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SPENCER-SMITH LANDS WITH AG MANAGEMENT, WCM (UPDATE)
New manager, pub deal (6/28a)
BIZ RESPONDS TO ROE V. WADE DECISION (UPDATE)
Artists and companies unite. (6/27a)
PERFORMERS SPEAK OUT AT GLASTO
Singers voice their dismay over the Supreme Court's latest decision. (6/28a)
BST HYDE PARK: BIGGER THAN EVER
England swings. (6/28a)
BIG RED'S BIG POP RUN (UPDATE)
Nine in the Top 40 (6/27a)
SUPERSTAR RELEASES
Who's next?
MUSIC BIZ SPECIAL
It's Comic-Con for numbers geeks.
THE BIG CHEESE
Theories of evolution from 30,000 feet.
THE NEXT GIANT DEAL
A&R in overdrive.
Blighty Beat
MVT CREATES A CHARITABLE PATH
TO VENUE OWNERSHIP
5/23/22

Got some spare quid you’d like to use on a hall or club that presents concerts? Music Venue Trust has got an opportunity for you.

MVT has an ambitious new plan, Music Venue Properties, a Charitable Community Benefit Society that will purchase the freehold of grassroots music venues. 

Unlike a charity, a CCBS can raise money via Community Shares. Investors provide funds to allow MVP to buy freeholds, then receive a 3% APR return on their investment.

MVP has identified nine venues for the pilot project that will allow it to establish proof of concept. Six venues are in England, one in Scotland and two are in Wales. With an initial target of £3.5m to purchase these venues, the first Community Share Offer has opened today. The plan is to purchase these venues before the end of 2022.

“This is the most ambitious initiative Music Venue Trust has ever undertaken,” MVT CEO Mark Dayvd said. The long-term security and prosperity of grassroots music venues depends almost entirely on one thing—ownership. Too many have been at the mercy of some commercial landlords whose motivations revolve primarily around profit.

“The Music Venue Properties scheme will allow ethical investors and music fans to invest in the future of live music while receiving a healthy return on their money.”

…Read more