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Business News Deals Live Business
AMG acquire ABC, will add O2
By CMU Editorial | Published on Tuesday 31 March 2009
The Academy Music Group has announced the acquisition of its 13th venue, which coming the day before 1 Apr has to have some significance, no? Oh, no, apparently. Oh well. The Academy Group have bought a majority stake in the ABC Glasgow venue previously operated by Regular Music and PCL Concerts, both of whom will stay on as minority shareholders.
The former cinema on Sauchiehall Street has been a gig venue since 2005. It will now be renamed the O2 ABC because of AMG’s existing sponsorship relationship with the phone people.
Confirming the acquisition, AMG’s CEO John Northcote told CMU: “The ABC is a first class venue, with an excellent reputation and we’re looking forward to working with Regular Music and PCL to develop the venue within Academy Music Group, expanding our reach in the fourth largest city in the UK”.
