Ogden IFC attracts AEG investment to become AEG Ogden
Los Angeles-based sports and entertainment presenter AEG has acquired an interest in Australian venue operator Ogden IFC, creating a new 50/50 joint venture called AEG Ogden.
The partnership will operate arenas, theatres, stadiums and convention and exhibition centres across Australia and New Zealand as well as the Middle East/North Africa, parts of Asia and the western Pacific.
The new company will be led by Brisbane-based Ogden IFC Chairman and Chief Executive Harvey Lister and Executive Director Rod Pilbeam, who will work with AEG Chief Executive Bob Newman.
Commenting on the new venture, Lister told US entertainment magazine Billboard that the most immediate growth is expected in China, India and the Gulf region of the Middle East, advising "there is a lot of private and government investment there and both companies have strong commercial models that work closely with government entities as well as private sector venue developers."
The joint venture brings to 65 the number of venues affiliated with AEG Ogden, with the join venture one of three consortiums bidding for the Singapore Sports Hub, which includes a 55,000-seat stadium and a 12,000 indoor stadium.
Newman advised that the joint venture creates one of the largest venue and events businesses in the world, stating "the collection of associated facilities will provide a single entity of unmatched strength capable of maximising event activity, sponsorship revenues and the highest levels of guest services as well as providing capital to the advantage of the entire network of venues."
AEG owns or provides services to a collection of facilities such as Staples Center (Los Angeles), Nokia Theatre Times Square, the El Rey Theatre (Hollywood) the WaMu Theatre (Seattle), and three just-opened arenas, Sprint Center (Kansas City), Prudential Center (Newark) and the O2 in London.
Ogden IFC operates 16 venues including Telstra Stadium in Sydney, Newcastle Entertainment Centre and the Brisbane Convention and Exhibition Centre, plus venues in Malaysia, Qatar and India.
These sites generated $188 million (US$156 million) in ticket sales and hosted 7.4 million patrons in the last year, according to the company.
Image shows Rod Pilbeam and Harvey Lister.
Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?
The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.
However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.
Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.
Subscriptions cost just $90 a year.
Click here to subscribe.
The Complete Guide to Leisure Industry Products & Services.
Established in 1994, Ceramic Solutions has excelled at the supply and installation of swimming pool tiles and equipment for the pool and leisure industry, with a focus on the needs of end-users. …read more
Swimplex Aquatics are a world-class company dedicated to the commercial pool, waterslide industry. We are Australian market leaders servicing all states Australia wide. Swimplex provide a full…read more
Aflex Inflatables are the leaders for obstacle courses, pool toys, waterparks and land-based watersides and fitness runs. They are industry leaders offering the widest range of pool, lake and beach…read more
INTRODUCTION Abel Sports is Australia’s leading manufacturer and suppliers of Goal Posts, sports ground safety netting systems and coaches boxes for Stadiums ,Sports Clubs, Councils and…read more
Headquartered in Brisbane with an Australia-wide network of satellite offices, PaySmart is one of Australia’s largest and longest-standing direct debit billing companies. In 1996 we began…read more
Links Modular Solutions are a leading provider of high-quality, innovative software solutions for leisure facilities. Our software suite includes modules such as POS, Classes, Members, Facility…read more
Ecoline is a highly experienced and skilled company that offers world-first technology in safety, protects the environment and provides a unique and challenging custom-made adventure and educational…read more
get listed with our suppliers directory
Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!