MELBOURNE (CelebrityAccess) — Paul Dainty, one of Australia’s leading concert promoters, has sold his business to TEG, parent to one of the market’s biggest ticketing firms, to create TEG-Dainty.
The deal will create a “one-stop shop for the world’s biggest live touring artists” in Australasia, both parties boasted in a statement issued Monday (July 4). Financial terms were not disclosed.
British-born, Melbourne-based Dainty’s concert promotion business now operates within a group of companies which includes a ticketing giant with roughly 40% market share (Ticketek) and Australia’s largest arena, the 21,000-capacity Qudos Bank Arena (formerly Allphones Arena) in west Sydney, plus TEG[Live], TEG[Analytics], TEG Rewards, Softix and Eventopia.
“Joining the TEG group is a great opportunity for us to be part of a fully integrated entertainment and touring business,” comments Dainty, founder and executive chairman of Dainty Group, in a statement.
Dainty is one of Australia’s most accomplished – and longest serving — concert promoters to set up shop Down Under. He has presented tours by The Rolling Stones (four times), Eminem (twice), Paul McCartney, Guns N’ Roses, Britney Spears, The Jackson 5, Michael Jackson’s solo stadium tour and, more recently, treks by Eminem, Lionel Richie, Queen & Adam Lambert, Bon Jovi, Miley Cyrus, Neil Diamond and Katy Perry. His company’s theater division has produced such shows as “Mamma Mia,” “Jersey Boys” and “Singing in the Rain.”
Dainty Group launched a Singapore-based pan-Asian touring business in late 2014, and presented its first fully fledged tour in January 2015, featuring Michael Buble. – Staff Writers
