UK-based event promoter and venue operator The MJR Group has been acquired by Australian live entertainment giant TEG.
The MJR Group promotes and operates more than 2,000 shows a year and has worked on tours by acts including 50 Cent, Hans Zimmer, UB40 and Culture Club. Its operations will be incorporated into TEG’s global offering, with the group's UK operations to be renamed TEG UK.
The company 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 and owns club night brand Propaganda. MJR 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.
We are very excited by this venture and the enhanced business opportunities brought by the TEG
The MJR Group
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."
"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.”
Headquartered in Australia, TEG operates worldwide in six offices with corporate headquarters in Sydney, Australia. The deal gives The MJR Group the support of the larger TEG group, opportunities to tap additional talent for UK tours and the chance to develop a UK presence for TEG’s ticketing, analytics and digital capability.
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.
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,” 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. “
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.
PHOTO: (L-R) Dan Ickowitz-Seidler, Geoff Jones and Richard Buck