Second scheme to purchase music venues launches
Music Venue Trust is following in the footsteps of Marc Geiger's SaveLive by devising an ambitious initiative to buy grassroots music venues
News By IQ | 23 May 2022
A second scheme to purchase music venues in order to secure their long-term futures has launched – this time, in the UK.
Music Venue Trust (MVT), the UK charity that represents hundreds of grassroots music venues, today (23 May) announced an ambitious initiative to buy the freehold of grassroots music venue (GMV) properties.
A similar enterprise was launched in the US in 2020 by former WME music execs Marc Geiger and John Fogelman. Under the banner SaveLive, the pair amassed a multi-million-dollar war chest to “bailout” struggling US music venues.
MVT, on the other hand, has launched a Charitable Community Benefit Society (CCBS) named Music Venue Properties (MVP) in order to buy venues in the UK.
Unlike a charity, a CCBS can raise money through community shares purchased…
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