May 30, 2012

Hammersmith Apollo sold by HMV

Local Entertainment hammersmith Apollo, which was awarded to The Beatles in the Queen, the owner of HMV sold a German-American.

HMV agreed to sell local art deco, which was opened as the Gaumont Palace Cinema in 1932, Stage C £ 32 million, for a turnaround.



Power of Local 9000 was acquired by HMV 2010 in He directed a number of legendary performances, including the final concert as Ziggy Stardust David bowie change, EGO in 1973.

It is the same as the site of the famous BBC-stand-up comedy series in Apollo:

HMV chief executive Simon Fox said: "The smith Apollo in London, a local landmark and has been a privilege for the last three years."

Phase C is jointly owned by the London O2 operator Ansco Music Club, a subsidiary of Anschütz Entertainment in the U.S. and a subsidiary of Munich cts Eventim.

The sale is subject to the approval of shareholders, regulatory approvals for the approvals and stage III. HMV said that when the transaction is closed, to see that £ 220 million of bank loans, issued in September 2014.

With 252 stores in the UK, HMV, said the sale allows you to concentrate on their core retail business, and receipts from the disposal will be used to reduce group debt.

The sale follows the decision to live HMV division, which operates in 13 locations and a number of festivals including Lovebox London and Stratford-on-Avon is a global collection of the review.

Although HMV feel the pressure from the consumer spending squeeze as people turn to cheaper Internet music and movies, who recently surprised the city is predicting a return to profit in 2013 despite the loss of some £ 19 million in the previous financial year.

Twitter Delicious Facebook Digg Stumbleupon Favorites More