Jeff Craft has retired from the UK agency he co-founded 12 years ago, he has confirmed to IQ, although he remains involved with X-ray in a limited capacity until spring
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X-ray has forged a strategic partnership with New York-based AGI, part of the Y Entertainment Group, which also includes fellow UK agency K2
By Jon Chapple on 04 Aug 2021
London-based X-ray Touring has extended its joint-venture partnership with private-equity firm the Yucaipa Companies, continuing a relationship that began in 2017, and formed a new strategic alliance with New York’s Artist Group International (AGI), part of Yucaipa’s Y Entertainment Group.
The partnership will see the two agencies will work together internationally, with X-ray remaining under the control and direction of founding partners Martin Horne, Ian Huffam, Steve Strange and Scott Thomas and newly added board member Josh Javor.
X-ray’s roster of more than 400 acts includes Coldplay, Eminem, Robbie Williams, Gorillaz, Queens of the Stone Age, Linkin Park, Pixies, Stereophonics, Bombay Bicycle Club, Enter Shikari and Fever 333, while AGI represents Billy Joel, Metallica, Rod Stewart, Neil Young, Linkin Park, Motley Crue, Def Leppard, the Strokes and Cage the Elephant, among others.
Yucaipa also has interests in two other London-based agencies, ITG and K2, Los Angeles-based APA, US promoter Danny Wimmer Presents and Spain’s Primavera Sound festival, as well as management company LBI Entertainment and sports agencies ISE and Steinberg Sports.
X-ray was also formerly allied with Paradigm Talent Agency (then Coda) in London, in which Yucaipa held a stake, though that relationship has now come to an end.
“The synergies between these companies creates even more opportunity for their clients”
“This had been a long time coming and I know all of X-ray is excited by this strategic partnership with AGI and Y Entertainment,” says Huffam. “There will be many changes over the next few years but our proven collective track records offer artists the best route forward to live success.”
“I have long admired what the X-ray team led by Ian, Steve, Scott and Martin have built,” says AGI’s Dennis Arfa. “We have wanted to work with X-ray for many years and are thrilled to finally have the opportunity to do so.”
AGI president Marsha Vlasic adds: “I am thrilled and excited to be joining forces with X-ray, a company that I have long admired and respected. I feel extremely positive about all of us being able to do great things together. During a time like this, which has been so difficult for all us, having this come together has been such a breath of fresh air and energy.”
“I am personally excited and delighted by our renewed joint venture partnership with my good friend Ron Burkle and the Yucaipa group,” says X-ray’s Strange. “I am also looking forward to our new strategic partnership with AGI in the US. I have known Dennis and Marsha and others at AGI for many years and I truly believe that our alliance will work fantastically well. We already feel that the chemistry between both companies can only strengthen our global impact.”
“AGI and X-ray’s leadership and innovation in the industry is unparallelled,” comments Yucaipa founder Ron Burkle. “The synergies between these companies creates even more opportunity for their clients. This is a perfect match both culturally and strategically and I look forward watching their collaboration as they continue to grow globally.“
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