SAO PAULO, July 10, 2012 /PRNewswire/ -- T4F Entretenimento S.A. ("T4F") (BM&FBovespa: SHOW3) - TIME FOR FUN (T4F), the leader in the live entertainment industry in Latin America, hereby announces that it has renewed the long-term lease of Citibank Hall, in the city of Rio de Janeiro.
The contract provides for the exclusive right to operate the venue until 2018 under the same current format, in which T4F holds total control of the venue's calendar and naming rights, ticketing, and sales of food, beverages and merchandising.
Opened in 1994, Citibank Hall is the most important indoor venue for live shows in Rio de Janeiro, with a total capacity of 8,500 people, having already hosted many big national and international music names, including Coldplay, Oasis, Bob Dylan, Ringo Starr, Iron Maiden, Red Hot Chilli Peppers, Linkin Park, Santana, Mana, Simply Red, Ozzy Osbourne, Yanni, Laura Pausini, Luis Miguel, Pavarotti and José Carreras, as well as many others.
"Rio de Janeiro is one of the most well-known and visited cities in the world, and its potential to host arts, cultural and sports events gained momentum with the 2014 World Cup and the 2016 Olympic Games, which will be held in the city. The control of this top venue in Brazil reinforces T4F's leadership in bringing the most important live entertainment tours to South America," declared Fernando Alterio, CEO of T4F.
The renewal of the lease to control Citibank Hall is part of T4F's plan to have a verticalized presence in the major live entertainment markets of South America. Besides Rio de Janeiro, T4F now operates all its venues under long-term lease agreements, including maturities by up to 2019.
T4F - Investor Relations
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SOURCE T4F "Time for Fun"