The Lyon-Decines arena will be located on the site of the Olympique Lyonnais valley in Lyon, and should be completed by the end of 2023.
According to the companies, the new site will host around 100 events per year, including concerts, sporting events and esports.
The agreement extends Live Nation’s existing relationship with OL Groupe, which began in 2016 with the opening of Groupama Stadium (cap. 59,186) in Lyon.
The partnership brought artists such as Rihanna, Coldplay and Ed Sheeran to the stadium.
“We are proud to bring a new arena to Lyon that will make it a prime location for live entertainment”
Angelo Gopee, MD Live Nation France, says, “France is a country that lives and breathes music and entertainment, and we are proud to bring a new arena to Lyon that will make it a central place for live entertainment in opening up a whole new touring market.
Jean-Michel Aulas, CEO of Olympique Lyonnais, adds: “This agreement with one of the world leaders in musical entertainment is long-term and gives life to the OL Valley Arena project. We are extremely honored to have Live Nation by our side, allowing our city to welcome high quality international stars who will attract audiences not only from Lyon but also from the surrounding region and beyond.
Live Nation is adding the Lyon-Decines arena to its global portfolio of over 200 venues – which recently expanded with the addition of a new 20,000-seat arena in São Paulo, Brazil.
Get more stories like this delivered to your inbox by signing up for IQ Index, QIFree email summary of essential live music industry news.