Today the board of directors of The One Club voted to acquire and absorb The Art Directors Club, which will cease to exist in its current form moving forward. It is unclear at this time whether the ADC name will remain and how this move will affect the ADC’s Annual Awards show.
The merger came about in response to financial struggles at ADC, which had been involved in discussions regarding a potential sale for several weeks. Approximately six staff members will join The One Club, and the ADC will vacate its current space by November 1.
Multiple sources tell us that Droga5’s Ted Royer, José Mollá of The Community and One Club CEO Kevin Swanepoel advocated for the merger over the objections of unnamed board members.
The news was announced in an all staff meeting earlier this month, but specifics regarding the deal and the approval of the board weren’t finalized until this afternoon.
We have given both organizations more than 24 hours to comment on the news but have not yet received an official response.
Updates as they come in.