Major Broadway & West End Theater Owner ATG Entertainment In Early Stages Of Possible Sale – Report
ATG Entertainment, a major theater operator, is reportedly in the early stages of a potential sale by its private equity owner. The company, which operates over 70 venues including notable Broadway theaters, could be valued at more than 4 billion pounds. Discussions about the sale have been ongoing, but no final decision has been made yet.
- ▪ATG Entertainment is preparing for a possible sale by its private equity owner, Providence Equity Partners.
- ▪The sale could value the business at over 4 billion pounds, based on recent earnings.
- ▪ATG owns and operates more than 70 venues across the UK, US, Germany, and Spain.
Opening excerpt (first ~120 words) tap to expand
ATG's Lyric Theatre on the Broadway opening night of 'Harry Potter and The Cursed Child' (2018) Bruce Glikas/Bruce Glikas/FilmMagic ATG Entertainment, the British and Broadway theater operator whose venues house such major productions as The Book of Mormon, Harry Potter and the Cursed Child and Titanique, is, according to Reuters, “in the early stages of being prepared for a possible sale by its private equity owner.” The news service says it was tipped to the possible sale by four people familiar with the matter. ATG Entertainment declined Deadline’s request for a comment. Deadline has also reached out to ATG owner Providence Equity Partners and will update this post with a response.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Deadline.
Discussion
0 commentsMore from Deadline
