Music Industry News Network [02-22-2005]
AIM Finance Fair For UK Music Businesses
AIM's Finance Fair for the Music Industry will, for the very first time, bring together financial muscle with creative excellence under the highly successful banner Big Wednesday, AIM's long running and highly targeted series of workshops, seminars and networking events.
The event will enable companies the opportunity to meet 'first hand' with a variety of investors, and also gain invaluable advice from the experts on all areas of money and tax management.
Its timing follows the recent raising of substantial funds for music acquisitions, and is the latest of a variety of initiatives in recent years looking at access to finance and business practice. These include DCMS' Banking on a Hit report*(Oct '01), Music Publishers' Association's Access To Finance conference (Feb '02) and most recently Creative London's 'Creative Conversations' event (7th Feb '05).
The format for the day involves two conference rooms each with its own timetable of presentations and workshops, and a third for 1:1 finance meetings.
The Basic to Intermediate Room will host sessions for companies in their first few years of trading, who are considering accessing finance for the first time, and want an overview of the funding and financial management support available.
The Advanced Room will host sessions for established companies who wish to further grow their businesses, and are considering second stage funding and beyond.
In the 1:1 Meeting Room music companies will be able to pre-arrange meetings with banks, accountants, tax and royalty specialists, public bodies and half a dozen angel investors / venture capitalists actively scouting for investments. Contact details of companies available for meetings will be circulated to participants on booking.
The event takes place 2-6pm 9th March, The Palms Room, 4th Floor, University of London Union (ULU), Malet Street, London WC1, followed by drinks in the bar.
It is open to any UK music business (covering recording, publishing, management and beyond) wishing to further their understanding, knowledge and contacts in the finance industry and to explore potential partnerships. It is also open to any financial institution or individual with an interest in investing into the UK's highly successful music business.
Said AIM Chairman and Chief Executive Alison Wenham, "Against a backdrop of culture gaps between the music business and the city, complexity in music contracts and difficulties in valuing intangibles, this event will help foster valuable relationships between UK music companies and the financiers.
"With UK record sales rising for the second year running, the live industry flourishing and some very substantial funds being raised for music acquisitions, its timing is particularly auspicious."
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