Live Nation has a stake in the V Festival franchise, according to Music Week. The move came as part of a restructure by Ireland's Denis Desmond, who has transferred his stake in V over to his joint venture with the global live music firm, Live Nation Gaiety. The V Festival's other shareholders, SJM's Simon Moran and Metropolis's Bob Angus, have also sold part of their stakes in the event to LNG. In the United Kingdom Live Nation Gaiety has substantial stake in the Academy Music Group, T In The Park owner DF Concerts, Reading/Leeds/Latitude operator Festival Republic, and Ireland's Electric Picnic Festival. Live Nation's other festivals in the UK include Download, Wireless and Creamfields, and a recently announced new event in Leicester which will take the form of a Kasabian home-coming gig in 2014.
In other news, Yahoo! has acquired Evntlive, a US-based live concert streaming business that launched in 2012 and went live in beta earlier this year after raising $2.3 million in funding.