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Live Nation expands Latin American presence with DG Medios acquisition

Live Nation Entertainment Inc. purchased a majority stake in Santiago, Chile-based independent concert promoter DG Medios.

The company did not disclose the financial details of the transaction.

DG Medios, which sold more than 330,000 tickets in 2018, was founded by regional promoter Carlos Geniso, who will continue to oversee all operations of DG Medios.

Live Nation's other recent acquisitions in the region include OCESA in Mexico, DF Entertainment in Argentina and Brazil's Rock in Rio.