ATC Group's sales surge amid booming live music demand

In the UK, All Things Considered (ATC) Group, a London-based music management company, reported a significant increase in sales due to heightened demand for live music events. The firm, which manages well-known artists like Nick Cave, PJ Harvey, and Faithless, has also expanded its roster by signing new talent over the past year. The company's revenues for 2024 are projected to double to £50 million, up from £24 million in the previous year, showcasing a robust recovery in the live music sector following disruptions from the pandemic. ATC's success stems partly from its management of various artists on live tours, including artists such as Jungle, Fontaines D.C., and The Lumineers. This demand coincides with a broader trend where musicians are gaining more control over their rights and art. The management firm noted that the strong touring activity observed in recent months has contributed significantly to their growth. In addition, ATC is optimistic about a healthy pipeline of events and festivals scheduled for 2025, which is expected to further enhance trading. The company, which maintains a dual presence with offices in Los Angeles and New York, is also contemplating moving from the Aquis Stock Exchange to the London Stock Exchange as part of its plans for growth. This potential switch is influenced by requests from shareholders aiming to improve liquidity. ATC’s adjusted operating earnings are set to reach £1.5 million, a remarkable turnaround from a £500,000 loss the prior year, highlighting the resilience and adaptability of the company in a challenging industry landscape. This remarkable growth not only underscores the increasing popularity of live music but also signifies a shift in the industry dynamics, as more artists prefer to manage their careers independently. The ATC Group's strategic moves and commitment to nurturing new talent are likely to solidify its position in the competitive music management market in the forthcoming years.