New Buyer of Budapest's Sziget Festival Revealed

  • 24 Jun 2024 1:50 PM
  • Hungary Around the Clock
New Buyer of Budapest's Sziget Festival Revealed
US private capital fund KKR is buying Superstruct Entertainment, the company behind European music festivals, including Hungary’s Sziget Festival, for £1.3 billion, Financial Times reports.

According to Business Wire, Superstruct Entertainment, founded by Providence Equity Partners in 2017, owns more than 80 festivals from Europe to Australia, attracting seven million people a year.

In addition to Sziget, the UK-based company also stages the Tinderbox festival in Denmark, the Wacken Open Air and Parookaville in Germany, Defqon.1 in the Netherlands and Boardmasters in Cornwall.


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