Think about Leisure, the movie and TV manufacturing firm co-founded by Ron Howard and Brian Grazer, is in talks to promote a majority stake to Centricus, a London-based funding agency, in response to folks aware of the matter.
The talks with Centricus worth Think about, identified for hits together with “Cinderella Man,” “Apollo 13” and “Inside Man,” at between $600 million and $800 million, the folks mentioned. Centricus is in talks to buy greater than 70% of the corporate, the folks mentioned.
Messrs. Howard and Grazer will stay shareholders, and Think about’s executives will proceed to steer the studio’s artistic output, a few of the folks mentioned. Service provider financial institution Raine Group will even proceed to personal shares, a few of the folks mentioned.
The talks with Centricus won’t lead to a deal. Different suitors have additionally expressed curiosity in Think about, a few of the folks mentioned.
A flurry of deal making has swept Hollywood in current months as firms money in on the demand for movies and TV reveals for rising streaming companies. One early milestone was Candle Media’s August deal to amass Hi there Sunshine, the media firm based by
for about $900 million.
Reshaping the Media Panorama
Since then, a number of firms have offered outright or taken on new buyers, together with Westbrook Inc., the media firm co-founded by Will Smith and Jada Pinkett Smith, AGBO, the media firm co-founded by “Avengers: Endgame” administrators Joe and Anthony Russo and SpringHill Co., the media firm co-founded by NBA star LeBron James.
Candle Media earlier this 12 months agreed to buy Moonbug Leisure, the creator of kids’s present “CoComelon,” for greater than $2.75 billion.
Based in 1985, Think about Leisure has produced award-winning movies and TV reveals that span genres together with drama, comedy and documentaries. Think about’s initiatives have been acknowledged with Academy Awards, Golden Globes and dozens of Emmy Awards, according to the company’s website. Think about has additionally invested in Jigsaw Productions, the media firm based by filmmaker Alex Gibney, and Jax Media, the movie and TV producer co-founded by Tony Hernandez and Lilly Burns.
An acquirer may proceed to license Think about’s library of films and reveals to distributors to generate money. Among the content material Think about has produced is already licensed to distributors together with
Walt Disney Co.
, which may have an effect on the corporate’s worth to an acquirer. Nevertheless, Think about has co-financed extra of its initiatives in recent times and co-owns a few of its productions, together with the documentary “Lucy & Desi.”
The corporate generates greater than $30 million in money yearly, a few of it from revenue participation in its motion pictures and TV reveals, folks aware of its funds mentioned. The corporate’s annual income couldn’t be discovered.
Current Think about fare consists of “Tick, Tick… Growth!”, a movie adaptation of “Hire” creator Jonathan Larson’s autobiographical musical that was directed by Lin-Manuel Miranda.
Based in 2016, London-based Centricus is a comparatively low-profile funding and advisory agency that’s operated by former executives of
With $40 billion in belongings beneath administration, it appears at investments in sectors together with client, media, leisure and sports activities.
Final 12 months it held talks with UEFA, European soccer’s governing physique, over financing worth 6 billion euro, equal to $6.9 billion, and in 2020 the agency made a longshot bid for TikTok, the favored video-sharing app.
Centricus additionally helped establish the Vision Fund, a $100 billion funding car launched by
SoftBank Group Corp.
Centricus teamed with SoftBank in 2018 for its $25 billion bid to launch new tournaments for FIFA, soccer’s worldwide governing physique, and create a streaming and leisure platform for it.
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