French soccer club collaborate with Olympia Production to produce 2020 event. Getty Images France’s top-flight soccer club Olympique Lyonnais has partnered with Olympia Production, a French production company for shows and concerts, to create OL Production and set up a new annual music festival. With the Ligue 1 club eyeing further growth in the entertainment sector, the music event will be named Felyn and be held next year from 19th to 20th June at Lyon’s Groupama Stadium. The line-up and further details are set to be announced by the end of 2019. The newly-formed OL Production will organise and manage the festival, with ownership shared equally between Lyon and Olympia. The chairman of the joint venture is set to be appointed in the near future, as well as a board of directors made up of both shareholders. Lyon already hires out its stadium for major events but reported a €1.8 million (US$2 million) fall in income for its events business to €5.2 million (US$5.8 million) in the first nine months of the 2018/19 financial year. This was attributed to the lack of major events being held at the stadium compared to 2017/18, which included the France versus New Zealand rugby union match. This latest push to bring in more income outside of the soccer season comes as Lyon targets annual revenues of €400 million (US$452 million) by 2024. Another venture to boost profits will be the construction a 15,000-seat multipurpose arena to host sporting and cultural events. In May, Lyon announced record revenues of €223.8 million (US$253.1 million) for the first nine months of the 2018/19 financial year, an increase of €36.1 million (US$40.8 million) in the nine months to 31st March 2018 last year.
Olympique Lyonnais has teamed up with Olympia Production to launch a music festival. The 2020 organisations have formed a production company, OL Production , which will organise and manage the June next year event. The festival, called Olympia Production , will be held at the club's Groupama Stadium in annual .