Producer supported by Mare brothers
SYDNEY — Oz entrepreneur Kerry Jewel has taken the reins of the country’s only listed live entertainment company, Intl. Concert Attractions.
The producer, renowned Down Under for the debts he amassed during three failed attempts to produce the Peter Pan musical “Pan” in the 1990s, drummed up support from 81% of shareholders. That included brothers Fritz and Richard Mare, who are on the management team of ICA’s largest shareholder, Hudson.
The former board surrendered control to Jewel and the Mare brothers Tuesday, averting an extraordinary general meeting pegged for Wednesday.
Frits Mare replaced Ian Roberts as chairman. CEO Lester McGrath and board members Howard Tily and Bruce McLeod ankled Wednesday.
“The Hobbit,” which ICA was co-producing with Andrew Kay and another party, has been put into receivership after a disastrous preem in Wellington, New Zealand.
Mare said the board has nixed planned productions with former ICA founders Kay and Jim McPherson. Existing co-productions will remain but ICA is scouting for new product to add to its inventory, which includes “Menopause,” “Saturday Night Fever” and kiddie troupe Hi-5.