Competition agency launches investigation into sale of MCD to Electric Picnic owners

As well as owning EP, LN Gaiety Holdings has business arrangements with Live Nation UK.

A full investigation is to be carried out into the sale of Ireland's biggest music promoter to the owners of the country's biggest music festival.

The Competition and Consumer Protection Commission is examining whether the move to sell MCD to the owners of Electric Picnic could result in less competition in the entertainment industry.