Secret Sounds' 'Splendour in The Grass' festival logo. 

In a push into the Australian festival market, Live Nation Entertainment announced the purchase of a controlling 51 percent stake in the Australian festival producer/promoter Secret Sounds, which puts on two of the nation's most beloved festivals: New South Wales' Splendour in the Grass and the Falls Music & Arts Festival.

The deal also includes a stake in the company's touring, sponsorship, PR, ...

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