“We see great opportunities in many Asian markets”: TEG boss Geoff Jones on latest acquisition
Sydney-based Asia Pacific ticketing, live entertainment and data analytics company TEG has expanded its presence in the Asian markets.
It has acquired the Philippines-based ticketing company TicketWorld.
In the Asia-Pacific region, TEG owns Ticketek Australia and New Zealand and has affiliated ticketing operations in Malaysia, Hong Kong and Macau.
TicketWorld was set up in 1995 by CEO Bob Sewell, and worked a number of services.
It works major international concert tours, as Guns N’ Roses “Not In This Lifetime’ Tour” and Katy Perry’s “Prismatic’ Tour” and stage musicals as The Lion King, Mamma Mia, Les Misérables and Wicked.
TicketWorld provides ticketing services to many major Philippines’ venues including Solaire Resort and Casino, Resorts World Manila, BGC Arts Center and the Cultural Center of the Philippines.
TEG CEO Geoff Jones said the acquisition demonstrated his company’s focus and commitment to expanding the business into multiple Asian markets.
“TEG is the largest integrated entertainment company in Asia Pacific and we have a track record and accumulated expertise in the live entertainment industry,” he said.
“We see great opportunities in many Asian markets and our strategy puts us on course to becoming a truly pan-Asian promoter.
“TicketWorld has built a great reputation and lasting relationships in the Philippines live entertainment industry.
“I am delighted that CEO and founder Bob Sewell and his management team will remain with the business under TEG ownership.”
Sewell added, “I look forward to working with TEG and its team of entertainment professionals.
“ The opportunity to grow the market in the Philippines by delivering more entertainment choices will be well received in the Philippines.”
TicketWorld will become part of TEG Asia, the division based in Singapore under managing director Brendon Bainbridge.
“TicketWorld is a strong ticketing business that will be enhanced by having access to TEG’s ticketing technology, data-driven marketing expertise and e-commerce experience,” said Bainbridge.
“We are delighted to see TicketWorld join the TEG Asia division and help expand our reach in the region.”