UK Live Music sector now worth £1bn.

The Measuring Music 2017 report has now been released and reports that the UK live music industry is now worth £1bn for the first time, growing by 14% in 2016.

The report also confirms the importance of the live music sector as an employer with almost 30,000 people employed in the sector in 2016 compared to just over 9,000 in recorded music.

If you would like to read the full report please click here.

Wish You Were Here 2017 report released

UK Music, the organisation that represents the live music sector in the UK has launched its annual report on the effect of live music on the UK economy.

The report is positive reading for the industry as music tourism generated £4bn in direct and indirect spending in 2016 and we have seen the number of festival attendees increase by 6% on the previous year to just under 4 million people.

The number of overseas music tourists coming to the UK has also increased by 7% on the previous year to 823,000, further demonstrating the UK’s attractiveness as a live music destination.

If you would like to read the full report it can be found here.

Little Yellow Door to host the ‘Little Yellow Weekender’

The team behind the Little Yellow Door, one of the First Edition EIS investee companies are going to be hosting their inaugural ‘Little Yellow Weekender’ on Osea Island this weekend.

The event will see 200 attendees descend on the island for a weekend of activities and parties including giant water slides, ‘pimms-pong’ and their signature dinner parties.

The event has had some fantastic coverage in the Evening Standard and if there are a small number of tickets available here if you would like to join them!

Intelligent Partnership release their Media and Entertainment sector report

Intelligent Partnership have released their Media and Entertainment report that identifies some of the positive benefits of investing in the sector through the enterprise investment scheme (EIS). Highlights include:

  • Media and entertainment remains one of the most popular sectors to receive investment through the EIS scheme with 38% of the market.
  • The sector provides investors with access to high growth companies
  • The UK continues to be a world leader in the sector with global consumption of UK content continuing to grow

The report also uses the sale of Impresario Festivals’ festival assets, a process managed by Edition, as a great example of the returns that investors can achieve in entertainment.

Edition’s ‘First Edition EIS’ provides investors with access to the media and entertainment sectors and should you wish to find out more about our investment opportunities please click here.

If you would like to receive the full Intelligent Partnership report, please request one here.

The Edition Team

Impresario receives London Stock Exchange recognition

We are delighted to announce that Impresario Festivals plc has been recognised in the London Stock Exchange’s report, 1000 Companies to Inspire Britain. The report includes many nationwide names such as Everyman Cinema, Brewdog and Just Eat as well recognising the importance of creative industries in the wider British economy.

The Edition team led on the fundraising for Impresario Festivals plc and were actively involved in the commercial and operational management of Impresario over its initial 4 years of trading, including managing all investments and acquisitions for the group before a successful sale to the media and entertainment group, Global.

We are extremely proud that Impresario has been recognised and if you would like to read the full report, it can be found here.

Edition in the news

Harry, one of the Edition Partners, recently spoke to Pollstar to discuss the live entertainment sector as an investment and the trends that we are now seeing in the marketplace.

 

With over 50 years combined experience in the sector, Edition have been involved in festival deals in the UK and internationally and are therefore well placed to identify potential projects when they arise.

 

If you are an independent festival owner looking for funding or an investor who would like to gain access to the sector we would love to hear from you here.

 

If you would like to read the full interview with Harry it can be found here.

Edition successfully completes the first round of the First Edition EIS fundraise

Following a successful period of fundraising, Edition Capital are pleased to confirm the allotment of the first round of fundraising.

Each business will benefit from Edition Capital’s hands-on operational and strategic experience as they enter the next growth phase of their development.

If you are a business seeking investment and would like a meeting with one of the Edition team to find out more, please contact jamie.jones@editioncapital.co.uk.

Superstruct Entertainment announces acquisition of Elrow

Superstruct Entertainment are pleased to confirm the acquisition of Barcelona based promoter, Elrow.

Elrow is a promoter of electronic music parties at festivals and clubs throughout Europe and is active in 14 countries. James Barton, CEO of Superstruct commenting on the acquisition said, “The Elrow team has created a unique experience that is loved by fans. We are excited to partner with and support such an impressive team and look forward to unlocking new growth opportunities for their business.”

Read the full story here.

 

Edition announces the launch of entertainment focused EIS

Following the recent announcement of the successful sale of Impresario Festivals plc’s festival portfolio to the media and entertainment group Global, we have announced the details of ‘First Edition EIS’, an investment fund that aims to provide growth support for businesses in the media and entertainment sectors. The fund will focus on the live entertainment, television, venues and immersive media sectors, building upon the expertise of the Edition Capital team.

The fund will span both profitable and pre-profit businesses, from the roll out of existing established concepts through to the creation of new assets in the many promising areas of the media and entertainment fields.

First Edition EIS presents both investors and investee companies with an exciting proposition. For investors the fund offers access to fast growing, scalable media and entertainment opportunities. For investee companies, Edition provides capital to creative businesses that have often struggled to secure funding, along with hands-on operational and strategic support to assist them in the next growth phase of their development.

You can read more on our announcement here. If you'd like to learn more about the Edition opportunities, then please get in touch.

The Edition Team