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Sziget Israel Next Year, Lower Profits in 2017

#sziget2017 israel

When the ownership of the Sziget Festival has changed earlier this year, many spoke of the brand's potential international expansion. Today, the Hungarian press has revealed that the first steps in this direction have already been taken: according to Hungarian online newspaper Népszava citing Sziget KFT manager Kádár Tamás, discussions are already under way about a similar festival to be organized in Israel, maybe as early as next year. The event might take place in a location close to Tel Aviv, at a distance from the capital similar to that of the Óbudai Island is from Budapest. The "Sziget" brand will

Sziget Festival: New Owner, The Same Management. What will change?

Sziget 2017 First Announcement

A few days ago an interesting piece of news hit the specialty press: the owners of Sziget Cultural Management, the company behind Sziget Festival, VOLT, and Balaton Sound, among others,  have sold 70% of their participation in the event to Providence Equity Partners, a global asset management company, IQ-Mag writes. The amount which changed hands wasn't disclosed at this time. The new majority owners have big plans for the festival: the news speak about an "international expansion" of the Sziget Festival brand, among others. To this end, James Barton, former president of Electronic Music for Live Nation and Creamfields Festival founder, and Paul

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