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.

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.

Philip Anschutz assembled the group in 1994 to unify a growing set of sports investments. The defining move came in 1995 with the purchase of the NHL's Los Angeles Kings, followed by construction of the downtown Los Angeles arena that opened as Staples Center in 1999 and became Crypto.com Arena in 2021. The venue anchored L.A. LIVE, the mixed-use district AEG developed around it.

Live music became the second pillar. Anschutz had bought the Los Angeles promoter Goldenvoice, and in 2002 AEG rolled its promoters into AEG Live, later renamed AEG Presents. Goldenvoice's Coachella festival, launched in 1999, grew under AEG into one of the highest-grossing music events on earth, joined by Stagecoach, Electric Forest, and dozens of other festivals.

The venue strategy went global. AEG redeveloped London's Millennium Dome into The O2, opened in 2007 and now routinely the world's top-grossing arena. It built the Mercedes-Benz Arena in Shanghai, operates the Uber Arena in Berlin, and partnered with MGM Resorts on T-Mobile Arena in Las Vegas.

Ticketing completed the chain. AEG co-founded AXS with Outbox in 2011 and bought full ownership in 2019. In sports it added the LA Galaxy, the AHL's Ontario Reign, Germany's Eisbären Berlin, and minority stakes in clubs including Hammarby IF and Djurgårdens IF, while selling its Lakers and Sparks stakes in 2021.

The sharpest recent change was the 2024 sale of ASM Global, the venue management giant AEG had built and merged with SMG in 2017, to Legends Hospitality. In 2025 AEG Presents bought Nashville's Gary Musick Productions and launched the College Basketball Crown postseason tournament with FOX Sports.

AEG operates a group-wide sustainability program called AEG 1EARTH, covering energy use, waste, water, and community investment across venues. The O2 has run high-profile carbon reduction initiatives, and several buildings hold green venue certifications. The company publishes periodic impact reporting, unusual for a private company of its size.

Labor is the persistent ethical issue: venue and festival staffing involves large numbers of part-time and contract workers, and unionization efforts have surfaced at multiple properties.

The O2 regularly tops Billboard and Pollstar rankings as the world's highest-grossing arena. Coachella is consistently ranked the most influential music festival globally. AEG leadership, including Beckerman and Goldenvoice's Paul Tollett, appears annually on Billboard's Power 100. The company has also been named among the most valuable sports empires by Forbes.

AEG Live was cleared of liability in the 2013 wrongful death trial brought by Michael Jackson's family over the This Is It concerts, the most consequential litigation in its history.

The broader live entertainment industry faces sustained U.S. antitrust scrutiny. While the Department of Justice's 2024 case targeted Live Nation and Ticketmaster, AEG's integrated model, venue ownership plus promotion plus AXS ticketing, keeps it inside the regulatory conversation. Festival operations also face recurring disputes over permitting, environmental impact, and worker treatment.