Major upgrades in the works for MEO Arena

Lisbon’s MEO Arena will undergo major renovations after Live Nation acquire a majority stake in the Portuguese venue.

This marks a major investment in Portugal by Live Nation, highlighting its commitment to enhancing the country’s live entertainment scene with more local and international shows.

With a capacity of 20,000, MEO Arena is Portugal’s premier indoor venue and one of Europe’s largest. Since opening in 1998 for the ‘Expo 98’ World Trade Fair, it has hosted global stars like Harry Styles, Dua Lipa, Adele, André Rieu, and Travis Scott.

Renovations are planned to upgrade premium seating, skyboxes, dressing rooms and concessions, improving the overall fan experience and making the arena more attractive to visiting artists.

Live Nation will also build on MEO Arena’s sustainability efforts, focusing on reducing its environmental impact and increasing social benefits in line with its Green Nation pledges.

Several economic studies underline the transformative potential of this collaboration. A Deloitte report on MEO Arena (formerly Altice Arena) estimated that arena shows contributed nearly €400 million to Lisbon’s economy in 2018 and 2019 alone, excluding ticket sales.

John Reid, President of Live Nation EMEA, said:

Lisbon is one of Europe’s most exciting capitals, and we’re honoured to be part of its cultural fabric. With this investment, we’re committed to bringing more shows to Portugal, supporting the local economy and creating incredible experiences for fans.

Jorge Vinha da Silva, CEO MEO Arena, added:

MEO Arena is known nationally and internationally for hosting Portugal’s major shows and events. With this deal we want to build on the arena’s reputation as a cultural destination, and we feel that Live Nation is the right strategic partner to achieve this. I am really excited to enter this new era, not only for MEO Arena but also for Portugal.

Daily operations at MEO Arena will remain under its current leadership team, supported by Live Nation’s extensive global network. The acquisition follows formal approval granted by the Portuguese competition authority and is subject to customary closing conditions. The deal is expected to be finalised in late 2024/early 2025.

Source and image credit Live Nation

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