Broadway Theater Owner Jujamcyn To Combine Operations With UK’s Ambassador Theatre Group
14.02.2023 - 17:35
/ deadline.com
Broadway’s Jujamcyn Theaters and International Entertainment Holdings Limited, the parent company of Ambassador Theatre Group, have agreed to combine operations, bringing together two of the major players on Broadway and London’s West End.
Jujamcyn owns five Broadway theaters: the St. James, Al Hirschfeld, August Wilson, Eugene O’Neill, and Walter Kerr. ATG already owns two Broadway venues – the Lyric, currently home to Harry Potter and the Cursed Child and the Hudson, where A Doll’s House with Jessica Chastain is in previews. Combining their operations will give the company seven Broadway venues, still the smallest of Broadway’s three major owners, but inching closer to the second-largest: the Nederlander Organization owns nine theaters, while the Shubert Organizatiion has 17.
A.T.G. is a major player internationally, with 58 venues in Britain, Germany, and the United States. Financial terms were not disclosed.
The statement announcing the deal described ATG as “a leading live-theater and ticketing organization,” and Jujamcyn as “the innovative Broadway theater owner and production company.” Financial terms were not disclosed.
Combining operations will allow the companies to “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 customer experiences”.
Jujamcyn President Jordan Roth will sit on the Board as the largest individual shareholder of the combined group and serve as Creative Director. Mark Cornell, CEO of ATG, will serve as CEO.
“This is a thrilling next chapter for Jujamcyn and ATG in our continued commitment to creating raves among our audiences, artists,