Dedicated to the Business of Contemporary Live Music
LiveUK

AEG-SMG merger hinges on ‘regulatory reviews’

News
18 March 2019
holding-LUK

LIVE UK sister publication Audience has been told that global venue giants  AEG Facilities and SMG will have to wait for the conclusion of “regulatory reviews” and secure approval from consumer protection agency the US Federal Trade, before their 50/50 merger as ASM Global (see LIVE UK issue 229) can go-ahead.

The companies anticipate the process will take several months.

The deal will bring the UK’s two largest concert arenas, AEG’s The O2 (cap. 21,000) in London and SMG’s Manchester Arena (21,000) together in one entity, along with venues such as SMG`s First Direct Arena (13,780) in Leeds and AEG’s management of The SSE Arena, Wembley (12,750) in London.

Other Stories

Emma Banks recognised for outstanding contribution

11 October 2019
CAA AGENT Emma Banks will receive the Outstanding Contribution award at the Live Music Business Awards ceremony on 30 October at the convention centre beneath…
Read more

MJR Group acquired by Australian company

25 September 2019
PROMOTER AND venue operator The MJR Group has been bought by Australian promoter and leading ticketing company TEG, in a deal that will see MJR…
Read more