Live Nation Acquires Majority Stake in Movistar Arena Santiago

Photo Credit: Live Nation

Live Nation announces acquiring a majority stake in South America’s Movistar Arena Santiago through a partnership with BeLive Entertainment Group.

Live Nation Entertainment has announced a new partnership with BeLive Entertainment Group that will make the company a majority stakeholder in Movistar Arena Santiago. The move fortifies one of Chile’s most important destinations for fans and artists as a top arena across South America.

Movistar Arena serves as a cornerstone for the region’s live music ecosystem, with a 15,000 capacity that hosts over 170 shows a year. The venue cements Santiago’s position as a key touring hub, as one of South America’s busiest and most in-demand arenas.

Live Nation will work closely with BeLive’s local leadership to focus on improving the fan experience, strengthening production capabilities, and expanding opportunities for global acts and local talent performances. Crucially, the arena’s identity and deep local ties will remain central to all plans, the company says.

“This partnership marks an important new chapter for Movistar Arena. Live Nation’s global expertise, combined with the arena’s deep connection to Chilean audiences, will help us continue delivering world-class experiences for some of the most passionate fans anywhere,” said Daniel Hiller, CEO of BeLive Entertainment Group. “This allows us to elevate our programming, expand opportunities for artists and fans, and ensure the venue remains a regional benchmark for years to come.”

“Latin America is one of the most vibrant live music regions in the world, and Chile is a critical stop for artists touring the continent,” said Michael Rapino, Live Nation President and CEO. “Partnering with BeLive allows us to strengthen what already works, bring in more great shows, and continue growing the live experience for fans across the region.”

News of the BeLive deal comes amid Live Nation’s acquisition of Impact Arena, one of Thailand’s most popular entertainment destinations. The company will work alongside the venue’s founding developer, Bangkok Land, to upgrade the infrastructure and improve the hospitality experience for fans.

“These improvements will not only enhance the fan experience but also enable faster turnaround times for artists and crews, creating more booking opportunities and supporting the local economy,” according to the company’s announcement.