Live Nation has acquired the concerts and entertainment division of Thailand-based promoter and media company TERO (TERO C&E).
The deal, says Live Nation, signals the company’s “further growth within Thailand” via a “commitment to developing local Thai talent, while also continuing to bring the biggest international acts to the region.”
This acquisition expands on a joint venture between Live Nation and TERO launched in 2015, where Live Nation Tero was created to promote international concerts and festivals by Western acts, while bringing regional acts to Thailand.
Live Nation says that through the acquisition of the TERO C&E division, Live Nation Tero establishes itself as a “holistic business that will cover a vast international and domestic music roster as well as family entertainment”.
Since it was established in 1998, TERO C&E has specialized in domestic touring,…
