All Things Considered Group (ATC) is considering a switch to the London Stock Exchange after seeing revenue double in 2024.
ATC, which works with acts such as Nick Cave, PJ Harvey and The Lumineers, said it generated revenue of around £50m last year compared to £24.1m in 2023. Adjusted operating EBITDA is anticipated to be approximately £1.5m, compared to a £460,000 loss in 2023.
The group said its performance was driven by continued organic growth from the successful integration of new managers, agents and artist clients. It was also aided by contributions from strategic acquisitions which have materially enhanced the group’s value proposition.
ATC acquired 50% of McKeown Asset Management (now called Joy Entertainment Group) in February and 55% of Raw Power Management in May. Joy Entertainment extended the group’s revenue streams into festival management, live music promotion and venue assets, while Raw Power further increased the number of artists in the Group’s management orbit, including Bring Me the Horizon, headliners at Reading/Leeds festival in 2025, building upon a recent sold-out stadium show in Sao Paulo.
Full-service music business
ATC now has 12 operating businesses in three core segments – artist representation, services, and live events and experiences. Within services, ATC has agreed a deal to acquire all outstanding shares in Driift, a provider of end-to-end livestreaming capability.
ATC said that in light of growth, increasing opportunities available, and shareholder communication, it is considering moving to the London Stock Exchange. Currently listed on the Aquis Stock Exchange, London’s challenger stock market, it added that “consideration is at an early stage.”
Adam Driscoll, chief executive of ATC, said: “This has been a year of material advancement for the Group, in line with our vision of building a full-service music business that delivers for artists across the music industry value chain.
“Our strategy of building an integrated offering to artists is working, with a value proposition tailored to the unique needs of creators’ businesses and which facilitates direct engagement between artists and fans.
“We have entered the new year with the building blocks in place and the scale to capitalise on a growing market opportunity. With a robust financial position, growing profitability and strong pipeline of visible activity, the Board is confident of delivering continued growth in the year ahead.”
Earlier this year, ATC Group raised £2.3m ($2.9m/€2.6m) through a subscription on company shares. The proceeds will primarily be used to fund the development of opportunities for the London-based group’s artist representation and direct-to-consumer divisions.
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