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.
