The Olympic Park will host the Hard Rock Calling and Wireless festivals this year.
Following complaints from residents, the two gigs have been moved from Hyde Park, and they will now be held at the venue that was used as the centre stage for the London 2012 Olympic Games.
The festivals will be held in July, which will mark the first anniversary of the Games, and music stars such as The Rolling Stones and Beyonce are being tipped to perform.
It is anticipated that Live Nation, the promoter running the shows, will use both the Olympic Stadium and the site once occupied by the Olympic hockey arena for the two three-day festivals.
The promotion business said the public transport links and acoustics at the Olympic Park were better suited than Hyde Park to staging such large-scale events.
London Mayor, Boris Johnson, said the relocation of the festivals “from the centre of the capital is a ringing endorsement of our legacy plans”.
The £292 million transformation of the Olympic Park, which began when the Games ended, is set to take 18 months to complete.
Posted on 22/01/2013