Mexico City and Los Angeles, July 29, 2025 – Live Nation Entertainment (NYSE: LYV) and Corporación Interamericana de Entretenimiento (BMV: CIE) today announced that Live Nation will accelerate a purchase of an additional 24% stake in OCESA, while also securing Alejandro Soberón as OCESA’s CEO through 2032. CIE will retain a 25% stake in OCESA, and the put/call agreement for the remaining stake has shifted to 2032.

This highly accretive investment by Live Nation will reduce ongoing partner dividend cash requirements while also clarifying capital requirements for the next several years, and solidifying CIE’s partnership in the continued growth of OCESA’s businesses.

Michael Rapino, President and CEO of Live Nation Entertainment said: “Our investment in OCESA has been incredibly successful, and Alejandro and his team have done a tremendous job utilizing the global Live Nation infrastructure to drive growth in Mexico. Together we have more than tripled the number of fans attending our concerts in Mexico since 2019, making Mexico now the 3rd largest music market in the world, and I expect we have many years of strong growth ahead of us.”

Alejandro Soberón, Founder, Executive Chairman, and CEO of Grupo CIE, as well as Founder and CEO of OCESA said: “Live Nation and Michael Rapino have been ideal partners.  The combination of our market knowledge and Live Nation’s expertise have come together to create more opportunities for artists to perform in Mexico and for fans to enjoy these shows.”

CIE is strengthening its financial position and liquidity with proceeds exceeding $12,000 million pesos ($646 million USD) which may be allocated, partially or totally, for the amortization of bank and stock market debt, as well as for present or future working capital and investment needs.

The transaction is expected to close by the end of August, following approval at the upcoming CIE shareholder vote.