Hong Kong, 22nd March: Live Nation Entertainment, a New York-listed festival and ticketing company, has acquired a majority stake in Clockenflap, a Hong Kong event organiser which owns the Clockenflap Music and Arts Festival, an open-air music festival.

Clockenflap was launched in 2008. The first edition was held at the Cyberport development in Hong Kong before moving to a site in West Kowloon and growing into a proper music festival.

Following the acquisition, Clockenflap’s team will continue to curate, manage and produce its festivals and events. The company will be supported with access to Live Nation’s portfolio of more than 130 festivals worldwide and its global resources.