It's the groups 12th acquisition, who already own venues in Newcastle, London, Glasgow, Birmingham, Bristol, Liverpool, and Oxford.
The venue is a Grade II listed building that dates back to 1897 when it was known as Brighton Ice-Rink, before it was converted in 1901 to a theatre, and renamed the Hippodrome.
The venue has already played host to a number of huge bands, including The Beatles and The Rolling Stones, but was closed as a live performance venue in 1965 and turned into the Mecca Bingo Hall in 1967 until it closed earlier last year.
AMGs Chief Executive Officer, John Northcote spoke out on the group's latest project "Brighton is a great City, a location weve been looking into for some time. Were delighted at the prospect of maintaining and developing a site with such history, especially as this venue still retains many of its original features and grandeur of its early years.
Our aim is to bring the Hippodrome back as a quality entertainment venue, working with local bands and artists as well as major UK and international acts."
This can only be good news for Brighton's music scene.
published: 21/02/2007 00:31