Live Nation Australia has secured a long-term lease of Melbourne’s Palais Theatre, the beloved St. Kilda venue that has held long-term popularity with the music industry and the community.
Michael Coppel, President and CEO of Live Nation Australia and NZ has recognised the importance of the Palais Theatre and has acknowledged the significance of the company’s new partnership with the venue.
“Both as a major presenter of live events and as a Melbourne-based and staffed music business firm, we are very aware of how important the venue is to the St. Kilda community and to the people of Melbourne in general, and what a very special performance space it is. To have been granted stewardship of this iconic venue carries a great responsibility and we will see to restore the Palais to its former glories, to better adapt it to the changing requirements of live performances and to operate it for the benefit of all stakeholders, hirers, staff and patrons.”
Live Nation has committed to the creation of the Palais Theatre Community Fund, which will be funded by a $0.50 contribution form every ticket sold. The fund is aiming to generate more than $4 million over the life of their lease to support a range of community initiatives.
To find out more about this new development, visit the Port Phillip Council’s website, HERE.
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