Ambassador Theatre Group buys Live Nation's UK Theatres

Ambassador Theatre Group (ATG) confirms it has bought Live Nation's UK Theatres (excluding Live Nation's one third share of The Dominion Theatre) for £90 million.

Co-founded by Howard Panter and Rosemary Squire in 1992, ATG, with the acquisition of Live Nation Theatres, will have a total of 39 venues. When the new theatre in Aylesbury opens, this total will stand at 40.

Former BBC Director General Greg Dyke will be joining the company in the new role of Executive Chairman. Sir Eddie Kulukundis OBE will remain as Life President.

Howard Panter, ATG's Joint CEO and Creative Director said: "Live Nation Theatres is a very successful company, with first class staff and significant customer loyalty. It is also blessed with some of the world's best producers and productions. Our aim is to help maintain the shows and theatres as vibrant successes. It will be a privilege to operate this additional group of historic venues."