7th Apr 2025 12:13
(Alliance News) - All Things Considered PLC on Monday said it has acquired a 75% stake in Easy Life Entertainment Ltd, as the music company strengthens its position in artist representation and music rights.
The London-based independent music business company that operates internationally acquired the music management and record label company Easy Life Entertainment for GBP75,000 in cash, after netting off a post-completion dividend that was due to ATC of approximately GBP28,000.
ATC said its acquisition of Easy Life Entertainment will provide additional scale and manager talent in a core artist representation.
This acquisition will allow the group to acquire more intellectual property rights, drive its music rights ownership with the record label, and bring over 300 masters to the company.
ATC added that Easy Life Entertainment had an annual revenue of circa GBP510,000 and its earnings before interest, tax, depreciation and amortisation was around GBP24,000 for its financial year ending in March, 2024. This is mainly generated from its music rights royalties.
In relation to this, ATC's own revenue for financial 2024 was circa GBP50 million and its EBITDA is expected to be GBP1.5 million. This performance was fuelled by both strategic acquisitions that have significantly improved the group's value proposition and ongoing organic development brought about by the integration of additional managers, agents, and artist clients.
According to the ATC the acquisition will extend music promotion portfolio, introduce new revenue streams and increase its ability to provide end-to-end support for artists.
Chief executive officer of ATC Adam Driscoll said: "The acquisition adds a meaningful revenue stream to the business through predictable, recurring music royalty income. In addition, by expanding our service offering, we have strengthened our ability to support artists at every stage of their careers, further solidifying our position as a fully integrated music company."
ATC shares were untraded on Monday and were last traded at 107.50 pence in London on March 31.
By Olivia Mason-Myhill, Alliance News reporter
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