LONDON AND NEW YORK – 14 FEBRUARY 2023 – International Entertainment Holdings Limited, the parent company of Ambassador Theatre Group (“ATG”), a leading live-theatre and ticketing organization, and Jujamcyn Theaters LLC (“Jujamcyn”), the innovative Broadway theatre owner and production company, have agreed to combine operations. Financial terms were not disclosed.
Together, ATG and Jujamcyn will offer producing partners an increasingly varied venue portfolio. The combined group will have the resources and shared expertise to continue pushing the boundaries of live entertainment and enhance our theatres and customer experiences.
Jordan Roth will sit on the Board as the largest individual shareholder of the combined group and serve as Creative Director. Mark Cornell will serve as CEO.
Mark Cornell, CEO of ATG, said:
We are delighted to be combining our operations with Jujamcyn. Our combined expertise and capabilities will enable producers and other creatives to bring their visions to life and create the unimaginable for our audiences. We are excited by the further development opportunities for our valued employees. I look forward to working with Jordan, Hal and the team at Jujamcyn to continue creating shows that touch, move, and unite people.”
Jordan Roth, President of Jujamycn, said: “This is a thrilling next chapter for Jujamcyn and ATG in our continued commitment to creating raves among our audiences, artists, producers, and teams. Our companies share a passion for innovation and hospitality as well a deep belief in the power of theatre. By bringing our teams and talents together, we can bring out the best in each other to deliver that vision.”
The transaction is expected to complete in 2023, subject to regulatory approval and customary closing conditions.
About Ambassador Theatre Group:
The Ambassador Theatre Group (ATG) is a leader in live entertainment, covering historic theatres, studio theatres, cinemas, conference spaces, and modern live music arenas. ATG owns and operates 58 iconic venues across the UK, the US, and Germany entertaining over 15 million audience members each year.
Through its in-house production companies and working closely with top producers and promoters, ATG presents live performances including Disney’s The Lion King, Wicked, Moulin Rouge, Harry Potter and the Cursed Child, Cabaret, and Starlight Express, as well as popular music and comedy shows. Through its ticketing platform and ATGtickets.com, ATG processes tickets for musicals, plays, concerts, comedy shows and a variety of other live events at ATG theatres in the UK, US, and Germany. ATGtickets.com attracts more than 40 million unique visitors annually. Headquartered in London and Woking, the company also has offices in New York and Dusseldorf.
ATG is backed by Providence Equity Partners and TEG.
Jujamcyn Theaters is recognized as a theatrical innovator for championing shows that push the boundaries of Broadway and for creating uniquely welcoming experiences for audiences and artists. Jujamcyn's five Broadway theaters are the St. James, Al Hirschfeld, August Wilson, Eugene O'Neill, and Walter Kerr. Current productions include the Tony Award-winning Best Musicals Moulin Rouge! The Musical, Hadestown and The Book of Mormon, as well as the hit revival of Funny Girl and the upcoming New York, New York. Jujamcyn's proud legacy includes Springsteen on Broadway, Angels in America (original and revival), Falsettos, Jersey Boys, The Producers, Clybourne Park, Spring Awakening, Fela!, and six plays by August Wilson.
Phone: + 1 212 695 7400
Rory King / Giles Bethule
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Phone: +44 7917 086 227