AEG Live
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| Headquarters |
L.A. Live Los Angeles, United States |
|---|---|
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Area served
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Worldwide |
| Parent | The Anschutz Corporation |
| Website | aegworldwide.com |
The Anschutz Entertainment Group (AEG) is an American worldwide sporting and music entertainment presenter and a subsidiary of The Anschutz Corporation. It is the world's largest owner of sports teams and sports events. Under the AEG Live brand, it is the world's second largest presenter of live music and entertainment events after Live Nation. AEG Live was started in 2002.
AEG owns and operates a variety of venues, sport teams and entertainment concerns. For venues, AEG owns and operates the Staples Center and the StubHub Center, and manages the XL Center and Rentschler Field. In England, it owns the Manchester Arena, and currently operates The O2 which includes a 20,000 capacity arena. In Turkey, AEG operates 13,800 capacity Ulker Sports Arena and Galatasaray S.K.'s new home ground 52,695 capacity Turk Telekom Arena. As part of the development of the O2, Anschutz also purchased the London river service company Thames Clipper, and supported the development of the nearby David Beckham Academy (which also has a branch at the Home Depot Center). The company has its headquarters in Downtown Los Angeles.
For sports teams, the company owns the Los Angeles Galaxy, 50% of the Los Angeles Kings, Ontario Reign, Eisbären Berlin with Berlin Mercedes-Benz Arena, 45% of Hammarby IF, as well as interests in the Los Angeles Lakers, and the Los Angeles Sparks. AEG also owned Hamburg Freezers before ceasing its existence in 2016. The company also purchased the Champions on Ice figure skating tour in 2006, and own 12% of Djurgårdens IF Hockey. 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 including ConcertsWest and Goldenvoice, which had been founded by Gary Tovar and promotes the annual Coachella Valley Music and Arts Festival, 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.
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