Jazz FM, Neopolitan Music and The Ingenious Entertainment VCTs has completed a GBP2 million investment into the UK’s first three day, outdoor, camping jazz festival, Love Supreme Jazz Festival, to take place in Brighton in the summer of 2013.
Launched this month, the Love Supreme Jazz Festival is set to play host to some of the world’s finest jazz musicians. The festival aims to champion the eclectic music scene found in its neighbouring Brighton, and is expected to attract thousands of music lovers in its first year.
Paul Bedford (pictured), Investment Director at Ingenious, says: “At a time when sales of recorded music are in decline, the UK festival market continues to buck the trend and expand, making this sector of the entertainment business an excellent investment opportunity.”
Yoel Kenan, Managing Director, Jazz FM, says: "It’s an exciting time for jazz in the UK, with remarkable new talent emerging and a growing new generation of fans embracing the music of the 21st century jazz culture. Jazz FM has been promoting live events around the country for the last two years, so we’re delighted to be partnering with Ingenious to take this natural step to launch a three day festival, that will cater to a wide audience interested in the very finest jazz, soul, and blues."
Ciro Romano, Managing Director, Neapolitan Music Limited, says: "I am delighted to be launching the first major three day outdoor Jazz festival in the UK in partnership with Ingenious and Jazz FM. With Ingenious at the cutting edge of the UK festival market and Jazz FM the dominant player in its field, this is certain to be a unique event, distinct from the competitive pop and rock festival market.”
The Ingenious Entertainment VCTs are well known as investors in live events, and have recently agreed terms to exit from their respective investments in the Creamfields dance festival – providing investors with a very strong return.
The Ingenious Entertainment VCTs give music and entertainment fans the chance to invest in their favourite music festivals, exhibitions, sporting events, venues and television shows. The Ingenious Entertainment VCTs recently launched their latest share offering – the Ingenious Entertainment VCTs’ 1&2 G Share offer, which is seeking to raise up to GBP25 million to deploy into similar ventures. This share offer is currently open for investment until 5 April 2012 with a minimum investment of GBP3,000.
