The main building consists of performance areas.
There are also 5 bars in the building which cater for the visitors who come to see shows (two in O2 Academy2 and three in O2Academy1.
On 6 November 2008, it was announced that Telefónica Europe (owners of the O2 Network in the UK) had become the new sponsor of all Academy venues, in a deal with music promoter Live Nation Entertainment.
The deal, which lasts for five years, sees all venues rebranded "The O2 Academy", in line with Telefónica's purchase of naming rights to the Millennium Dome (now The O2).
This article on a music performance venue is a stub.