ATC’s Financial Growth Overview
The London Group, which includes all thought out things (ATC), has announced plans to consider listing on the London Stock Exchange after achieving over double the income in 2024.
In a statement made on Monday (February 10), the independent music company reported an anticipated income of approximately GBP 50 million pounds (63.9 million US dollars at the average exchange rate for 2024).
This represents a 107% year increase from 24.1 million pounds reported by ATC in 2023.
The company’s productivity is attributed to the “continuation of organic growth with the successful integration of new managers, agents, and artist clients, along with contributions from strategic acquisitions that have significantly enhanced the group’s value proposition.”
Recent Strategic Acquisitions
These strategic acquisitions have resulted in ATC’s multimillion-dollar investments in mergers and acquisitions over the past three years, including:
- A 50% share in McKeown Events (now known as Joy Entertainment) through a GBP £ 475K transaction in 2024;
- A 55% share in Unprocessed Power Management through a 1.41 million pounds transaction in 2024, which led to ATC representing artists such as Bring Me The Horizon, Bullet For My Valentine, Mars Volta, Cursed, You Me At Six, and Don Broco;
- A 60% share in Sandbag, a key contributor to a 156% surge in revenue for ATC this year. According to company documents, ATC’s controlling share in Sandbag was acquired in 2023 for an initial amount of 2.42 million pounds.
Meanwhile, last year ATC entered into a “cooperation agreement” with Chinese music company Modern Sky and launched a transatlantic music promotion Near Field.
In its latest update, ATC investors also announced plans for a full purchase of the live-air platform Driift for a yet-to-be-disclosed amount.
Currently, ATC holds a 32.5% share in Driift and claims to have reached agreements with the remaining shareholders to acquire 100% of Drift Holdings.
ATC reported seeing strong growth across all three divisions in 2024 – artist representation, services, and live events – though specific income figures for individual sectors were not disclosed.
Founded two decades ago by Craig Newman and Brian Message, who currently serve as co-chairs, ATC has focused on an acquisition strategy that has allowed it to expand into various services within the evolving digital music landscape. Today, ATC encompasses the ATC Live reservation agency, ATC Experience, and live services through Driift.
“This has been a year of significant advancement for the group, aligning with our vision of establishing a music business providing a full spectrum of services that support artists throughout the entire music industry’s value chain.”
Adam Driscall, ATC Group
The company now boasts approximately 860 clients following 1080 business contracts.
According to their website, the ATC Management roster includes notable artists such as Daniel Avery, Infidels, Johnny Marr, Kit Henson, Nick Cave, PJ Harvey, Sleaford Mods, and Yaeji.
In addition to their London headquarters, ATC also operates offices in Los Angeles, New York, and Europe.
“In light of the group’s growth and expanding capabilities, as well as in response to current and potential shareholder requests to improve share liquidity, the ATC Board is exploring the possibility of moving public quotations for trading on the London Stock Exchange to support this,” the company stated in its investor update this week.
“This consideration is at an early stage, and further updates will be provided as necessary.”
ATC Group PLC is currently listed for subscription-based exchange Aqui, where it raised 4.1 million pounds in its IPO in 2021.
“This has been a year of substantial growth for the group, aligning with our mission to build a music business that offers a comprehensive range of services that support artists throughout the music industry’s value chain,” said Adam Driscall, the CEO of ATC.
“We enter the new year with the building blocks and scale to capitalize on emerging market opportunities.
“Given our strong financial position, increasing profitability, and robust pipeline of visible activities, the board is confident in our ability to maintain consistent growth in the upcoming year.”
