The Deals: Live Nation to Operate Colombia Arena; Music Video Streamer ROXi Undergoes Management Buyout

Live Nation announced a deal to operate Arena Cañaveralejo in Cali, Colombia, in partnership with Mexican promoter OCESA and Colombian promoter Grupo Páramo. The 15,000-capacity arena is the concert giant’s first venue in the country. Notably, Live Nation acquired a 51 percent interest in OCESA in 2021 for $416 million and a majority stake in Páramo in 2023. Upcoming concerts to be hosted at the venue, which was built in 1957 and underwent a major renovation in 2021, include a show by Fonseca and Andrés Calamaro. “This venue will allow us to bring more world-class artists to Cali while also supporting local talent and growing the live music ecosystem in Colombia,” said Live Nation president/CEO Michael Rapino in a statement. “Live Nation is committed to investing in Latin America’s thriving music scene, and this partnership with Grupo Páramo will help us create unforgettable experiences for fans in the region.”

Management at music video streaming service ROXi completed a buyout of the ROXi business in partnership with investors that include U.S. TV broadcasters Sinclair and Gray Media. The new company created under the deal, FastStream Interactive Limited, has struck distribution deals with U.S. broadcasters that will bring FastStream’s new interactive TV channels to their customers. The first FastStream-powered TV channel will be ROXi, which is touted in a press release as “America’s first Interactive TV Music Channel.” The channel will be available for free on NEXTGEN TV, a “new digital TV standard” in the U.S. “By 2028, over 75% of all US TVs sold will be NEXTGEN TV sets,” the release states. Shareholders in the new venture include Sinclair and Gray Media; U2 bassist Adam Clayton; Terra Firma founder Guy Hands; British billionaire businessman Jim Mellon; and Warner Mandel, a global co-head of telecom, media and technology at Rothschilds Warner Mandel.

British indie label Cherry Red Records acquired U.K.-based Dome Records from directors Peter and Santosh Robinson. Dome’s catalog primarily consists of soul and R&B from artists including Lulu, Beverley Knight, Incognito, Hil St Soul, the James Taylor Quartet, Shaun Escoffery, Brenda Russell, George Duke, Anthony David, Jarrod Lawson and Andrew Gold. Peter Robinson will continue working with Dome as a consultant.

Independent New York-based rock label Equal Vision Records announced a partnership with kill iconic records, the label that sprang from the quarterly heavy and progressive music magazine kill iconic. Through the deal, kill iconic brings current artists Moondough, Lobby Boxer, ahh-ceh and Gold Necklace along with new signings Dwellings, Mella and Resilia. The first release under the agreement is the single “IDGAF2” by Dwellings, a Sacramento, Calif.-based post-hardcore band. Equal Vision also announced it has partnered with Burlington Record Pressing to open a boutique solar-powered manufacturing plant located in Albany, N.Y., that uses recycled and lead-free materials to create custom vinyl records.

SongTools, a marketing and ad tech solutions platform for music creators, teamed up with Latin American radio monitoring company monitorLATINO to launch digitalLATINO, a new platform that offers digital charts, playlist promotion, automated advertising campaigns and more for musicians. In other SongTools news, the platform has also been integrated into the marketing dashboard for Symphonic via a new partnership with the distributor.

ALTER Music, a new indie record label founded by former 300 Entertainment executives Rob Stevenson and Matt Signore, signed a joint venture partnership with Firebird, a multi-sector music company that invests in and services labels and publishers, with an emphasis on management and label services. Through the deal, Firebird will provide ALTER with financial, analytical and strategic support.

Web3-based distribution and label services company Unchained Music struck a manufacturing and distribution partnership with vinyl pressing plant Sonic Wax. Under the deal, select artists on the Unchained Web3 services platform will enjoy physical releases of their music. Sonic Wax is a global vinyl distributor that has served artists including Raye, Swedish House Mafia, Boy George, Masters At Work and Chase & Status. 

Loaded Dice Entertainment, the newly launched full-scale label services and distribution company, signed a deal with e-commerce storefront and supplier Amaze Holdings. Through the agreement, Amaze — which utilizes a print-on-demand model to reduce merch overproduction — will host Loaded Dice-branded merchandise and artist-specific items. The first Loaded Dice artist to be hosted on Amaze is Hudson Thames.