UK-based event promoter and venue operator, The MJR Group, has been acquired by Sydney-headquartered ticketing, live entertainment and tech firm TEG.
The MJR Group promotes and operates more than 2,000 shows a year and has toured acts including 50 Cent, Hans Zimmer, UB40 and Culture Club. It also owns and operates multiple venues across the UK including Tramshed in Cardiff and The Mill in Birmingham, has stakes in six other venues including The Warehouse in Leeds. It recently acquired popular club-night brand in the UK, Propaganda.
TEG operates worldwide in six offices with corporate headquarters in Sydney, Australia. It promotes live sports and entertainment, provides ticketing, technology and e-commerce services and is a major player in data science and analytics, digital marketing and customer research.
The deal is said to give The MJR Group the support of the larger TEG group, as well as “opportunities to tap additional talent for UK tours and the chance to develop a UK presence for TEG’s leading ticketing, analytics and digital capability”.
Richard Buck, CEO and founder of The MJR Group said: “We are very excited by this venture and the enhanced business opportunities brought by TEG. We’ve worked hard to scale the business over the last five years and this next step in our evolution will further strengthen our position in the market.”
He added: “Both companies are digitally-focused and this synergy allows both parties even more leverage by combining each other’s tech expertise and insights to best connect with live entertainment fans.”
The MJR Group’s operations will be incorporated into TEG’s global offering, with The MJR Group’s UK operations to be renamed TEG UK.
“TEG is already Asia Pacific’s leading ticketing, live entertainment and technology business and this acquisition marks a significant step towards TEG becoming a global live entertainment powerhouse.”
Geoff Jones, TEG
TEG CEO Geoff Jones said: “TEG is already Asia Pacific’s leading ticketing, live entertainment and technology business and this acquisition marks a significant step towards TEG becoming a global live entertainment powerhouse.
“The MJR Group is a great fit for TEG. It has strong management talent and a clever live entertainment model to which TEG can add ticketing, analytics and digital capability. The MJR Group also brings significant additions to our venue portfolio. “
Jones said he was delighted that that The MJR Group’s three partners, Richard Buck, Group CEO and Head of UK, Dan Ickowitz-Seidler, Head of UK Venues and Propaganda, and Scott Mesiti, Head of Australia & New Zealand, will remain with the TEG group.
“The MJR Group has built a great reputation and lasting relationships in the UK, Australia and elsewhere and I am thrilled to welcome Richard, Dan and Scott to the TEG family,” said Jones.
TEG’s operations includes Ticketek, TEG Live, TEG Dainty, TEG Analytics, TEG Insights, TEG Digital, Softix, Qudos Bank Arena, Eventopia, Life Like Touring, The Entertainment Store, Brickman Exhibitions and TEG Asia.
[Pictured Left to Right: Dan Ickowitz-Seidler, Head of UK Venues and Propaganda (The MJR Group), Geoff Jones, CEO of TEG, and Richard Buck, The MJR Group CEO and Head of UK.]Music Business Worldwide