BeatHub now controls all of Colombiana de Escenarios after buying BeLive Entertainment Group’s remaining 50% stake. That gives the Colombian company full control of Bogotá’s Movistar Arena operator, though neither side revealed the purchase price.
The venue has welcomed more than 5.5 million visitors and over 400 artists since opening. BeatHub expects more than 160 events there, while CEO Eduardo Olea framed the buyout as a long-term bet on Colombia’s live entertainment market.
Funding came through the Bonus private capital fund’s Infrastructure II compartment. BeatHub already runs businesses spanning ticketing, promotion, production, catering, and venue operations.
Another piece is coming online near Medellín. DAVIarena, a 17,200-capacity project in Sabaneta, carries an investment of COP 320 billion, roughly USD $100 million. Juanes is booked for the opening concert.
One loose end remains. Movistar naming rights could change after Millicom took control of Colombia Telecomunicaciones, but BeatHub has not announced a replacement brand.
The venue has welcomed more than 5.5 million visitors and over 400 artists since opening. BeatHub expects more than 160 events there, while CEO Eduardo Olea framed the buyout as a long-term bet on Colombia’s live entertainment market.
Funding came through the Bonus private capital fund’s Infrastructure II compartment. BeatHub already runs businesses spanning ticketing, promotion, production, catering, and venue operations.
Another piece is coming online near Medellín. DAVIarena, a 17,200-capacity project in Sabaneta, carries an investment of COP 320 billion, roughly USD $100 million. Juanes is booked for the opening concert.
One loose end remains. Movistar naming rights could change after Millicom took control of Colombia Telecomunicaciones, but BeatHub has not announced a replacement brand.
