DiscoverFollow the Money: The PodcastHow a vulture capitalist quietly took over Europe’s festival scene
How a vulture capitalist quietly took over Europe’s festival scene

How a vulture capitalist quietly took over Europe’s festival scene

Update: 2025-08-05
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U.S. investment giant KKR has quietly bought up major European music festivals like Sónar and Sziget. Investigative journalists Henk Willem Smits, Salsabil Fayed, Nick de Jager, and Remy Koens have uncovered ties between KKR and Israel-linked firms, including controversial projects in the occupied Palestinian territories. As outrage grows over Israel’s war in Gaza, artists and festivalgoers are pushing back. They accuse the private equity firm of putting profits over the community spirit and cultural values that have long defined such events.

Related stories ➪https://www.ftm.eu/articles/private-equity-buys-festivals

https://www.ftm.eu/articles/brett-christophers-asset-manager-society

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How a vulture capitalist quietly took over Europe’s festival scene

How a vulture capitalist quietly took over Europe’s festival scene

Salsabil Fayed, Emma du Chatinier, Henk Willem Smits, Alexander Fanta