Concert promoter expects earnings to reach €9.4m

Concert promoter Denis Desmond said yesterday that he expects earnings from the UK music venue business he co-owns to top £8 million (€9.4m) this year.

The MD of MCD was yesterday commenting on accounts just filed by the Academy Music Group to Companies House in the UK that recorded earnings before interest, tax, depreciation, amortisation (EBITDA) of £6.8m last year.

Mr Desmond and Live Nation jointly hold a 56% share in the business that operates from 19 venues across the UK, including the O2 Brixton Academy.