Paul Dainty Sells To TEG To Creative Live Nation Rival -
Paul Dainty - image by Ros O'Gorman

Paul Dainty - image by Ros O'Gorman

Paul Dainty Sells To TEG To Creative Live Nation Rival

by Paul Cashmere on July 4, 2016

in News,Noise Pro

Paul Dainty, founder of one of Australia’s biggest concert touring companies Dainty Group, has sold his company to TEG creating the new corporation TEG-Dainty.

Paul Dainty is considered one of the world’s 20 most influential promoters and was ranked by Billboard as the 5th largest concert promoter in the world.

“Joining the TEG group is a great opportunity for us to be part of a fully integrated entertainment and touring business, Paul Dainty said. “Over the last 40 years we have had the opportunity to bring some of the world’s biggest names to Australia – Eminem, Hugh Jackman, Rolling Stones, Prince, Bon Jovi, Michael Bublé, Katy Perry, Paul McCartney, Neil Diamond, Oprah, Lionel Richie, George Michael, WWE and Billy Crystal to name a few, plus a range of theatrical productions such as Jersey Boys and Singin’ In The Rain. We look forward to building on this list and continuing our ongoing artist relationships as part of the TEG group.”

TEG CEO Geoff Jones said, “Bringing the Dainty Group Team into the TEG family is the culmination of a very considered process that was focussed on harnessing the best of both companies under the TEG-DAINTY banner. Paul Dainty has been recognised globally by peers as both influential and innovative in the live entertainment space. We are very excited about the potential for TEG-DAINTY, and TEG as a whole, now that we have one of the world’s leading promoters at the heart of our business.”

The sales of Dainty Group to TEG has created the biggest live event company in Australia since the takeover of Michael Coppel Presents by Live Nation.

Dainty’s previous amalgamations include the Consolidated Press Entertainment partnership with Kerry Packer’s Consolidated Press in 1996. That last 10 years. Dainty also dabbled in a short partnership with Richard Branson with an attempt to mount the Rolling Stones 50th anniversary tour worldwide. That fell over when Branson pulled out of the global deal.

The current deal was hammered out over a 12-month period. At one stage the two companies were looking at taking over Soundwave but were scared off when they saw the books. Their decision to not move forward brought the possibility of Soundwave continuing to an end and the company was placed into receivership.

Dainty Group’s current live events are Melanie Martinez August tour, Billy Crystal July August tour, Singin’ In The Rain and the wrestling event W Live.


Never miss a story! Get your free daily music news email alert. Subscribe to the Noise11 Music Newsletter here

Listen to the Noise11 Music News channel now at iHeartRadio

Follow on Facebook and Twitter

NOISE11 UPDATES are now in Apple News



Related Posts

Iron Maiden performed at Rod Laver Arena on Monday 9 May 2016. Iron Maiden are touring Australia as part of the Book Of Souls World Tour.
Iron Maiden ‘Tap’ Into Melbourne #REVIEW

Iron Maiden didn’t rise globally until their third album ‘The Number of the Beast’ in 1982 so it is highly unlikely that they were inspiration for Rob Reiner’s 1984 mockumentary on metal Spinal Tap. But they would be perfect for a sequel.

May 10, 2016
Neil Diamond performs in Melbourne at Rod Laver Arena on Tuesday 27 October 2015. Photo Ros O'Gorman
Neil Diamond Opens Australian Tour With All-Hit Show In Melbourne

Neil Diamond has returned to the Australian stage for the first time since 2011 and opened the Aussie leg of the tour at Melbourne’s Rod Laver Arena on Tuesday night (27 October 2015).

October 28, 2015
John Mellencamp - Image By Ros O'Gorman
John Mellencamp, Jewel and Carlene Carter Team For Australian Tour

John Mellencamp will return to Australia in February for his first tour since 2008.

October 15, 2015
Oprah Winfrey photo by George Burns
Oprah Winfrey To Tour Australia And New Zealand

Oprah Winfrey will make a round of appearances in Australian and New Zealand arenas in December.

July 19, 2015
Paul Dainty - image by Ros O'Gorman
Dainty Group Ads Two More Execs

Paul Dainty has announced the appointment of Craig Hartenstine and Ben Shepherd to the Dainty Group.

August 6, 2012