Venue management and services company ASM Global (Asia Pacific) has purchased a 25% shareholding in Australia-based venue operator VenuesLive, which was previously held by Techfront Australia.
ASM Global was formed through the recent merger of AEG Facilities and SMG.
The company spans five continents with a portfolio of more than 300 arenas, stadiums, convention & exhibition centres and performing arts venues.
VenuesLive operates three of Australia’s 83,500-seat ANZ Stadium, 30,000-seat Bankwest Stadium in Sydney, as well as the 60,000-seat Optus Stadium in Perth (pictured).
The government owners of the three stadiums have granted approval for the acquisition.
Harvey Lister, Chairman and CEO of ASM Global in the Asia Pacific region will join the Board of VenuesLive.
The day-to-day operational control of the company will remain under the direction of current directors and joint majority shareholders, Daryl Kerry and Steve Heytman.
“The real winners from these developments are the fans who will be able to access a greater range of world-class content, services, amenities and technologies in more venues than ever before, across Australia.”
Bob Newman, ASM Global
Bob Newman, President and CEO of ASM Global, said: “The real winners from these developments are the fans who will be able to access a greater range of world-class content, services, amenities and technologies in more venues than ever before, across Australia.”
“We look forward to the benefits that ASM Global’s investment in VenuesLive will bring, particularly in delivering additional events to the stadia we manage.”
Daryl Kerry, VenuesLive
VenuesLive Managing Director Daryl Kerry, added: “We are excited about ASM Global’s investment in VenuesLive.
“We look forward to the benefits that ASM Global’s investment in VenuesLive will bring, particularly in delivering additional events to the stadia we manage.”Music Business Worldwide
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