TEG has today announced the acquisition of The MJR Group, the international event promoter and venue operator, based in Bristol in the United Kingdom.
The MJR Group promotes and operates more than 2,000 shows a year and has toured acts including 50 Cent, Sia, Hans Zimmer and Culture Club.
The MJR Group owns and operates four venues including TramShed in Cardiff and The Mill in Birmingham, has stakes in six other venues including The Warehouse in Leeds, and owns the leading club-night brand in the UK, Propaganda.
TEG CEO Geoff Jones said the acquisition of The MJR Group provides TEG with a strong presence in the vibrant UK and European markets and demonstrates its commitment to expanding its integrated model internationally. “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,” said Jones.
“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, Scott Mesiti, Head of Australia & New Zealand and Dan Ickowitz-Seidler, Head of UK Venues and Propaganda, will remain with the TEG group.
“The MJR Group has built a strong 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.
Buck 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. 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.”
TEG is at the heart of the live event experience for millions of fans. The company operates worldwide in six offices with corporate headquarters in Sydney, Australia. The dynamic and integrated group promotes live sports and entertainment, provides essential ticketing, technology and e-commerce services and is a major player in data science and analytics, digital marketing and customer research.
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. The MJR Group operates out of Sydney and Port Macquarie in Australia and London and Bristol in the UK and has operated and promoted tours across Dubai, South Africa, Japan and China.
The MJR Group’s international touring operation, MJR Presents, is promoting the forthcoming 90s nostalgia tour Bring That Beat Back in Australia and New Zealand, featuring Flavor Flav, Bobby Brown and Blu Cantrell.