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2w ago

Oak View Group Pushes for Ticketing Reforms and Announces Ambitious London Arena Plans

Backed by Co-op Live's £1.3 billion economic impact, the group seeks UK government regulation on scalping and unveils proposals for a new world-class venue in London.

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Tim Leiweke, chief executive of Oak View Group, at the site of Manchester’s Co-op Live arena in 2022
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Overview

  • Tim Leiweke, CEO of Oak View Group, is urging the UK government to regulate secondary ticket sales and adopt advanced technology to curb scalping practices.
  • An independent report highlights Co-op Live's £1.3 billion turnover and significant economic contributions since its delayed May 2024 opening in Manchester.
  • Oak View Group plans to invest over £1 billion in new UK venues, including a London arena larger than the O2, to enhance the nation's live-event infrastructure.
  • Leiweke argues that a new London arena would strengthen the city's bid for the 2040 Olympics, citing Los Angeles's use of arenas for the 2028 Games.
  • Despite early setbacks, including cost overruns and technical issues, Co-op Live has emerged as a key player in the UK's live-music landscape.