Live Nation will no longer hold events at Hyde Park as it has failed to renew its contract with the location.
The tender and bid process for a new five-year contract with the location has been criticised by Live Nation in a formal letter of complaint to the Royal Parks Agency - an executive agency within the Department for Culture, Media and Sport, which is running the process - the Guardian reports.
The letter cites the curfew issues of this summer’s events as well as crowd safety problems and ‘unrealistic revenue assumptions’ behind its reasoning as well as claiming that the tender document doesn’t account for ‘complex logistics and costs of running big events’ in such a location.
Following a decade of events in Hyde Park, Live Nation faced problems with noise restrictions, curfews, bad weather and cancellations in relation to events this year. Over the years, it has held a wide range of music events at the park including Wireless Festival, Hard Rock Calling and concerts by The Hit Factory Live, Madonna and Bruce Springsteen.
Live Nationa also held a successful run of 25 Olympics-related events there over the summer.