TICKETING and data analytics firm TEG has acquired local ticket provider TicketWorld, as the Sydney-based company expands its footprint in Asia.
In a statement issued Thursday, TEG said TicketWorld will now become part of TEG Asia headquartered in Singapore.
“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,” TEG Asia Managing Director Brendon Bainbridge said in a statement.
Established in 1995, TicketWorld specializes in providing ticketing services for live events, offering clients services such as ticket printing and design, ticket distribution, venue box office services, and 4D Theater licensing and distribution, according to its website.
TicketWorld ticketed several major international concerts such as Guns N’ Roses and Katy Perry. To note, TEG also ticketed and promoted both shows in Australia and New Zealand.
In terms of theatre productions, TicketWorld has provided services for The Lion King, Mamma Mia, Les Miserables, and Wicked in the country.
The company is also the ticket provider for premier local venues such as Solaire Resort and Casino, Resorts World Manila, BGC Arts Center, and the Cultural Center of the Philippines.
Meanwhile, TEG describes itself as the largest integrated entertainment company in the Asia Pacific region. The company owns Ticketek Australia and New Zealand, and has affiliated ticketing operations in Malaysia, Hong Kong, and Macau at the same time.
“We see great opportunities in many Asian markets and our strategy puts us on course to becoming a truly pan-Asian promoter.” TEG Chief Executive Officer Geoff Jones was quoted as saying in a statement.
“TicketWorld has built a great reputation and lasting relationships in the Philippines live entertainment industry.”
TicketWorld Founder and Chief Executive Officer Bob Sewell and his management team will remain with the business amid the change in ownership.
“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,” Mr. Sewell said. — Arra B. Francia
