The new division, formed following last month's acquisition of Malaysia's TicketCharge, will be led by former Ticketek NZ MD Brendon Bainbridge
Sign up for IQ Index
The latest industry news to your inbox.
Australia's TEG is "on course to becoming a truly pan-Asian promoter" following the acquisition of Manila-based TicketWorld
By Jon Chapple on 22 Nov 2018
Diversified Australasian live entertainment powerhouse TEG has acquired TicketWorld, one of the largest ticketing companies in the Philippines.
Founded in 1995, Manila-based TicketWorld has in recent years ticketed a number of major international tours, including Guns N’ Roses’ Not in This Lifetime tour and Katy Perry’s Prismatic world tour.
It also has a strong presence in the local theatre ticket market, having worked with productions such as the Lion King, Mamma Mia!, Les Misérables and Wicked, and provides ticketing services to many of the Philippines’ premier venues, including Solaire Resort and Casino, Resorts World Manila, BGC Arts Center (500-cap.) and the Cultural Center of the Philippines (8,458-cap.).
According to TEG, the parent company of leading Australian/New Zealand ticketing platform Ticketek, as well as a host of other promotion and data analytics businesses, the acquisition “complements existing TEG businesses in Asia”.
TicketWorld becomes part of TEG Asia, the division based in Singapore under managing director Brendon Bainbridge, and which also includes affiliated ticketing operations in Malaysia, Hong Kong and Macau.
“The opportunity to grow the market in the Philippines by delivering more entertainment choices will be well received”
“TEG is the largest integrated entertainment company in Asia Pacific, and we have a track record and accumulated expertise in the live entertainment industry,” says TEG CEO Geoff Jones. “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 Philippine 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 adds: “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 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,” comments Bainbridge. “We are delighted to see TicketWorld join the TEG Asia division and help expand our reach in the region.”
Get more stories like this in your inbox by signing up for IQ Index, IQ’s free email digest of essential live music industry news.