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A battle of the London arenas is taking shape, with Live Nation--formerly known as Clear Channel Entertainment--taking over the long-term promotion and management of Wembley Arena.
The deal puts the world's two biggest music venue and promoter groups in direct opposition in the capital, with north west London's soon-to-reopen Wembley Arena taking on the Millennium Dome in south east London, which has been developed by the rival Anschutz Entertainment Group and redeveloped as an entertainment complex called The O2.
Wembley will reopen a year ahead of The O2, giving it time to establish itself following a 35m [pounds sterling] revamp. Live Nation also owns or part-owns a large network of booking agents and concert promotion businesses, which may present synergies for Wembley.
Maximum capacity at Wembley Arena, with floor ...