AUSTRALIAN TICKETING company and promoter TEG has acquired UK-based venue operator and promoter The MJR Group.
MJR handles more than 2,000 shows a year and has toured acts including 50 Cent, Sia, Hans Zimmer and Culture Club.
Among the venues it owns or operates are the Tramshed (cap. 1,000) in Cardiff and The Mill (750) in Birmingham, and it has stakes in six other venues including The Warehouse (500) in Leeds …
It also recently absorbed leading club-night brand, Propaganda.
However, this year two of MJR’s venues closed – although one, Sheffield’s Plug (1,200) is set to reopen – and the company had experienced some financial issues.
“The MJR Group is a great fit for TEG,” says TEG CEO Geoff Jones. “It has strong management talent and a clever live entertainment model to which TEG can add ticketing, analytics and digital capability.”
MJR senior executives group CEO and head of UK Richard Buck, head of Australia & New Zealand Scott Mesiti and head of UK venues and Propaganda Dan Ickowitz-Seidler, will remain on board.
The company will be incorporated into TEG’s global operations and be renamed TEG UK.
“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,” says Buck. “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 operates worldwide in six offices with corporate headquarters in Sydney Australia.
MJR’s international touring arm MJR Presents is promoting ‘90s–themed tour Bring That Beat Back across Australia and New Zealand, featuring Flavor Flav, Bobby Brown and Blu Cantrell.