U.K. festival and event promoter Festival Republic has taken majority ownership of the Big Chill Festival.

The festival, which marked its 15th year this summer, is staged at Eastnor Castle, Herefordshire. It takes place next year on Aug. 5-8.

The Big Chill will be co-produced by Festival Republic and the existing Big Chill team from the Festival Republic offices. Katrina Larkin, director and co-founder of the Big Chill Group, will remain creative director of the festival.

"This marks an exciting time for the Big Chill and I am thrilled to welcome Katrina and her team into the Festival Republic family and even more thrilled to have the opportunity to develop this fantastic festival, both here in the U.K. and internationally," said Melvin Benn, managing director of Festival Republic, in a statement.

Larkin added: "It's a great opportunity for the Big Chill, following arguably our best festival to date. It means support for Big Chill all year round and allows us to concentrate on what we do best - creating amazing festivals without compromise."

Acts on the bill in 2009 included Orbital, Basement Jaxx and David Byrne.

Festival Republic, which is co-owned by Live Nation and Gaiety Investments, operates Glastonbury, Latitude, Reading and Leeds festivals in the U.K., in addition to Hove (Norway) and Electric Picnic (Ireland).