(CelebrityAccess) – Australasian live entertainment powerhouse TEG has acquired TicketWorld, one of the largest ticketing companies in the Philippines.

The Manila-based TicketWorld has a strong presence across the live entertainment industry, having in recent years ticketed a number of major international tours, including Guns N’ Roses’ Not in This Lifetime tour and Katy Perry’s Prismatic world tour, worked with theatre productions such as the Lion King, Mamma Mia!, Les Misérables and Wicked, and provided ticketing services to many of the Philippines’ premier venues, including Solaire Resort and Casino, Resorts World Manila, BGC Arts Center, and the Cultural Center of the Philippines.

Commenting on the acquisition, TEG CEO Geoff Jones said: “TEG is the largest integrated entertainment company in Asia Pacific, and we have a track record and accumulated expertise in the live entertainment industry. We see great opportunities in many Asian markets and our strategy puts us on course to becoming a truly pan-Asian promoter.

“TicketWorld has built a great reputation and lasting relationships in the Philippine live entertainment industry. I am delighted that CEO and founder Bob Sewell and his management team will remain with the business under TEG ownership.”

Sewell added: “I look forward to working with TEG and its team of entertainment professionals. The opportunity to grow the market in the Philippines by delivering more entertainment choices will be well received in the Philippines.”