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The Sanctuary Music Group tried to do this with its “360 degree music model” – since then, others have learnt from their mistakes and succeeded.
In the UK, Live Nation (formerly the venues arm of Clear Channel) owns the Astoria and Astoria 2 through a joint investment with Denis Desmond. It acquired a stake in Mean Fiddler (again with Desmond), much of which it has had to sell for competition reasons, but it still manages, operates or owns a huge range of venues and has begin to focus on larger events only. Worldwide, Live Nation has promoted or produced over 28,500 events, including music concerts, theatrical shows, motor sports and other events...
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