Anschutz Entertainment Group

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The Anschutz Entertainment Group (AEG) is a sporting and music entertainment presenter and a subsidiary of The Anschutz Corporation. The company owns or operates several major entertainment/sporting venues, including Staples Center and The Home Depot Center and beginning in fall 2007, the Hartford Civic Center. In England they used to own the Manchester Evening News Arena which was sold in 06, and are currently developing the multi-purpose The O2 which opens in July 07 with a 20,000 capacity Arena and an Entertainment District with 25 bars and restaurants, a live music club for 2200 called Indigo, an 11 screen cinema and an exhibition space which will house the King Tut exhibition opening in November 2007.

As part of the development of The O2, Anschutz also purchased the London river service company Thames Clipper, to provide transport links using the river service to and from Central London and the Dome.

The company also owns a number of sports teams, including Los Angeles Galaxy, Chicago Fire, Houston Dynamo, Los Angeles Kings, Los Angeles Riptide, Manchester Monarchs, five European Hockey franchises, 49% of Hammarby football (soccer) team (Sweden), as well as interests in the Los Angeles Lakers and Los Angeles Sparks. The company also purchased the Champions on Ice figure skating tour in 2006.

The company makes a significant amount of its money by leveraging its sports interests, already significant earners, by using the stadia in which these teams play to host various other entertainment events, most notably concerts. Indeed, Philip Anschutz created the company by buying up several small local promoters in Los Angeles in order to fill up the schedule for his new sports venue, STAPLES Center. It is now the second-largest event promoter in the United States.

AEG is the world’s largest owner of sports teams and sports events, the owner of the world’s most profitable sports and entertainment venues, and the world’s second largest presenter of live music and entertainment events after Live Nation.

  • Christopher Palmeri, "Media Wildcatter," Business Week, April 25, 2005, p. 101.

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