{"id":65111,"date":"2019-06-17T15:32:51","date_gmt":"2019-06-17T14:32:51","guid":{"rendered":"https:\/\/www.musicbusinessworldwide.com\/?p=65111"},"modified":"2019-06-17T15:33:00","modified_gmt":"2019-06-17T14:33:00","slug":"oak-view-group-partners-with-live-nation-to-build-and-run-new-arena-in-milan-italy","status":"publish","type":"post","link":"https:\/\/www.musicbusinessworldwide.com\/oak-view-group-partners-with-live-nation-to-build-and-run-new-arena-in-milan-italy\/","title":{"rendered":"Oak View Group partners with Live Nation to build and run new arena in Milan, Italy"},"content":{"rendered":"

Venue development, advisory and investment company the Oak View Group (OVG) is to construct and operate a new arena (Santa Giulia Arena) in Milan, Italy.<\/p>\n

OVG has partnered with Live Nation to build and run the arena, which will host sports and entertainment events.<\/p>\n

The privately funded Santa Giulia Arena\u00a0 marks OVG’s first project outside the United States and follows the launch of OVG International<\/a> in March this year.<\/p>\n

OVG has inked heads of terms agreements with Italy-based property firms Risanamento and Lendlease to construct and operate the venue.<\/p>\n

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Oak View Group was founded in 2015 by Tim Leiweke<\/a> and Irving Azoff. The company was reported to have\u00a0received $100m<\/a>\u00a0investment from technology investment firm Silver Lake at the start of 2018.<\/p>\n

In addition to major arena development projects at the Key Arena in Seattle, Belmont in New York, and The University of Texas in Austin, Oak View Group runs the Arena and Stadium Alliance.<\/p>\n

The alliance is an invitation-only partnership of 28 arenas in the United States that enables independent venues to attract global sponsorship opportunities, additional events and content.<\/p>\n

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\u201cWe\u2019re delighted to announce our first European partnership, bringing a state-of-the-art entertainment facility to Milan.”<\/p>\n

Tim Leiweke, Oak View Group<\/span><\/p><\/blockquote>\n

Tim Leiweke, co-founder and Chief Executive of Oak View Group, said: \u201cWe\u2019re delighted to announce our first European partnership, bringing a state-of-the-art entertainment facility to Milan.<\/p>\n

“The new arena will be an exciting addition for the city and an important part of hosting what would be an inspiring 2026 Winter Olympics.<\/p>\n

\u201cOak View Group and Live Nation have years of experience working together and are the ideal partners to deliver and run the Santa Giulia Arena.<\/p>\n

\u201cWe\u2019re looking forward to working with Risanamento and Lendlease as part of their major regeneration project, and to announcing more European partnerships soon.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Firm expands US business to focus on the UK, Europe, Asia and Middle East<\/p>\n","protected":false},"author":15,"featured_media":65146,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[4364],"class_list":["post-65111","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-oak-view-group"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/posts\/65111","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/comments?post=65111"}],"version-history":[{"count":0,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/posts\/65111\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/media\/65146"}],"wp:attachment":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/media?parent=65111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/categories?post=65111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/tags?post=65111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}