Live Nation: UK concert promoter has lost over £150m since last profit Business Losses have surged at the UK concert promotion division of Live Nation as its turnover was also cut during its latest financial year. The arm of the US giant has reported a pre-tax loss of £10.7m for 2024, according to new accounts filed with Companies House. The latest figure comes after Live Nation (Music) UK [...]
The O2: Peter Kay and Olivia Rodrigo help arena to record profit Business The O2 in London raked in a record profit in 2024 thanks to the likes of Peter Kay, Sir Paul McCartney and Olivia Rodrigo, it has been revealed. The arena has posted a pre-tax profit of £64.8m for its latest financial year, according to new accounts filed with Companies House. The latest total is up [...]
Brit Awards in the red ahead of Manchester move Business The company behind the Brit Awards has fallen into the red ahead of moving the annual event out of London for the first time in its history. Brit Awards Limited has reported a pre-tax loss of £12,653 for 2024, new accounts filed with Companies House have confirmed. The loss comes after the business made a [...]
Oasis reunion tour to boost London’s economy by £426m May 22, 2025 The long-awaited Oasis reunion is set to deliver a remarkable £426.3m boost to London’s economy, with fans across the UK set to spend over £1bn. New data from Novuna Personal Finance found that the band’s sold-out, seven-night residency at Wembley Stadium will attract more than 630,000 fans to the capital, with each night forecast to [...]
The O2 owner’s touring and festivals arm almost doubles sales May 15, 2025 Sales at the UK touring and festivals arm of the group that owns The O2 in London almost doubled as its profits surged during 2024, it has been revealed. AEG Presents has posted a turnover of £340m for its latest financial year, up from the £178.3m it reported for 2023. New accounts filed with Companies [...]
Plans to build UK’s largest arena in London revealed by Co-op Live owner May 14, 2025 The live entertainment giant which co-owns the UK’s largest indoor arena, Co-op Live, is looking at building up to two new venues in London at a cost of around £1.5bn. Speaking to City AM, Oak View Group (OVG) chief executive Tim Leiweke revealed plans for up to two arenas are currently being considered with the [...]
Co-op Live rakes in millions after overcoming disastrous launch March 3, 2025 Co-op Live, the UK’s largest indoor arena, bounced back from a disastrous launch to rake in millions during its first year in operation. The £365m Manchester venue hit national headlines at the start of 2024 when its grand opening was delayed several times. The fall out led to the resignation of boss Gary Roden days [...]
OVO Arena Wembley creates over 250 jobs and doubles profit October 28, 2024 OVO Arena Wembley doubled its profit and created more than 250 jobs during its latest financial year, it has been revealed. AEG Facilities UK, the business behind the London venue, has reported a pre-tax profit of £2m for 2023, up from the £1m it posted in 2022. Newly-filed accounts with Companies House also show that [...]
Co-op Live boss promoted after leading recovery from disastrous launch September 16, 2024 The boss of Manchester’s Co-op Live arena has been promoted after leading its recovery following a disastrous launch earlier this year. Rebecca Kane Burton took over the reigns at the £365m arena by Manchester City’s Etihad Stadium in April after its previous boss resigned after a series of problems and delays generated national headlines. Gary [...]
AEG Presents: Covid rebound hailed by Hammersmith Apollo owner despite sales and profit dip September 9, 2024 AEG Presents, the UK touring and festivals arm of the group that owns The 02 in London has hailed its full recovery from the Covid-19 pandemic despite a fall in its turnover and profit during 2023. The company, which is headquartered in the capital, is part of the wider LA-based AEG group which is the [...]