Lotta Mullah - Live Nation take control at C3

Live Nation has taken a controlling stake in Austin City Limits and Lollapalooza promoter C3 Presents, with the live music major rumoured to have spent in the region of $125 million to take a 51% shareholding in C3. C3 Presents founders Charles Attal, Charlie Jones and Charlie Walker said "We are excited to join Live Nation and become a part of their global family, while continuing to grow our festivals within a culture of entrepreneurship that will empower our team to keep improving these festivals and the fan experience".