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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