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Live Nation Subsidiary LN-Gaiety Acquires Dreamland Festival

Live Nation acquires Dreamland Festival

Photo Credit: Dreamland Festival

A Live Nation subsidiary is the new owner of the Dreamland Festival after taking over the festival from the company that manages it. Here’s the latest.

Documents for Sands Heritage show LN-Gaiety, the Live Nation subsidiary, taking significant control of the company on December 14. Live Nation is now the owner and operator of the Dreamland festival as a result. As part of the deal, new directors include Stuart Douglas and Lynn Lavelle, who are directors for Live nation Apollo and Cardiff respectively.

LN-Gaiety confirms it has acquired Dreamland in Margate,” a statement released to the press reads. “Working with CEO Eddie Kemsley, the team will enhance its offer at this much-loved resort. Dreamland is the ultimate seaside destination for music, rides, and entertainment with great artists in 2024 including Status Quo, Madness, Richard Ashcroft, Becky Hill, Limp Bizkit, Craig David, and many more.”

“We are delighted that LN-Gaiety has become the new owner of Dreamland in Margate,” shared a Dreamland spokesperson about the deal. “The acquisition ensures the legendary venue can carry on providing world-class entertainment for people of all ages. It is very much business as usual for Dreamland, we look forward to re-opening our historic amusement park at Easter for another summer season.”

“We can’t wait to welcome some of the very best live bands and acts both in our indoor spaces and next summer on the amazing Scenic Stage. In the meantime, we can’t wait to welcome people in the run up to the restive season at Dreamland’s Christmas World!”

The Dreamland 2024 lineup includes Bryan Adams, Limp Bizkit, Simple Minds, Paloma Faith, Manic Street Preachers, Craig David, Busted, and more. Public documents from 2020 showed an operating loss for Dreamland of £5.5m ($6.9M), and £1.73m ($2.2M). Overall balance sheet losses totaled £36,856,938 ($46.4M) for 2021 accounts. Accounts for 2022 are not yet submitted.

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