As part of the deal, the Grade II-listed 1,749-capacity venue, which is currently owned by Southampton Council and operated by Live Nation, will offer fans 48-hour priority ticket access and a priority queue.
Paul Latham, chief operating officer for Live Nation, said: "This is a fabulous example of how we at Live Nation work with our respective partners to deliver a great offering to our customers.
"In this instance, we are combining the heritage and civic pride of our partner at Southampton Council with the vision and talent of our marketing partners at O2, to deliver enhanced facilities and engagement opportunities."
The partnership between Live Nation and O2 Telefónica, which started in 2008, already encompasses 15 venues including O2 Academy Brixton and the O2 Shepherd’s Bush Empire.
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