Is it a good thing when a US media behemoth strengthens its footholds in the UK entertainment industry? I’m tending towards no.
“Mean Fiddler, the music festival and concert organiser behind the Reading and Leeds festivals, is being taken over in a ?38m deal by a group of investors that includes the UK division of the world’s largest concert promoter.
The company, which has a 39% interest in the Glastonbury festival, said last night it was backing an offer from a privately owned outfit controlled by the US entertainment group Clear Channel and the Irish music promoter Denis Desmond.”
Full story at the Guardian.