Who Owns AEG?
AEG is the brand of Anschutz Entertainment Group, a privately held sports and live entertainment company headquartered in Los Angeles and wholly owned by The Anschutz Corporation. The group is the world's largest owner of sports teams and events and the second-largest live music promoter after Live Nation, with holdings including Crypto.com Arena, The O2 in London, Goldenvoice and Coachella, AXS ticketing, the LA Kings, and the LA Galaxy.
Parent Company
Founded
1994
Status
Private
Headquarters
GlobalOfficial Website
Who Owns AEG?
- Parent Company: Anschutz Entertainment Group, Inc.
- Ownership Type: Wholly owned
- Company Type: Privately Held
| Brand | Parent Company | Ownership Type |
|---|---|---|
| AEG | Anschutz Entertainment Group, Inc. | Wholly owned |
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History of AEG
- Founded: 1994
- Founders: Philip Anschutz
Philip Anschutz moved into sports and entertainment in the mid-1990s, assembling the group formally in 1994. The catalyzing project was the arena now known as Crypto.com Arena: Anschutz bought the NHL's Los Angeles Kings in 1995, then built the downtown Los Angeles arena that opened in 1999 as Staples Center, anchoring the L.A. LIVE entertainment district.
To fill the venue's calendar, Anschutz began buying concert promoters. In 2002 the group consolidated those businesses into AEG Live, now AEG Presents. An earlier purchase, the Los Angeles promoter Goldenvoice founded by Gary Tovar, came with an upstart desert festival called Coachella, first held in 1999. AEG kept Goldenvoice and let Coachella grow into one of the most valuable music festivals in the world.
The international push produced landmark venues. AEG developed and operates The O2 in London, which opened in 2007 on the site of the Millennium Dome, as well as the Mercedes-Benz Arena in Shanghai and the Uber Arena in Berlin. It built T-Mobile Arena in Las Vegas with MGM Resorts and operates it.
The group kept consolidating the value chain. It co-founded the AXS ticketing platform with Outbox in 2011 and bought Outbox's stake in 2019 to become sole owner. In sports it added the LA Galaxy in MLS, minor league and European teams, and stakes in clubs including Hammarby IF in Sweden and Djurgårdens IF.
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Recent years brought pruning. AEG sold its minority stakes in the Los Angeles Lakers and Los Angeles Sparks in 2021, and in 2024 sold ASM Global, the venue management company it had built into a giant, to Legends Hospitality. In 2025 AEG Presents acquired Nashville promoter Gary Musick Productions and launched the College Basketball Crown tournament with FOX Sports.
About Anschutz Entertainment Group, Inc.
Who owns AEG?
AEG is wholly owned by The Anschutz Corporation, the private holding company controlled by Philip Anschutz in Denver. There are no public shareholders.
Is AEG publicly traded?
No. AEG is private and does not disclose financial results. Revenue figures in the press are estimates, generally in the range of $1.9 billion to $3 billion.
What does AEG stand for?
AEG stands for Anschutz Entertainment Group. The company also uses the trade name AEG Worldwide.
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How big is AEG?
AEG reports hosting more than 100 million guests a year at more than 13,000 events across five continents, in more than 100 owned or operated venues. It employs roughly 4,500 full-time staff plus far larger numbers of event workers.
What teams does AEG own?
AEG owns the Los Angeles Kings (NHL), LA Galaxy (MLS), Ontario Reign (AHL), and Eisbären Berlin (DEL), and holds minority stakes in Hammarby IF and Djurgårdens IF. It sold its stakes in the Lakers and Sparks in 2021.
Does AEG own Coachella?
Yes. Coachella is produced by Goldenvoice, the promoter AEG has owned since the early 2000s. Goldenvoice also produces Stagecoach and other festivals.
- Founded: 1994
- Headquarters: Los Angeles, California, USA
- Company Type: Privately Held
- Revenue: Estimated roughly $1.9 billion to $3 billion (private; not disclosed)
- Employees: Approximately 4,500
Where Is AEG Made / Based?
- Headquarters: Los Angeles, California, USA
AEG Categories & Tags
AEG Sustainability & Ethics
AEG publishes a corporate sustainability program branded AEG 1EARTH, which covers energy, water, waste, and community goals across its venues. The O2 in London has pursued carbon reduction programs, and several AEG venues have achieved industry green certifications for arena operations.
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The group's larger social exposure is labor. Concert and venue workers have organized at several AEG properties, and festival operations face recurring scrutiny over worker conditions and local environmental impact.
Awards & Recognition
AEG venues and festivals collect steady third-party recognition. The O2 is frequently the world's top-grossing arena in Billboard and Pollstar rankings, Coachella is consistently rated among the most influential music festivals, and Crypto.com Arena ranks among the busiest arenas globally. AEG executives regularly appear on Billboard's Power 100 list of music industry leaders.
AEG Recalls & Controversies
AEG's most serious legal entanglement was the wrongful death suit filed by Michael Jackson's mother after his 2009 death. AEG Live had promoted Jackson's planned This Is It residency at The O2 and was accused of negligently hiring Dr. Conrad Murray. A Los Angeles jury cleared AEG of liability in 2013.
The company has faced antitrust scrutiny as part of the broader consolidation in live entertainment, though Live Nation has absorbed most regulatory attention. AXS competes in a ticketing market that U.S. regulators have investigated for years. AEG has also navigated routine disputes over festival permitting, noise, and development at L.A. LIVE and other districts.
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AEG Ownership: Pros & Cons
Advantages
- +Full vertical integration across venues, promotion, ticketing, and teams
- +Private ownership under The Anschutz Corporation allows long-term capital decisions without quarterly pressure
- +Premier trophy assets like Coachella and The O2 are difficult for competitors to replicate
- +AXS gives the group ticketing economics rivals pay Ticketmaster for
Considerations
- -No public financial disclosure limits visibility into performance and governance
- -Concentrated control by a single owner concentrates succession and strategy risk
- -Live events are cyclical and exposed to consumer spending downturns
- -Antitrust scrutiny of the live entertainment sector could eventually reach AEG's model
Frequently Asked Questions About AEG
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Sources & Further Reading
Competitors to AEG
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Seatgeek | USA | 2009 | Mass market | United states | All Genders | |
| Live Nation | USA | 2005 | Mass market | Global | All Genders | |
| Live Nation | USA | 2005 | Mass market | Global | All Genders |
Learn More About Competitors
Media EntertainmentSeatGeek
Owned by SeatGeek
Mobile-first ticketing platform for sports, concerts, and theater, serving as primary ticketing partner to major leagues and the official marketplace of MLB.
ticketinglive-eventssports
Media EntertainmentLive Nation
Owned by Live Nation Entertainment
Master brand of Live Nation Entertainment covering concert promotion, festivals, venues, and fan-facing ticketing at livenation.com.
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Media EntertainmentLive Nation Concerts
Owned by Live Nation Entertainment
Global concert promotion division of Live Nation Entertainment, producing tours and festivals that drew 159 million fans to 55,000 events in 2025.
concertstouringfestivals
Competitive Analysis
Market Positioning: AEG competes with 3 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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Independent Alternatives to AEG
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Media EntertainmentFever
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