Denis Desmond and SJM Concerts have jointly acquired a major shareholding in Maraworld SA, parent company of Vince Power's four day Spanish music event Festival Internacional de Benicassim.
Vince Power remains a shareholder in Maraworld SA. He will continue in charge as Managing Director until August 2013.
Denis Desmond is an Irish promoter and founder of MCD which owns Oxegen, and has a share in V Festival. MCD in partnership with Live Nation are the parent company of Festival Republic who have an interest in Latitude, Longitude, Reading and Leeds Festivals.
SJM also has a share in V Festival, and are one of the country's biggest concert promoters and were, amongst other things, behind the recent Stone Roses reformation.
Ticket holders needn't worry the festival is in no way affected by the acquisition, in fact the takeover makes the event more secure if anything. Established in 1994, this year will be its 19th year, the International Benicàssim Festival, FIB Heineken, near Valencia, Spain is back for 2013 from Thursday 18th until Sunday 21st July. With camping thrown in with the ticket price, all night music over 4 days, and sited just walking distance from the beach and a huge water park.
Vince Power commented, "The difficult economic climate coupled with the bad year suffered by Music Festivals PLC has prompted my decision to sell a major shareholding in Benicassim festival. I am pleased that two of Europe's best known festival promoters are now taking part. FIB is one of the world's most established and best-loved live music events and I wanted to ensure the future of the festival for many years to come. I am pleased we have found great partners to take Benicassim forward to its next phase and to guarantee it is secure and solid for the fans, this year and every year. Next year Benicassim celebrates its 20th anniversary and I look forward to many more memorable festivals in years to come."
The festival features The Killers, Arctic Monkeys, Queens of the Stone Age, Dizzee Rascal, Primal Scream, Kaiser Chiefs, Bastille, The Courteeners, Hurts, AlunaGeorge, China Rats, Deap Vally, Echo Lake, Rizzle Kicks, Temples, Azealia Banks, Jake Bugg, Palma Violets, La Roux, Miles Kane, Everything Everything, Beach House, Black Rebel Motorcycle Club, Dorian, Bigott, Rudimental, And So I Watch You From Afar, Smile, Grupo Salvaje, Attic Lights, The Child Of Lov, Soledad Velez, Alba Lua, Pleasant Dreams, Woodkid, Le Carousel, Childhood, Christian Smith, Chvrches, The Coronas, El Gran Manel, Hanni El Khatib, Hyetal, J Roddy Walston & The Business, Jacco Gardner, Pegasvs, Ratoniles, The Riptide Movement, Terrence Dixon, and more.
For the line-up details, and day splits as available please click here.
As well as this diverse array of musical performers, the festival has an extensive bill of non-musical entertainment, including dance, art, theatre, fashion, silent disco and short films.
Tickets are priced at £150 for a four day ticket, or £325 for VIP.
To buy tickets, click here.
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