Hammersmith Apollo sold by HMV for £32m to American-German group Stage C

17:11 01 June 2012

London’s famous Hammersmith Apollo entertainment venue has been sold for £32m by music retailer HMV.

The venue, where bands such as The Beatles and Queen have played, has been acquired by an American-German joint venture.

HMV has agreed to sell the art deco venue, which opened in 1932 as the Gaumont Palace cinema, to Stage C two years after taking over the 9,000-capacity arena.

It has played host to a number of noteworthy performances, including David Bowie’s last concert as alter-ego Ziggy Stardust in 1973.

It is also the eponymous venue in the BBC stand-up comedy series Live at the Apollo.

HMV chief executive Simon Fox said: “The Hammersmith Apollo is an iconic London venue and it has been a privilege to own it over the last three years.”

HMV said the sale allows it to focus on its core retail business, while the proceeds from the disposal will be used to reduce the group’s outstanding debt.

Sign up for our news alerts today!

Our editors' picks for the day's top news delivered to your inbox or phone.

Sign up for email alerts Sign up for mobile alerts
1
2 3 4 5 6
7

Latest business news

Friday, March 27, 2015
Kboard

Thought phone buttons were hard work? Now people who can’t be bothered to use a touchscreen either can streamline their conversations with a new app.

Sunday, March 22, 2015
Fabric club in Charterhouse Street

Police issue warning about bad batch of MDMA at Farringdon club threatened with closure last year.

Thursday, March 19, 2015
Tunnelling breakthrough at Liverpool Street 'station box'

Tunnelling work in London’s long-awaited Crossrail ‘super tube’ construction is now more than nine-tenths complete.

Monday, March 16, 2015
Fire damage at what is thought to be Loungelover in Shoreditch - London Fire Brigade

Candles left lit inside a doll’s house have been blamed for a fire that caused damage to the ground floor and roof of a Shoreditch nightclub on Friday morning.

Wednesday, March 11, 2015
Broadband speeds in some parts of London are shocking (Photo by Michael Bocchieri/Getty Images)

Say goodbye to streaming Netflix, downloading music or a spot of online gaming if you live on this street in Brixton - which has officially the slowest broadband in central London.

Friday, March 6, 2015
The creators say phones offer 'amazingly more intimate experiences' and want to get users away from their computers (Picture: Spark/Dan Ross)

A new dating app to rival Tinder allows passengers on the Tube who share that brief moment to act on that spark and find love on the Underground.

But what do other parties do with their 404 pages? This you’ll want to see.

The Labour leader could soon be in a town near you.

The fire was apparently started by a gas explosion and left 19 people injured, four critically. Two people remain unaccounted for.

London Bloggers

Tuesday, February 3, 2015
[Photograph by John Phillips/PA Wire]

Often referred to as a melting pot, London is a city renowned for its rich blend of cultures.

Monday, December 22, 2014
Around 25 per cent of the population self-identity as having no religion yet still enjoy the fun of Christmas (Photo by Oli Scarff/Getty Images)

It’s Christmas time. We know this by the light-adorned streets, the mobility hazard posed by boxes of Quality Street, Roses and Celebrations in every supermarket’s entrance and, of course, the incessant radio-plays of Mariah Carey’s All I Want for Christmas Is You.