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Live Nation expands stake in Ocesa as Mexico rises to third-largest live music market globally

Live Nation Entertainment and Corporación Interamericana de Entretenimiento (CIE) have announced that Live Nation will accelerate a purchase of an additional 24% stake in Ocesa, while also securing Alejandro Soberón as Ocesa’s CEO through 2032. CIE will retain a 25% stake in Ocesa, and the put/call agreement for the remaining stake has shifted to 2032.

This investment by Live Nation aims to reduce ongoing partner dividend cash requirements while also clarifying capital requirements for the next several years, and solidifying CIE’s partnership in the continued growth of Ocesa’s businesses.

Michael Rapino, President and CEO of Live Nation Entertainment, comments: “Our investment in Ocesa has been incredibly successful, and Alejandro and his team have done a tremendous job utilizing the global Live Nation infrastructure to drive growth in Mexico. Together we have more than tripled the number of fans attending our concerts in Mexico since 2019, making Mexico now the third-largest music market in the world, and I expect we have many years of strong growth ahead of us.”

CIE is strengthening its financial position and liquidity with proceeds exceeding $12,000 million pesos ($646 million USD) which may be allocated, partially or totally, for the amortization of bank and stock market debt, as well as for present or future working capital and investment needs. The transaction is expected to close by the end of August 2025, following approval at the upcoming CIE shareholder vote.

(Photo: Live Nation/Ocesa)

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