LONDON (CelebrityAccess) — Sixth Media, an entertainment venture primarily focused on Live Music launched earlier this year my MAMA Group co-founder Dean James, has acquired a stake in London venue operator Big New Year LLP.
The deal will see Mr. James join Big New Year's board and the company will use Sixth Media's investment to develop new venues and technology related to live music. Financial terms of the agreement were not disclosed.
Big New Year operates the 6,000-suqare foot Oval Space, which has seen recent performances from artists such as Radiohead’s Thom Yorke, Lorde and techno legend Jeff Mills. The company also launched their second venue, 200-capacity Pickle Factory earlier this year.
“As one of the most exciting, creatively led, independent venue businesses out there right now, Sixth Media is delighted to be acquiring a stake in Big New Year,” said Sixth Media CEO Dean James. “We have been following them closely for a while; at a time when many venues are closing and the venue industry is in upheaval, they have clearly cemented their position as one of the forerunners of the UK music scene. I am confident that their ambitious and uncompromising vision for the future is synergistic with Sixth Media’s and we very much look forward to being involved in the company’s growth.”