View source for OCESA

{{short description|Mexican concert promoter (e. 1990)}}
{{Infobox company
| name = OCESA
| former_name = Operadora De Centro De Espectaculos S.A.
| type = [[Privately held company|Private]]
| industry = {{Unbulletedlist|Entertainment|Nightlife|Music}}
| founded = {{start date and age|1990}}
| founder = Alejandro Soberon Kuri
| hq_location = [[Mexico City]]
| hq_location_country = [[Mexico]]
| services = {{Unbulletedlist|[[Event Promotion]]|Concert organization}}
| parent = [[Live Nation Entertainment]]
| subsid = {{Unbulletedlist|OCESA Colombia|[[OCESA Seitrack]]|[[OCESA Teatro]]}}
| website = {{URL|https://www.ocesa.com.mx}}
}}
'''OCESA''' (formerly '''Operadora De Centro De Espectaculos S.A.'''<ref>{{Cite book|last=|first=|url=https://books.google.com/books?id=Ho5VAAAAMAAJ&q=ocesa|title=Mexico Insight|date=1994|publisher=Excelsior, Cia.|isbn=|location=|pages=36|language=en}}</ref>) is a Mexican concert promoter founded in 1990 by Alejandro Soberon Kuri.<ref>{{Cite magazine|date=2020-10-19|title=In Mexico, the World's Third-Largest Concert Promoter Prepares For Live Music's Return|url=https://www.billboard.com/pro/ocesa-alejandro-soberon-kuri-interview-photos/|access-date=2021-01-13|magazine=Billboard}}</ref> The company organizes [[concert]]s, [[music festival]]s, and other live events. It is currently the largest music promoter in Mexico.<ref>{{Cite book|last=Radbill|first=Catherine Fitterman|url=https://books.google.com/books?id=kstpgrVI-ZQC&dq=ocesa&pg=PA163|title=Introduction to the Music Industry: An Entrepreneurial Approach|date=2013|publisher=Routledge|isbn=978-0-415-89638-2|location=|pages=163|language=en}}</ref> It is headquartered in the [[Hipódromo de las Américas]] in [[Mexico City, Mexico]]. OCESA is a subsidiary of [[Live Nation Entertainment]] and [[Grupo CIE]].
== History ==
In 1994, Bruce Moran, president of OCESA Presents, attempted to bring more foreign artists into Mexico. As part of this initiative, the company organized shows and concert tours with artists such as [[Pink Floyd]], [[Paul McCartney]], [[Madonna]] and [[Santana (band)|Santana]].<ref>{{Cite book|last=Inc|first=Nielsen Business Media|url=https://books.google.com/books?id=aggEAAAAMBAJ&dq=ocesa&pg=PA76|title=Billboard Nov 26, 1994|date=1994-11-26|publisher=Nielsen Business Media, Inc.|isbn=|location=|pages=76|language=en}}</ref> During Moran's tenure, the company also began to expand into [[talent management]] when it took over part of the operations of Ogden Entertainment Services, its majority owner at the time, and hired its personnel.<ref>{{Cite book|last=Inc|first=Nielsen Business Media|url=https://books.google.com/books?id=IwgEAAAAMBAJ&dq=ocesa&pg=PA30|title=Billboard Feb 5, 1994|date=1994-02-05|publisher=Nielsen Business Media, Inc.|isbn=|location=|pages=30|language=en}}</ref>
In 2019 Live Nation planned to acquire a controlling stake in OCESA for $500 million, purchasing Mexican mass media company [[Televisa]]'s 40% stake.<ref>{{Cite magazine|title=Live Nation's Bid for a Mexican Concert Promoter Could Bring Big Changes to Region's Ticketing Biz|url=https://www.billboard.com/pro/live-nation-ocesa-mexico-ticketmaster-concert-regulators/|access-date=2021-01-13|magazine=Billboard|date=23 August 2019|language=en}}</ref><ref>{{Cite web|date=2019-07-25|title=Live Nation to acquire Ocesa stake in $480m deal|url=https://www.iq-mag.net/2019/07/live-nation-acquire-mexico-ocesa-500m-deal/|access-date=2021-01-13|website=IQ Magazine|language=en-GB}}</ref> Live Nation backed out in May 2020.<ref>{{Cite news|date=2020-05-26|title=Mexico's Televisa considers legal steps in breakdown of deal with Live Nation|language=en|work=Reuters|url=https://www.reuters.com/article/us-televisa-live-nation-idUSKBN2322N4|access-date=2021-01-16}}</ref><ref>{{Cite magazine|title=Live Nation Terminates $480M Acquisition of Mexican Promoter OCESA|url=https://www.billboard.com/pro/live-nation-ocesa-acquisition-terminated-mexican-promoter/|access-date=2021-01-13|magazine=Billboard|date=26 May 2020|language=en}}</ref> [[Televisa]] stated that it was considering legal options after this.<ref>{{Cite web|title=Televisa mulls options for Ocesa deal|url=https://www.latinfinance.com/daily-briefs/2020/5/27/televisa-mulls-options-for-ocesa-deal|access-date=2021-01-16|website=www.latinfinance.com|language=en}}</ref> However, Live Nation Entertainment resumed its acquisition on September 13, 2021<ref>{{Cite news|date=2021-09-13|title=Live Nation resumes stalled acquisition of Mexican entertainment firm Ocesa|url=https://www.reuters.com/article/ocesa-livenation/refile-update-1-live-nation-resumes-stalled-acquisition-of-mexican-entertainment-firm-ocesa-idUSL1N2QF0XD|language=en|work=Reuters|access-date=2021-09-13}}</ref>
== Subsidiaries ==
OCESA's theater division is [[Ocesa Teatro]]. OCESA also owns the record label and talent agency [[OCESA Seitrack]].
== References ==
<references />
== External links ==
* [https://www.ocesa.com.mx OCESA website]
[[Category:Electronic music event management companies]]
[[Category:Festival organizations in North America]]
[[Category:Companies based in Mexico City]]
[[Category:Music promoters]]
[[Category:Entertainment companies established in 1990]]
{{Mexico-company-stub}}