Business
Acquisition of prominent music venues in Brighton
Acquisition of prominent music venues in Brighton.
About this update from Atc Music Group Plc
[{"type":"text","content":"\n\n12 March 2025\nAll Things Considered Group plc\n(\"ATC\", the \"Company\" or the \"Group\")\n \nAcquisition of prominent music venues in Brighton\nATC builds stake in music venue ownership, bolstering reach across live events value chain\n \nThe Board of All Things Considered Group plc (AQSE: ATC), the independent music company housing talent management, live booking, merchandising, talent services and events, is pleased to announce the acquisition of a majority interest in Brighton-based music venue, Concorde 2, along with the acquisition of an additional Brighton-based venue, Volks, and associated festival amenities company (the \"Acquisitions\").\n \nHighlights\n\n\n\n\n· \n\n\nATC via its subsidiary, Joy Entertainment Group Ltd (\"Joy\"), increases ownership of live music venue, Concorde 2, to 80% and acquires full ownership of amenities operations entity, JTR Productions Ltd (\"JTR\"), for a total cash consideration of c£2.49m.\n\n\n\n\n· \n\n\nSeparately, Joy acquires 60% of Brighton-based late-night venue, Volks for c£400k cash.\n\n\n\n\n· \n\n\nThe Acquisitions enhance the Group's cross-selling potential, strengthening ATC's ability to offer end-to-end service delivery to artists across an increasing range of creative and commercial needs.\n\n\n\n\n· \n\n\nBy joining ATC's full-services platform, Concorde 2 and Volks will gain access to music industry intelligence from ATC's other service touch points to drive growth synergies aligned to market demand.\n\n\n\n\n· \n\n\nStrong cultural alignment and industry fit.\n\n\n\n\n· \n\n\nVenue ownership and operations brings new revenue stream to ATC, enhancing well-balanced services portfolio through music industry cycles.\n\n\n\n\n \nBackground and rationale\nConcorde 2 is a landmark, industry-recognised mid-sized live music venue in Brighton, particularly well known for 'destination underplay' performances from leading artists. The venue hosts 150 live music events and 120 club nights a year, with average footfall having grown year-on-year to c150k in 2024.\nVolks is one of the longest running late night venues in Brighton with a strong focus on drum and bass music. It is situated close to the Concorde 2 venue on Brighton seafront and the combined ...