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LIVE NATION ENTERTAINMENT, INC.

(LYV)
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Live Nation Entertainment : Canada To Transform Budweiser Stage Into A Year-Round Music Venue With Indoor And Outdoor Shows

07/30/2021 | 11:59am EDT

Live Nation Canada today officially announced plans to redevelop Budweiser Stage at Ontario Place in Toronto, Ontario into a modern, year-round live music and performance venue with 20,000 outdoor capacity and 9,000 indoor.

The new state-of-the-art amphitheatre will continue to attract world-class artists and provide premiere live entertainment, hosting live music and other events. This demonstrates Live Nation's support of the Provincial government's vision to revitalize and redevelop Ontario Place as a premium destination that will attract global visitors through remarkable new attractions.

With sustainability at the heart of the design, the redesigned amphitheatre at Ontario Place will be designed and built using strategies aimed at improving performance across all the metrics that matter most: energy savings, water efficiency, greenhouse gas emissions reduction, improved indoor environmental quality, and stewardship of resources and sensitivity to their impacts. Completed by 2030, the new facility is expected to receive up to 1 million visitors and support more than 900 jobs during events.

'The redevelopment of the amphitheatre into a year-round venue means that fans will have increased opportunities to enjoy the live experience in our city,' said Riley O'Connor, Chairman, Live Nation Canada. 'We've been making memories at Budweiser Stage for 25 years now, and we look forward to bringing even more music to Toronto.'

'Live Nation has made the Ontario Place amphitheatre a landmark entertainment destination for more than 25 years,' said Lisa MacLeod, Minister of Heritage, Sport, Tourism and Culture Industries. 'Their plan to redevelop the amphitheatre into a modern, sustainable, year-round indoor-outdoor live music and performance venue will attract more high-profile musical acts and incredible, world-class events than ever before. It will be a great addition to the redeveloped Ontario Place, and its role in Ontario's post-pandemic recovery.'

Since opening the doors more than 25 years ago, Live Nation has seen more than 8 million music fans attend a concert at this celebrated venue and make memories that last a lifetime. From the inaugural performance by Canada's own Bryan Adams on May 18th, 1995 to The Tragically Hip, Billie Eilish, Foo Fighters, Blue Rodeo, Lizzo, Daniel Caesar, Whitney Houston, Blue Rodeo, Arkells, David Bowie, Rihanna, Luke Bryan, Spice Girls, Mumford & Sons, City & Colour and Drake and his OVO Festival, Budweiser Stage has become the definitive summertime destination in Toronto and Canada's premier outdoor concert venue.

Live Nation Canada, Inc. is the country's leading live entertainment producer and promoter, offering the best of Canadian and international talent at stadiums, arenas, theatres and club venues across the country. Live Nation continues to be a true leader in the live industry in Canada to help elevate homegrown artists to the world stage.

Live Nation Canada's growing venue portfolio includes Commodore Ballroom in Vancouver, Midway in Edmonton, along with Toronto's Budweiser Stage, Danforth Music Hall, Velvet Underground and History, the newly announced 2,500 capacity venue in Toronto.

About Live Nation Entertainment
Live Nation Entertainment (NYSE: LYV) is the world's leading live entertainment company comprised of global market leaders: Ticketmaster, Live Nation Concerts, and Live Nation Media & Sponsorship. For additional information, visit www.livenationentertainment.com.

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Disclaimer

Live Nation Entertainment Inc. published this content on 30 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 July 2021 15:58:02 UTC.


ę Publicnow 2021
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Net income 2021 -637 M - -
Net Debt 2021 2 515 M - -
P/E ratio 2021 -31,9x
Yield 2021 -
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