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Ashley Tabor's broadcast/music group has increased its stake in Broadwick Live and made several acquisitions as it seeks to aggressively grow its UK festival portfolio
By Jon Chapple on 05 Oct 2016
Global has expanded its UK festival footprint to a total of 11 events with the acquisition of South West Four, Field Day, Boardmasters, Rewind, Y Not and Truck festivals, and purchased a further stake in Snowbombing/Festival №6 promoter Broadwick Live.
With Broadwick Live, Global – comprising Global Radio (Heart, Capital, Smooth, Classic FM), Global Television (Capital TV, Heart TV) and Global Entertainment, which includes music publishing, management and live and touring divisions – already promotes, in addition to Austrian music and ski festival Snowbombing and Welsh boutique event Festival №6, Standon Calling, Glass Butter Beach and Lost Village, as well Croatian electronic festival Electric Elephant.
The company declined to provide details on its new holding in Broadwick Live, although the original deal, announced last July, was described as involving a “significant strategic stake”.
“Working with Global … we have a strong partner that offers us unbelievable support and shares our goal to build an international festival business”
Global says a focus for the it and Broadwick Live (which have a “stronger partnership” following today’s deal) will be to export their festivals, in partnership with big-name international brands, to new markets, following the template of Snowbombing, which will hold its first Canadian edition, sponsored by Coors, next year.
Sam Bush, director of Global’s live and touring division, says: “We took a stake in Broadwick Live just over a year ago. We’ve had an incredible first year working together, working hard to bring in some of Europe’s leading music festivals, as well as some of the most innovative and well-loved up-and-coming festivals. We have a shared ambition to grow the portfolio, and we look forward to doing this with Gareth and the team at Broadwick Live, as well as the founders and managers of the festivals we have acquired.”
Gareth Cooper, CEO of Broadwick Live, adds: “These are exciting times. Working with Global has helped us to realise our ambitions and then some. We have a strong partner that offers us unbelievable support and shares our goal to build an international festivals business, starting with our first venture in North America [Snowbombing Canada] next year. What we have announced today is just the beginning.”
Global launched Global Entertainment, headed up initially by former AEG CEO Randy Phillips, in February 2015.
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