{"id":71236,"date":"2019-10-03T17:41:59","date_gmt":"2019-10-03T16:41:59","guid":{"rendered":"https:\/\/www.musicbusinessworldwide.com\/?p=71236"},"modified":"2019-10-03T18:09:23","modified_gmt":"2019-10-03T17:09:23","slug":"asm-global-buys-25-shareholding-in-aus-stadium-operator-venueslive","status":"publish","type":"post","link":"https:\/\/www.musicbusinessworldwide.com\/asm-global-buys-25-shareholding-in-aus-stadium-operator-venueslive\/","title":{"rendered":"ASM Global buys 25% shareholding in Aus stadium operator VenuesLive"},"content":{"rendered":"<p>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.<\/p>\n<p>ASM Global was formed through the <a href=\"https:\/\/www.musicbusinessworldwide.com\/aeg-facilities-and-smg-complete-merger-to-create-asm-global\/\">recent merger<\/a> of AEG Facilities and SMG.<\/p>\n<p>The company spans five continents with a portfolio of more than 300 arenas, stadiums, convention &amp; exhibition centres and performing arts venues.<\/p>\n      <div class=\"mb-advert__incontent\">      <div class=\"mb-advert mb-advert__tweeny hidden-xs hidden-ms hidden-sm\" data-loaded=\"no\" data-sizes=\"992 1200 1440\" data-name=\"628x90 Sponsor banner #5 (992+1200+1440)\" data-params=\"dfp_sponsor5_628\" id=\"dfp_sponsor5_628\"><\/div>      <div class=\"mb-advert mb-advert__banner mb-advert__banner--inline hidden-xs hidden-sm hidden-md hidden-lg\" data-loaded=\"no\" data-sizes=\"480\" data-name=\"468x60 Sponsor banner #5 (480)\" data-params=\"dfp_sponsor5_468\" id=\"dfp_sponsor5_468\"><\/div>      <div class=\"mb-advert mb-advert__mobile mb-advert__mobile--inline hidden-ms hidden-md hidden-lg\" data-loaded=\"no\" data-sizes=\"320 768\" data-name=\"300x50 Sponsor banner #5 (320+768)\" data-params=\"dfp_sponsor5_300\" id=\"dfp_sponsor5_300\"><\/div>      <\/div>      \n<p>VenuesLive operates three of Australia\u2019s 83,500-seat ANZ Stadium, 30,000-seat Bankwest Stadium in Sydney, as well as the 60,000-seat Optus Stadium in Perth (pictured).<\/p>\n<p>The government owners of the three stadiums have granted approval for the acquisition.<\/p>\n<p>Harvey Lister, Chairman and CEO of ASM Global in the Asia Pacific region will join the Board of VenuesLive.<\/p>\n<p>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.<\/p>\n<blockquote><p>\u201cThe 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.&#8221;<\/p>\n<p><span style=\"color: #000000;\">Bob Newman, ASM Global<\/span><\/p><\/blockquote>\n<p>Bob Newman, President and CEO of ASM Global, said: \u201cThe 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.&#8221;<\/p>\n<blockquote><p>&#8220;We look forward to the benefits that ASM Global\u2019s investment in VenuesLive will bring, particularly in delivering additional events to the stadia we manage.&#8221;<\/p>\n<p><span style=\"color: #000000;\">Daryl Kerry, VenuesLive\u00a0<\/span><\/p><\/blockquote>\n<p>VenuesLive Managing Director Daryl Kerry, added: \u201cWe are excited about ASM Global\u2019s investment in VenuesLive.<\/p>\n<p>&#8220;We look forward to the benefits that ASM Global\u2019s investment in VenuesLive will bring, particularly in delivering additional events to the stadia we manage.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ASM Global was formed through the recent merger of AEG Facilities and SMG<\/p>\n","protected":false},"author":15,"featured_media":71245,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[1999],"class_list":["post-71236","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-australia"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/posts\/71236","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/comments?post=71236"}],"version-history":[{"count":0,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/posts\/71236\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/media\/71245"}],"wp:attachment":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/media?parent=71236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/categories?post=71236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/tags?post=71236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}