ASM Global, Live Nation and Oak View Group pledge to end doing business with Russia

March 4, 2022

Global entertainment groups ASM Global, Live Nation and Oak View Group are among those that have undertaken not to do business with Russia following the country’s invasion of Ukraine.

Live Nation, which had a Moscow office in the early 2010s as it expanded its operations in the region, has vowed not to promote shows in Russia and says it is cutting ties with Russia-based suppliers.

In a statement released to live music news platform IQ, the Los Angeles, USA-based company advised “Live Nation joins the world in strongly condemning Russia’s invasion of Ukraine

“We will not promote shows in Russia, and we will not do business with Russia. We’re in the process of reviewing our vendors so we can cease work with any and all Russian-based suppliers.”

ASM Global, whose portfolio of venue includes Moscow Convention Centre and Moscow's MTS Live Arena, said it “stands with the people of Ukraine and condemns Russia’s actions", noting "we fervently support a community’s right to freedom.

“Our thoughts are with the people of Ukraine, their families, and loved ones all around the globe.”

Earlier in the week, global venue development, advisory and investment company for the sports and live entertainment industries Oak View Group (OVG) announced it was boycotting Russia amid widespread outrage over the country’s actions.

OVG’s Climate Pledge Arena lit up Seattle Center in the colours of the Ukrainian flag in a gesture of support for #StandWithUkraine.

In a statement, OVG explained “in light of the tragic conflict rapidly unfolding in Ukraine, Oak View Group has pledged to not do business in or with Russia, nor will we serve Russian brands in any of our venues on a global basis, effective immediately,

“We stand with the people of Ukraine, we condemn the actions of Russia, and we hope our stance inspires others in our industry to take action where they can.”

The announcement immediately affects OVG hospitality services worldwide, in order to take a clear and strong stance to #StandWithUkraine and its people by denouncing business with Russia.

Image: Moscow's MTS Live Arena.

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