PublishedMon, 20 Sep 2021, 13:10
- The Amsterdam-based company is known for festivals like Mysteryland, Thunderdome and Awakenings.
Superstruct Entertainment has acquired Netherlands-based festival group ID&T, Music Business Worldwide reports.
The Amsterdam-based company, which owns brands like Mysteryland, Thunderdome and Awakenings across its several subsidiaries, was bought for "between $150 million and $200 million," according to Dutch financial paper Het Financieele Dagblad.
The move is the latest in a string of acquisitions for Superstruct, with the group having bought a majority stake in Sónar in 2019 as well as Global Media's festival portfolio.
Superstruct Entertainment is the live music-focused arm of US investment firm Providence Equity Partners. It's run by James Barton, who founded dance brand Cream and the festival Creamfields, and is president of electronic music at Live Nation. Superstruct's collection of brands includes Sziget, Elrow, Hideout and Flow Festival, alongside more than 30 large-scale events and festivals around Europe.
Photo: Hanny Naibaho