M/18/067 – LN Gaiety/MCD Productions
Transaction details
The proposed acquisition by LN-Gaiety Holdings Limited via LN-Gaiety Holdings Ireland Limited (collectively “LN-Gaiety”) of MCD Productions Unlimited Company (“MCD”) has been cleared by the Competition and Consumer Protection Commission subject to a number of legally binding commitments.
| Notification date | Decision date |
|---|---|
| Tuesday August 14, 2018 | Friday, July 5, 2019 |
| Parties Involved | Business activities |
|---|---|
| LN-Gaiety Holdings Limited | LN-Gaiety is a UK incorporated joint venture between Live Nation and Gaiety, in operation since 2005. LN-Gaiety's business activities are focused on the operation of a number of music festivals and venues, primarily in the UK but includes ownership of the Electric Picnic music festival in Ireland. Live Nation owns Ireland's largest ticketing agent and also owns and operates the 3Arena, operates the Bord Gais Energy Theatre and manages venues, including the Gaiety and Olympia theatres, on behalf of Gaiety. |
| MCD Productions Unlimited Company | MCD is primarily a promoter of live music events on the island of Ireland, including two music festivals, namely Longitude and Vital. Gaiety Investments currently owns and controls MCD. |
| Economic sector | Media merger |
|---|---|
| Entertainment and Recreation | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Thursday, August 30, 2018 | Thursday, January 24, 2019 |
| Date of Requirement for Information | Date Information Received |
|---|---|
| Friday, September 21, 2018 | Friday, December 21, 2018 |
| Current status: Completed |
|---|
| Cleared (Phase 2) |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Donnacha Hennessy | Tel: 01-4703662 |
Media enquiries: communications@ccpc.ie
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