BBC News – Hammersmith Apollo in London sold by HMV to Stage C
The 5,000-capacity venue was taken over by entertainment retailer HMV in 2010.
HMV chief Simon Fox said: “The Hammersmith Apollo is an iconic London venue and it has been a privilege to own it over the last three years.”
The venue opened in 1932 as the Gaumont Palace cinema, as part of a wider turnaround.
It is also the eponymous venue in the BBC stand-up comedy series Live at the Apollo.
Stage C is jointly owned by London’s indigO2 operator Ansco Music Club, a subsidiary of US company Anschutz Entertainment, and a subsidiary of Munich-based CTS Eventim.
The sale is conditional on banking approvals, shareholder approval and Stage C securing regulatory approvals.
With 252 stores in the UK, HMV said the sale allowed it to focus on its core retail business, while the proceeds from the disposal would be used to reduce the group’s outstanding debt.
Strange Random Concert Quote:
- HMV confirms £32m sale of Hammersmith Apollo, extends bank facility (991.typepad.com)
- London’s Hammersmith Apollo sold by HMV for £32m (digitalspy.co.uk)
- HMV to sell Hammersmith Apollo for £32m (guardian.co.uk)
- Hammersmith Apollo sold by HMV (business-sale.com)
- HMV sells Hammersmith Apollo for £32m (independent.co.uk)
- Hammersmith Apollo sold (newstalk.ie)
- STING – At Hammersmith Apollo (aowenldn.com)
- AEG is preferred bidder for HMV Live (business-sale.com)
- Sony heads suitors tuning in for HMV Live music bid (independent.co.uk)