Exclusive: Live Nation to pay Royal Parks over £1m for Olympic live sites

Event can reveal Live Nation will fork out more than £1m in rental fees to stage this summer's live sites in London's Royal Parks.

Exclusive: Live Nation to pay Royal Parks £1m for Olympic live sites
Exclusive: Live Nation to pay Royal Parks £1m for Olympic live sites

Hyde Park, Victoria Park and Trafalgar Square will become the centre of public celebration during the London 2012 Games with outdoor screenings and entertainment.

The bill will also cover the two Hyde Park celebration concerts to coincide with the opening and closing ceremonies, as well as a gig to mark the arrival of the Torch Relay in London on 26 July.

As previously reported, Live Nation will fund the events through hospitality, food and drink concession and merchandising.

Event obtained the details as part of a freedom of information request. According to the Information Commissioner's Office, the exact fees cannot be disclosed as it would "prejudice" the Park's commercial interests by adversely affecting its bargaining position during future negotiations for events.

The live sites and celebratory concerts aren't the only events Royal Parks is set to benefit from financially during the Olympics. Event can also reveal the Association of National Olympic Committees of Africa (ANOCA) will be charged between £200k-£500k for its base in Kensington Gardens.

The Parks will host eleven sporting events as part of the London 2012 Olympic and Paralympic Games.

Olympic organiser Locog is exempt from any fees in accordance with the London 2012 Candidate File of 2004 which states: "All public sport and non-sport venues required for the Games will be made available to Locog either free of charge or at a rental cost to be pre-approved by the IOC".  

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