PROMOTER AND venue operator The MJR Group has been bought by Australian promoter and leading ticketing company TEG, in a deal that will see MJR rebranded as TEG UK.
Bristol-headquartered MJR, which says it works on more than 2,000 shows per year across its portfolio – including events in Australia – will be incorporated into TEG’s global operation, and be the vehicle for TEG to introduce its ticketing solutions to the UK.
The three MJR partners, group CEO Richard Buck, head of UK venues and club brand Propaganda Dan Ickowitz-Seidler and head of Australia & New Zealand Scott Mesiti, will remain within the business.
MJR owns and operates the Tramshed (cap. 1,000) in Cardiff and The Mill (750) in Birmingham, has stakes in six others including The Warehouse (500) in Leeds and recently acquired theatrical production company Imagine This.
“The MJR Group is a great fit for us,” 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.”
Buck says, “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.”
Jones says the acquisition of MJR provides TEG, which is headquartered in Sydney and owns ticketing market leader Ticketek, with a strong presence in the UK and European markets, and reflects the company’s commitment to international expansion.
Earlier this year two MJR operated venues closed, The Assembly (1,000) in Leamington Spa and Sheffield’s Plug (1,200), with the latter set to reopen this autumn (see LIVE UK issue 234).