Daily Edit | May 17

Alan Braufman, the newly-passed TICKET Act, grants for small music venues, and ATC's new majority stake in Raw Power Management

Alan Braufman
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5 / 17 / 2024

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ATC has acquired a 55% stake in Raw Power in a deal worth approximately $1.8 million. Raw Power is home to acts including Bring Me The Horizon, Boston Manor, and the Mars Volta. 

The US House of Representatives has passed a bill requiring ticket sellers for major music and sporting events to display all-in pricing and prohibit speculative ticketing. Dubbed the Transparency in Charges for Key Events Ticketing (TICKET) Act, passed by a vote of 388-24. 

Live Music Society, a US-based nonprofit foundation, has announced its latest round of grants supporting small venues. The 2024 ‘Music in Action’ grant program, which is exclusive to venues with a capacity of under 300, will see $710k divided among 24 venues across the United States.

A new report on nightlife shows that the UK is losing an average of  five clubs per week. The first three months of 2024 alone saw the closure of 67 clubs.

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