Access All Areas October 2018 | Page 12

Festival share OCTOBER | THE ANATOMY OF… British Summer Time All Points East 12 a Esc Festivals owned by Live Nation include Creamfields, Isle of Wight Festival, Parklife, and many more. Other major festival owners include Global/Broadwick Live, which owns Boardmasters, Festival no. 6 and SW4, as well as AEG, which owns All Points East and British Summer Time. The AIF says 20% of UK festivals over 5,000 capacity are members of their organisation, which comprises 65 independent festivals. Live Nation also owns Ticketmaster, the world’s largest ticketing company, which controls an estimated 46% of the top 61 venue box offices in the UK and sells 500 million tickets worldwide annually. The Association of Independent Festivals has published a festival ownership map, which shows American corporation Live Nation owns over 25% of UK festivals with higher than 5,000 capacity.