Global Acquires Several Festivals / Edition Capital Announces New Media & Entertainment Fund
In mid 2015 Global dived headfirst into the festival business by acquiring a stake in Broadwick Live- the folks behind Snowbombing and Festival No. 6. Last week Global announced that they have also acquired six more festivals, 4 from Impresario and 2 from Count of Ten and a larger stake in Broadwick Live. Edition Capital who were the investment fund behind Impresario doubled their money with the Global sale and have since announced the launch of “The First Edition EIS (Enterprise Investment Scheme) fund, which they initially hope will raise £20 million, to draw on the company’s festival expertise to provide funding for businesses operating in live entertainment (including venues), TV and immersive media (such as immersive theatre and experiences).” You can read more about the Global acquisition here. And the new Edition Capital fund here.