Ticketmaster, the global leader in live event
ticketing, today announced a part acquisition of Thai Ticket Major (TTM),
headquartered in Bangkok, Thailand. The acquisition is scheduled to complete in
Q3 (subject to customary closing conditions being satisfied). This continued expansion
in Asia furthers Ticketmaster’s goal of bringing its ticketing platform to more
markets, allowing the company to better service the growing global live events
industry.
Thailand has a thriving live entertainment market across
all major genres – music, sports, musical theatre and family events. Artists
are traveling more of the world to play to their expanding global fan bases,
and currently 90 percent of Western tours in Asia route through Bangkok.
Thailand also has a strong regional market especially for K-Pop and Japanese
talent. Boasting several world-class venues and significant fan demand for live
entertainment, the Thai market is primed for the rapid adoption of digital
ticketing which Ticketmaster will deliver. Event promotors and artists will be
able to take advantage of Ticketmaster’s world-class suite of industry-leading
products and digital ticketing tools all built with the fan in mind.
Mark Yovich, President of Ticketmaster, commented:“Thailand’s live
entertainment industry has seen immense growth over the past few years. As we
join with Thai Ticket Major, Ticketmaster will enhance the nation’s ticketing
experience, bringing event organisers, venues and fans across the country an
unrivalled level of service and experience.”
Current Managing Director of Thai Ticket Major, Komkrit
Sirirat, will continue to lead the local team and be responsible for all Thai
operations. Founded in 1999 by Tero Entertainment, Thai Ticket Major is currently
the leading full-service ticketing company in Thailand and has operations elsewhere
within the region.
Thai Ticket Major shareholder Brian
Marcar, Managing Director of Tero Entertainment, said: “Delivering a market leading
ticketing solution has been at the heart of TTM for the last 23 years, so it
was the natural next step for us to join the world’s leading ticketing company,
Ticketmaster. Being part of Ticketmaster gives us the opportunity to elevate
our ticketing solutions for Thailand’s premier venues and event creators as
this market grows into one of the world’s premier live entertainment
destinations.”
Also commenting, Vicha Poolvaraluck, Chairman, Major Cineplex Group Plc.: “As a long-term shareholder, over the last two decades we’ve worked extremely hard to build Thai Ticket Major with Tero Entertainment. Throughout this period, we’ve seen immense growth and today we stand very proud as we enter this new chapter with Ticketmaster which will enable us to elevate the business to the next level and continue to provide fans across Asia with the best ticketing technology and service.”
The announcement follows Ticketmaster’s recent moves in
Asia, with the establishment of Ticketmaster Taiwan and Singapore in 2020. This
growth firmly establishes Ticketmaster as a leader within the Southeast Asia market
and helps support touring activity across the region.
MEDIA CONTACTS
Jackie Antas
+61 (3)8632 2069
jackie.antas@ticketmaster.com.au
About TERO
Tero Entertainment Public Co. Ltd. has been
an entertainment powerhouse for more than 30 years and is the #1 international
entertainment company in Thailand. Tero’s TV division produces top-ratings
news, current affairs, and entertainment programming for Channel 7HD. The
company’s Music division boasts a roster of 25 artists, and handles music and
publishing rights, artist management, and is the exclusive licensee and
distributor for several top Western and Asian labels. Tero Digital manages the
online platforms for as well as the e-commerce system for Thailand Post and
creates and manages online content for Channel 7HD. As well as Tero
Entertainment, the Tero group of companies includes Live Nation Tero,
ThaiTicketMajor, Tero Radio, Tero Scenario, Tero Sabuy, and the Tero
Performance Course.
https://teroasia.com http://teromusic.com https://www.livenation.co.th https://teroradio.com
About Major
Cineplex Group Plc.
Major Cineplex Group Plc. (MAJOR) is
Thailand’s leading Lifestyle Entertainment Company established in 1995 and
MAJOR was listed on the Stock Exchange of Thailand (SET) in May 2002 with core
business of Cinema, Bowling Karaoke and Ice skating rink, Rental and services,
Advertising service and Movie contents.
For past years of business growth, the
company is moving toward to be “The World’s Best Cinema and Total Lifestyle
Entertainment Complex Provider”. Moreover the company has also focused on the
best technology and innovation to serve the better service to customers.
“Sharing the world’s best entertainment dreams”
https://investor.majorcineplex.com/en http://majorcineplex.com
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