Leading Event & Festival Operator Vision Nine Secures £5 Million Investment for Growth and Expansion
Leading Event & Festival Operator Vision Nine Secures £5 Million Investment for Growth and Expansion
LONDON, March 31, 2015 /PRNewswire/ --
Vision Nine, one of the UK's leading event and festival operators, announced today
that it has secured GBP5 million in new financing to accelerate the company's development
of new entertainment IP within lifestyle sports, arts and music markets.
The company will use the funding to create brand new festivals, tours and shows. The
funding initiative, led by Ingenious, will also be used to expand the company's growing
events portfolio and to accelerate the expansion of owned IP events internationally.
Ingenious has been appointed as Vision Nine's adviser - providing strategic input to help
deliver the company's future growth.
Former MAMA Group founders Adam Driscoll and Philip Murphy will lead the expansion
alongside Vision Nine founders and directors Julian and Andrew Topham. Paul Bedford, from
Ingenious, has joined the board as Group Finance Director. These five Vision Nine Group
directors have extensive experience in the creation, development and operation of live
events and festivals and turning them into globally recognised entertainment brands.
Collectively they have worked on brands including Boardmasters, The Great Escape, Lovebox,
Global Gathering, Creamfields, Rewind, SW4 and Love Supreme.
Vision Nine is based at the heart of one of the UK's most exciting growth sectors -
live entertainment. The funding, which comes via the government-backed Enterprise
Investment Scheme (EIS), will help the company continue its development as a leading
independent, multi-faceted festival and events company. The company aims to capitalise on
the growing demand for lifestyle focused live events that deliver experiences built around
audience passions.
Vision Nine has had strong success in marrying lifestyle passions with live event
experiences. The company founded and operates Boardmasters, the world's only surf, skate
and music festival. It also owns action sport and music festivalNASS together with snow
sport and music event The Freeze Festival. Vision Nine also promotes theatrical
productions and touring shows and, in association with BBC Worldwide, is staging the first
ever UK shows of the Doctor Who Symphonic Spectacular in arenas across the country.
The company also manages and delivers events on behalf of world-renowned brands
including Coca Cola, Microsoft, Vans, EE and Adidas.
Co-CEOs Julian Topham and Adam Driscoll will focus on the development and financing of
new entertainment properties, whilst joint Managing Directors Andrew Topham and Phil
Murphy will focus on the management of Vision Nine's business and the promotion of its
existing live events and festivals.
Adam Driscoll, Co-CEO at Vision Nine commented:
"The live entertainment sector is in an exciting phase of development. The boom in
live music has led to audiences seeking ever more engagement with live experiences. This
new funding will allow us to take our IP into international markets, as well as helping us
to capitalize on the many opportunities that are available to us. We are aiming to deliver
substantial growth in the next few years."
Julian Topham, Co-CEO of Vision Nine added:
"Creativity is key in today's live entertainment sector and Vision Nine has proven
adept at curating events that connect with an audience's passions. Alongside our existing
events we are developing new entertainment brands with significant opportunity for growth.
We are aiming to launch two new ventures shortly that we believe will be groundbreaking
formats."
Paul Bedford, Senior Investment Director at Ingenious, said:
"At Ingenious, our Live Events team has invested over GBP100 million into the live
sector on behalf of our clients. Vision Nine represents a very exciting opportunity for
investors - a great brand and an impressive team with massive potential. We are delighted
to add our proven experience of structuring, promoting and managing investment
opportunities across the entertainment industry."
Vision Nine
CONTACT: CONTACT: For enquiries about Vision Nine, please contact: Margaret Murray at Frequency Media, Email: margaret@fmguk.com, Telephone: +44(0)121-262-3890
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