The London-based All Things (ATC) group says it is considering a list of the London Stock Exchange after more than doubled its revenue in 2024.
In a statement on Monday (February 10), the independent music company said its revenues for 2024 were approximately £50 million (US$63.9 million at the average exchange rate for 2024).
That’s 107% Previous year This is up from the £24.1 million reported by the ATC in 2023.
The company’s performance was driven by “continued organic growth from the successful integration of new managers, agents and artist clients and contributions from strategic acquisitions that have significantly strengthened the group’s value proposition.”
With these strategic acquisitions, ATC has spent millions of dollars totaling on M&A over the past three years, and the company has bought it.
A 50% stake in McKeown Events (now known as Joy Entertainment) via the 2024 GBP £475K transaction. Bring Me The Horizon, My Valentine, The Mars Volta, The Damned, You Me At Six, Don Broco bullets, and 60% stake in Merch Firm SandBag, the leading driver of ATC’s 156% revenue surge, its year. According to company documents, ATC’s majority interest in SandBag was acquired in 2023 at an initial price of £242 million.
Meanwhile, last year, ATC signed a “cooperation agreement” with China-based music company Modern Sky, and launched a transatlantic music promotion company called Circa.
In the latest investor update, ATC announced plans to fully acquire live streaming platform Driift for a still-secret amount.
The ATC currently holds a 32.5% stake in Driift and says it is currently signing a contract with the remaining shareholders to acquire a 100% stake in Driift Holdings.
ATC said that while all three divisions of artists’ representation, service, live events and experience achieved great growth in 2024, it did not break down the revenue figures for individual businesses.
Founded 20 years ago with the message of Craig Newman and Brian – now co-chair of the company – ATC focuses on acquisition strategies that have allowed it to expand into a variety of services amid the transition to digital music. I’m guessing it. ATC Today includes ATC Management, booking agency ATC Live, ATC Services, ATC Experience, and live streaming service Driift.
“This has been an important advancement for the group in line with our vision to build a full-service music business that will be offered to artists across the music industry’s value chain.”
Adam Driscoll, ATC Group
The company says it currently represents around 860 clients across 1,080 “business engagement.”
According to its website, ATC Management’s signature roster includes artists such as Daniel Avery, Faithless, Johnny Mar, Keaton Henson, Nick Cave, PJ Harvey, Threeford Mods and Yaeji.
In addition to its London headquarters, it also operates offices in Los Angeles, New York and Europe.
“In light of the group’s growth and increased availability opportunities, and in response to existing and potential shareholder requests to improve stock liquidity, the ATC board of directors is to be held to publicly trade in stocks. “We are considering moving to the market that operates the quotes. By the London Stock Exchange to support this,” the company said in an investor update this week.
“The considerations are early stages and further updates will be provided as needed.”
ATC Group PLC is currently listed in subscription-based Exchange Aquis and raised £4.1 million in IPO in 2021.
“This has been a significant advancement for the group in line with our vision to build a full-service music business that will provide artists across the music industry’s value chain,” ATC CEO Adam Driscoll said. Masu.
“We entered the New Year with building blocks and scale to take advantage of growing market opportunities.
“We believe our board will provide continued growth this year due to our strong financial position, increased profitability and a strong pipeline of visible activities.”Music business all over the world
