Latest News

Back to Latest News back

 

TEG acquires touring business of veteran promoter Paul Dainty

TEG acquires touring business of veteran promoter Paul Dainty
July 4, 2016

In a deal that will  create the biggest diversified ­promotion and entertainment company in the local market, TEG, owner of Ticketek and a range of live entertainment properties, has bought the Dainty Group, the touring business controlled by veteran promoter Paul Dainty.

The acquisition also marks TEG’s most significant transaction since it was bought by Affinity Equity Partners from Nine Entertainment Co in April 2015..

Over a 40-year career, Dainty (pictured above) has brought top international acts including The Rolling Stones, Katy Perry, Paul McCartney and Billy Crystal to Australia while producing and promoting shows across Australia and New Zealand, the United Kingdom, South East Asia and South Africa

Dainty told The Australian “the deals are just so big now and I think being part of a large combination we will see one and one equalling three.

“As we bring the world’s ­hottest acts under one roof with TEG-Dainty, hopefully we can do more top-tier tours, make them more money and grow even further from where we are.”

Born in England, Dainty founded the Dainty Group in the early 1970s after spotting a gap in the Australian touring ­market.

His breakthrough promotion came with The Rolling Stones’ 1973 Australian tour, and he has now sold more than 50 million concert tickets in this country.

The Dainty Group has consistently been ranked in the top five global promoters by international entertainment publication Billboard magazine.

Dainty said the touring business had never been more relevant as artists increasingly relied on live shows to generate revenues after the record industry was disrupted by digital streaming ­services.

He added “when I started out artists derived most of their income from records.

“Touring was still a very profitable business back then but the tours were designed to drive more record sales.

“The bottom line is that the change in the market dynamics have helped the touring business.”

TEG has been focused on expanding its touring business into Asia where Dainty has a Singapore office and a strong slate of ­talent to tour the region.

TEG Chief Executive Geoff Jones, who also steered the business under Nine’s ownership, said the Dainty Group was a clear preference when he was scouring the market for acquisitions.

Jones explained “what stuck out was that the Dainty Group and Paul were of the most interest to us.

“Culturally, we will fit really well together. Paul and I knew each other well and had worked together well so we expect it to be a seamless integration.”

Dainty was Dainty Group’s sole owner before the transaction after founding the business in the early 1970s, and he will now be running the TEG-Dainty touring business, reporting to Jones.

28th September 2015 - A STAR ARISES AS NINE LIVE REBRANDS AS TEG

7th May 2015 - NEW NINE LIVE OWNERS LOOK FOR ONGOING EXPANSION

24th December 2014 - PROMOTER PAUL DAINTY BUYS INTO BANGTANGO

13th December 2014 - KATE PERRY’S SYDNEY CONCERTS SHATTER ALLPHONES ARENA RECORD


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.

 

supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

Smart Connection Consultancy

Smart Connection Consultancy is a boutique sport and recreation consultancy who has become one of Australia’s leading advocates for the use of synthetic sports surfaces as a vehicle to grow…

read more

Consultants / Recreation / Sport / Surfaces

 
 

Augmented Creative

Augmented Creative is an open organization of like-minded and highly dedicated, creative people who conceive, plan and execute visual solutions. We pursue new and innovative visual ideas to help…

read more

Arts / Attractions / Consultants / Design / Tourism

 
 

TRISLEYS HYDRAULIC SERVICES

Trisley's Hydraulic Services P/L (THS) are a specialised pool company dealing with all aspects of the commercial swimming pool industry, including the installation and servicing from the smallest…

read more

Aquatics / Design / Play / Waterparks

 
 

Vticket

Vticket Pty Ltd is the Australian and New Zealand distributor for Gateway Ticketing Systems Inc., the world leader in high-speed access control, admission control and ticketing software for the…

read more

Attractions / Security / Technology / Ticketing / Venues

 
 

GLADSTONE MRM

Gladstone Health & Leisure (Gladstone MRM Pty Ltd Australia) is a leading supplier of leisure management and fitness software and is endorsed by leading health and fitness professionals and…

read more

Access / Billing / Fitness / Technology / Venues

 
 

Mattioli

Mattioli provides award winning painting, flooring and waterproofing services to the aquatics and recreation sector. We’re recognised as the leading contractor in the industry with award-winning…

read more

Aquatics / Recreation / Safety

 
 

Hadley/Series Australia Pty Ltd

Hadley Australia and Series Australia Pty Ltd are the leading quality theatre chair manufacturers in the southern hemisphere. The businesses work closely with architects, interior designers and…

read more

Arts / Culture / Design / Entertainment / Venues

 
 

AlphaFit

AUSTRALIAN MADE. BUILT NOT BOUGHT. AlphaFit is a 100% Australian owned family company manufacturing gear specifically for the strength and conditioning, functional fitness and high-performance…

read more

Fitness / Recreation / Sport / Technology / Wellness

 
 
 
 

get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business