{"id":83553,"date":"2024-05-16T12:05:59","date_gmt":"2024-05-16T16:05:59","guid":{"rendered":"https:\/\/www.cyberlego.com\/web\/2024\/05\/16\/atc-acquires-majority-stake-in-raw-power-to-form-uk-artist-management-powerhouse\/"},"modified":"2024-05-16T12:05:59","modified_gmt":"2024-05-16T16:05:59","slug":"atc-acquires-majority-stake-in-raw-power-to-form-uk-artist-management-powerhouse","status":"publish","type":"post","link":"https:\/\/www.cyberlego.com\/web\/2024\/05\/16\/atc-acquires-majority-stake-in-raw-power-to-form-uk-artist-management-powerhouse\/","title":{"rendered":"ATC Acquires Majority Stake in Raw Power to Form UK Artist Management \u2018Powerhouse\u2019"},"content":{"rendered":"

<\/p>\n

\n<\/p>\n
\n

\n\tLONDON \u2014 Two of the United Kingdom\u2019s leading music management companies have joined forces after ATC Management acquired a majority stake in Raw Power Management, whose clients include rock bands Bring Me The Horizon and Bullet For My Valentine.<\/p>\n

\n\tFinancial terms reveal that ATC paid \u00a31.4 million ($1.8 million) for a 55% stake in Raw Power, which was founded in 2006 by CEO Craig Jennings<\/strong>, Rod Smallwood<\/strong> and Andy Taylor<\/strong>. Headquartered in London and with offices in Los Angeles, Raw Power\u2019s other clients include The Mars Volta, The Damned, You Me At Six, Don Broco, Heartworms, Kid Kapichi, The Chisel and Refused.<\/p>\n

\n\tUnder the new partnership, Raw Power\u2019s U.K. team, including Jennings and commercial director Don Jenkins<\/strong>, will relocate to ATC Management\u2019s London headquarters. Both companies\u2019 LA-based operations will also merge with immediate effect.<\/p>\n

\n
\n

\n

\t\t\t\t\tRelated\t\t<\/p>\n<\/h3><\/div>\n

\n

\t\t\t<\/p>\n

\n
\n
\n

\t\t\t\t\t\t\"Jared<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n\t\t\t\t\t<\/div>\n
\n

\n

\t\t\t\t\tHow Shaboozey Rode \u2018A Bar Song (Tipsy)\u2019 to A Historic Hot Country Songs No.\u00a01\t\t<\/p>\n<\/h3><\/div>\n

\t\t<\/a><\/p>\n<\/div><\/div>\n

\n\tRaw Power employs 14 staff across its U.K. and U.S. offices. The firm said there will be no job losses because of the deal.<\/p>\n

\n\tAccording to a regulatory financial filing, Raw Power generated \u00a32.3 million ($2.9 million) in revenue in the year ending Feb. 28 2023. Profit before tax was \u00a3326,000 ($412,000).<\/p>\n

\n\tAs part of the majority stake deal, ATC will loan Raw Power up to \u00a31.3 million ($1.6 million) in additional funds to pay off historic debts. Listed among those liabilities in Companies House records is a \u00a31.9 million ($2.4 million) loan from Phantom Music Management, the company of Iron Maiden\u2019s long-time manager (and Raw Power co-founder) Rod Smallwood<\/strong>.<\/p>\n

\n\tSince its formation in 2006, Raw Power has built itself into one of the leading rock artist management companies in Europe.<\/p>\n

\n\tBring Me The Horizon, who are managed by Jennings and the firm\u2019s U.S. president, Matt Ash<\/strong>, won best rock\/alternative act at this year\u2019s Brit Awards and have surpassed 1 billion Spotify streams and more than 5 million equivalent album sales worldwide.<\/p>\n

\n
\n

\n

\t\t\t\t\tRelated\t\t<\/p>\n<\/h3><\/div>\n

\n

\t\t\t<\/p>\n

\n
\n
\n

\t\t\t\t\t\t\"Early<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n\t\t\t\t\t<\/div>\n
\n

\n

\t\t\t\t\tEarly Hour Entertainment Launches With Jacob Collier, Yeti Beats on\u00a0Roster\t\t<\/p>\n<\/h3><\/div>\n

\t\t<\/a><\/p>\n<\/div><\/div>\n

\n\tThe British band\u2019s most recent album, 2020\u2019s Post Human: Survival Horror<\/em>, topped the charts in the U.K. and peaked at No. 3 on Billboard\u2019s Hard Rock albums chart. A sold-out U.K. and Ireland tour in January sold 140,000 tickets across 10 dates, says Raw Power.<\/p>\n

\n\tATC Management was founded in 1996, initially as a boutique ticketing and marketing business, before focusing on artist management. Part of the independently owned ATC Group, which also encompasses live booking agency ATC Live, merchandise company Sandbag and livestream business Driift, the management business represents more than 60 artists, including Nick Cave, The Smile, PJ Harvey, Yaeji, and Johnny Marr. ATC Live represents more than 500 acts, while Sandbag has relationships with 750 artists.<\/p>\n

\n\tIn 2021, ATC Group, which is headquartered in London and operates offices in Los Angeles and New York, listed on the U.K.\u2019s Aquis Stock Exchange.\u00a0<\/p>\n

\n\tCommenting on the deal, Raw Power\u2019s Jennings said the merger with ATC marked \u201ca new era\u201d for both companies and would turn them into a \u201cpowerhouse organization.\u201d<\/p>\n

\n\t\u201cBoth ATC and Raw Power value integrity, belief in the acts we look after, passion for the music and doing everything for the benefit of our artists,\u201d said Jennings in a statement. \u201cThis feels like a massive opportunity to take our artists to a whole new level.\u201d\u00a0\u00a0\u00a0\u00a0<\/p>\n

\n\t\u201cAt heart, our two companies have a common purpose \u2013 to support artists and empower them to achieve their creative and commercial goals,\u201d said Adam Driscoll<\/strong>, CEO, ATC Group. \u201cBy coming together and combining forces, the capacity to deliver on those goals has increased substantially.\u201d<\/p>\n<\/div>\n<\/div>\n

Aller \u00e0 la source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

LONDON \u2014 Two of the United Kingdom\u2019s leading music management companies have joined forces after ATC Management acquired a majority stake in Raw Power Management, whose clients include rock bands Bring Me The Horizon and Bullet For My Valentine. Financial terms reveal that ATC paid \u00a31.4 million ($1.8 million) for a 55% stake in Raw […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-83553","post","type-post","status-publish","format-standard","hentry","category-musique","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"_links":{"self":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/posts\/83553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/comments?post=83553"}],"version-history":[{"count":0,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/posts\/83553\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/media?parent=83553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/categories?post=83553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/tags?post=83553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}