Live-streaming music firm ATC Group hoping for a £14.66m valuation because it plots London market debut
A music firm that has produced live-stream live shows for Kylie is to record in London.
Shares in ATC Group will begin buying and selling on December 21 and it hopes to lift £4.15million, giving it a valuation of £14.66million.
As properly as Kylie, the firm has additionally produced live-stream live shows for Niall Horan and Andrea Bocelli, and represents many stars.
ATC Group has produced live-stream live shows for Kylie (pictured) in addition to Niall Horan and Andrea Bocelli, and represents many stars
Adam Driscoll, chief government, stated: ‘We have built a strong position, representing artists such as Nick Cave and the Bad Seeds, The Smile, PJ Harvey, Faithless and Johnny Marr as well as organising the live performances of over 400 artists.
‘Our live-streaming business, Driift, was established in response to the Covid pandemic and has since developed a reputation as one of the leading providers of premium content in the livestreaming market.’
Music streaming has develop into large enterprise because the pandemic pressured individuals to remain at dwelling for weeks at a time.
It accounted for greater than 80 per cent of music consumption within the UK final 12 months, when individuals listened to 139billion streams, up from 114billion in 2019