Imagine Entertainment is in negotiations to sell a majority stake in the production banner headed by Ron Howard and Brian Grazer to London-based investment firm Centricus Asset Management Ltd.
The talks were first reported by the The Wall Street Journal. The negotiations are accelerating but a source close to the situation cautions there’s still no certainty that a deal will come to fruition. The discussions under way with Centricus are said to value Imagine Entertainment, one of Hollywood’s largest independent content producers, at about $600 million to $700 million. The company has been in the hunt for a capital infusion through an equity sale for some months.
Centricus has $35 billion in assets under management and is known for investing in financial services, technology, infrastructure, media and sports businesses. The company was co-founded in 2016 by Nizar Al-Bassam and Dalinc Ariburnu. Josh Purvis serves as CEO and COO.
Imagine Entertainment declined to comment.
The talks were first reported by the The Wall Street Journal. The negotiations are accelerating but a source close to the situation cautions there’s still no certainty that a deal will come to fruition. The discussions under way with Centricus are said to value Imagine Entertainment, one of Hollywood’s largest independent content producers, at about $600 million to $700 million. The company has been in the hunt for a capital infusion through an equity sale for some months.
Centricus has $35 billion in assets under management and is known for investing in financial services, technology, infrastructure, media and sports businesses. The company was co-founded in 2016 by Nizar Al-Bassam and Dalinc Ariburnu. Josh Purvis serves as CEO and COO.
Imagine Entertainment declined to comment.
- 1/15/2022
- by Jennifer Maas and Cynthia Littleton
- Variety Film + TV
The Peanuts gang are ringing in the holidays with another New Year’s Eve special. Apple TV Plus has announced a new Peanuts TV installment, “For Auld Lang Syne,” which will premiere globally on Friday, Dec. 10.
“For Auld Lang Syne” — the first Peanuts TV special ever with a title that does not include the name of Charlie Brown or Snoopy — is also the first new original holiday special to come following a partnership struck by Apple last year with WildBrain, Peanuts Worldwide and Lee Mendelson Film Productions to bring together new original series and specials, along with the library titles all in one place.
“For Auld Lang Syne” is the second New Year’s Eve-themed special to come from Peanuts, following “Happy New Year, Charlie Brown,” which first premiered on CBS in 1986.
In this new special, the Peanuts gang are disappointed to learn that Charlie Brown’s grandmother can’t visit,...
“For Auld Lang Syne” — the first Peanuts TV special ever with a title that does not include the name of Charlie Brown or Snoopy — is also the first new original holiday special to come following a partnership struck by Apple last year with WildBrain, Peanuts Worldwide and Lee Mendelson Film Productions to bring together new original series and specials, along with the library titles all in one place.
“For Auld Lang Syne” is the second New Year’s Eve-themed special to come from Peanuts, following “Happy New Year, Charlie Brown,” which first premiered on CBS in 1986.
In this new special, the Peanuts gang are disappointed to learn that Charlie Brown’s grandmother can’t visit,...
- 10/4/2021
- by Michael Schneider
- Variety Film + TV
Imagine Entertainment, the production banner run by Ron Howard and Brian Grazer, has been the subject of renewed acquisition talks in recent weeks, multiple sources told Variety.
Investors and potential buyers include an undisclosed sovereign wealth fund from the Middle East, which has been quietly exploring American media investments of late. Also kicking the tires on Imagine are international banks and a domestic private equity firm, according to two individuals familiar with the discussions. The current valuation being floated is between $800 million and $825 million, sources added.
An Imagine Entertainment spokesperson declined to comment on the matter.
The interest in Imagine comes at a time when the media sector is rife with M&a and consolidation activity. In addition to top-level transactions like the pending combination of WarnerMedia and Discovery and Amazon’s nearly $9 billion purchase of MGM, companies like Reese Witherspoon’s Hello Sunshine and LeBron James’ Spring Hill Entertainment...
Investors and potential buyers include an undisclosed sovereign wealth fund from the Middle East, which has been quietly exploring American media investments of late. Also kicking the tires on Imagine are international banks and a domestic private equity firm, according to two individuals familiar with the discussions. The current valuation being floated is between $800 million and $825 million, sources added.
An Imagine Entertainment spokesperson declined to comment on the matter.
The interest in Imagine comes at a time when the media sector is rife with M&a and consolidation activity. In addition to top-level transactions like the pending combination of WarnerMedia and Discovery and Amazon’s nearly $9 billion purchase of MGM, companies like Reese Witherspoon’s Hello Sunshine and LeBron James’ Spring Hill Entertainment...
- 7/20/2021
- by Matt Donnelly
- Variety Film + TV
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