How a vulture capitalist quietly took over Europe’s festival scene
Follow the Money: The Podcast
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Vulture Capitalism and European Festivals
This chapter explores the controversial acquisition of major European music festivals by KKR, an American investment firm, and the resulting cultural fallout. It highlights the ethical concerns surrounding corporate investments in culturally significant events, as well as the reactions from festival organizers and the community. The discussion also contrasts public sentiments in different European countries regarding these ownership changes, particularly focusing on the implications of historical narratives in the context of globalization.
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