- Business
- Corporación Interamericana de Entretenimiento, S.A.B. de C.V. (CIE) operates as Mexico's largest out-of-home entertainment conglomerate, promoting live events including concerts, festivals, theatrical shows, and sporting events; producing live shows, automobile races, and family entertainment; operating venues such as the Palacio de los Deportes, Foro Sol, Auditorio Nacional, and Teatro Metropólitan in Mexico City, along with exhibition centers like Centro Citibanamex; managing a ticket agency through its Ticketmaster joint venture; and maintaining interests in horse racing tracks, theme parks, and betting parlors. Founded in 1990 and headquartered in Mexico City, CIE conducts operations primarily in Mexico with presence across Latin America, the United States, and Europe through subsidiaries like OCESA (live entertainment promotion), CIE Eventos Especiales (government events, tourism promotion, and medical events via CREA, CREATURISMO, and CREAMEDIC), and Representaciones de Exposiciones México (fairs and conventions). The company targets consumers seeking live experiences, corporate clients for events, and government entities for specialized services.
In July 2025, CIE agreed to sell an additional 24% stake in OCESA, its core live entertainment subsidiary, to Live Nation Entertainment, Inc., increasing Live Nation's ownership to 75% while CIE retains 25%, with the put/call option for the remainder extended to 2032; this transaction, valued at over 12 billion Mexican pesos and expected to close by late August 2025 pending shareholder approval, enables debt reduction and working capital support. Previously, in 2021, Live Nation acquired a controlling 51% stake in OCESA from CIE and Grupo Televisa, strengthening CIE's strategic alliance in the fast-growing Latin American live music market. These moves reflect CIE's focus on optimizing its portfolio amid Mexico's booming entertainment sector, where fan attendance continues to rise.