Hammersmith Apollo sold to Stage C Ltd

Iconic UK venue offloaded by HMV Group for £32 million to buyers Stage C Limited, owned jointly by Germany’s AEG and CTS.
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HMV Group have announced the sale of the Hammersmith Apollo to Stage C Limited a company jointly owned by subsidiaries of the Anschutz Entertainment Group (AEG) and CTS Eventim AG. HMV Group has confirmed the price of the sale at £32 million and expects the deal to go through by August. The Hammersmith Apollo, where Martin Audio recently launched their MLA Compact system, opened in 1932 as the Gaumont Palace cinema, and was bought by the MAMA Group in 2007. The company was later taken over by HMV Group in 2010. Among the notable gigs held there was David Bowie’s final concert as alter-ego Ziggy Stardust. Dean James CEO of the Mama Group, commented on the sale: “It has been a privilege to have been the custodians of this fabulous venue for the past 5 years and I wish Jay Marciano, Klaus-Peter Schulenberg and their teams as much success and pleasure as we have enjoyed. I would also like to thank Paul Latham and Denis Desmond for giving us the opportunity to own such a wonderful asset. MAMA is, and always has been, a mid-sized live music venue and festival business and this will remain our focus going forward.” The Anschutz Entertainment Group is the world’s largest owner of sports teams and sporting events. Under it’s AEG Live division, it is the world's second largest presenter of live music and entertainment events (after Live Nation). CTS Eventim is Europe’s biggest ticketing provider, supporting over 150,000 events annually. www.hmvgroup.comwww.mamagroup.co.uk

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