Jujamcyn Theaters, which owns five Broadway theatres, is set to merge with International Entertainment Holdings Limited, the parent company of Ambassador Theatre Group (ATG).
ATG already owns two Broadway theatres as well as more than 50 venues across the UK and Germany.
President of Jujamcyn Theaters, Jordan Roth, will sit on the board as the largest individual shareholder of Jujamcyn, and will also serve as creative director. Mark Cornell, chief executive of ATG, will also serve as the CEO of the combined group.
ATG has been looking to expand its Broadway presence, and while Jujamcyn is smaller than the likes of the Shubert Organization and the Nederlander Organization, the company has still produced popular shows.
The organisation has been running The Book of Mormon at its Eugene O’Neill Theater since 2011, and is currently running Moulin Rouge! The Musical at the Al Hirschfeld Theatre, Hadestown at the Walter Kerr Theatre, Funny Girl at the August Wilson Theatre and the upcoming New York, New York at the St. James Theatre.
Roth 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.”
Cornell added: “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.”
The transaction is set to complete in 2023, subject to regulatory approval and customary closing conditions.