TEG cites ‘refocused growth strategy’ after recent contract losses

Ticketek Entertainment Group (TEG) has said a “refocused growth strategy” is behind recent fundraising from investors, after reports suggested the firm was restructuring after losing several key contracts.

The group, which is partnered with leading Australian festival Laneways as well as Sydney’s Afterpay Arena, reportedly raised AUS$100m following the loss of contracts including Sydney concert venue Hordern Pavillion, which struck a ticketing deal with AXS in July.

The company also lost the contract for Venues NSW to Ticketmaster…

You've used your free article this month

Continue reading with a free account, or subscribe for unlimited access to all of our news, features and reports.

Subscribe Create a Free Account

Already have an account? Sign in