After a decade of events, Live Nation is leaving Hyde Park with logistics issues and noise restrictions behind the decision.
The company has written a formal letter of complaint about the “flawed” tender and bidding process for the new five-year contract for the venue.
With regard to RPA’s tender document, Live Nation is believed to be arguing that it fails to consider increasingly complicated logistics and running costs of putting on events of such a scale in a central location in London.
The letter is also said to highlight issues of noise restrictions with events in July sure to be in mind, when Bruce Springsteen and Sir Paul McCartney’s microphones were turned off during a performance as a result of curfew issues.
Further issues understood to have been highlighted by Live Nation include crowd safety considerations raised as a result of shutting off Park Lane and unrealistic assumptions regarding revenue.
Live Nation is the biggest live music company in the world and in the past has put on Live 8, the Wireless Festival, Hard Rock Calling and concerts for the likes of Madonna, Bruce Springsteen and Bon Jovi.
Royal Parks awarded Live Nation a formal contract for the period 2009 to 2012, with the tender process for the new contract set to run from 2013 to 2019.