directory
Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!