HMV sells off Hammersmith Apollo for £32m

HMV has sold entertainment venue the Hammersmith Apollo for £32m to a consortium that includes the owner of the O2 Arena.

HMV sells off Hammersmith Apollo for £32m
HMV sells off Hammersmith Apollo for £32m

The venue, which has hosted gigs by Queen, the Beatles and Oasis, has been sold to Stage C, a joint venture between Ansco Music Club, a division of Anschutz Entertainment Group (AEG), and CTS Eventim, a German ticking service provider.

The deal is conditional on Stage C obtaining competition clearance in the UK and Germany and HMV Group obtaining shareholder approval.

With a capacity in excess of 5,000, the Apollo has a reputation as one of London’s most iconic entertainment venues featuring live music, comedy and family entertainment events.  

AEG currently owns and operates The O2 and IndigO2 in Greenwich, London.

A statement from AEG said: "The Hammersmith Apollo will provide a complementary fit to both AEG and CTS’s existing UK operations."

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