"We'll be able to navigate these next few years knowing we have a team who shares the festival's long-term vision."
TEG and Laneway Festival have announced a new partnership today.
The much-loved festival will now join the TEG stable with founders Jerome Borazio and Danny Rogers remaining on as "substantial owners" as well as co-managing directors alongside TEG.
"We have enormous respect for Laneway, which has grown from a Melbourne street party into a world-class festival and with a strong touring arm, consistently breaking new local and international artists to the youth market in the region," said TEG CEO Geoff Jones.
"Laneway will continue to operate as it always has, with founders Jerome and Danny and their team working closely with TEG Live Managing Director Tim McGregor as they continue to innovate and plan for the 2022 Laneway Festival. Watch this space!"
"Firstly, we would like to thank everyone who has helped to make Laneway what it is today," said Borazio and Rogers in a statement.
"The festival started in a tiny alley in Melbourne in 2005 and has grown to become an institution in Australia, NZ and Singapore, thanks to the hard work and passion of some of the most genuine and talented music lovers in the country. We are endlessly thankful for and humbled by their contribution.
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"To the fans and artists: we are super determined to get Laneway Festival back on the circuit ASAP, delivering you the amazing line-ups and experiences that you’ve grown accustomed to.
"And, of course, we want to thank Michael Chugg and his incredible teams, past and present. The festival would not exist today without his, and their vision, passion and support.
"Finally, to the current team working on the festival: thank you for your ongoing patience throughout this challenging period for our industry. With our new partnership with TEG we’ll be able to navigate these next few years knowing we have a team who shares the festival’s long-term vision."
Launching in Melbourne in 2005 as St Jerome's Laneway Festival, the annual event has grown to be a festival staple and expanded to include Sydney, Brisbane, Adelaide and Fremantle, as well as New Zealand and Singapore.
Artists that have played the festival include Billie Eilish, Lorde, Haim, Denzel Curry, Run The Jewels, Tame Impala, Flume and more.
In early 2020, Jones and Rogers were named as part of The Music's annual The Power 50 list. Head here to see the full list, as well as Rogers and Jones' profiles at these links.