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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 line with individuals accustomed to 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 individuals mentioned. Centricus is in talks to buy greater than 70% of the corporate, the individuals mentioned.
Messrs. Howard and Grazer will stay shareholders, and Think about’s executives will proceed to steer the studio’s artistic output, among the individuals mentioned. Service provider financial institution Raine Group may also proceed to personal shares, among the individuals mentioned.
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Ron Howard attends Brian Grazer In Dialog With Ron Howard at 92nd Road Y on Sept. 17, 2019, in New York Metropolis. (Jamie McCarthy/Getty Photographs / Getty Photographs)
The talks with Centricus won’t lead to a deal. Different suitors have additionally expressed curiosity in Think about, among the individuals mentioned.
A flurry of deal making has swept Hollywood in current months as corporations money in on the demand for movies and TV reveals for rising streaming providers. One early milestone was Candle Media’s August deal to accumulate Good day Sunshine, the media firm based by Reese Witherspoon, for about $900 million.
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Ron Howard and Brian Grazer attend Brian Grazer In Dialog With Ron Howard at 92nd Road Y on September 17, 2019, in New York Metropolis. (Jamie McCarthy/Getty Photographs / Getty Photographs)
Since then, a number of corporations 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.
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Brian Grazer attends Brian Grazer In Dialog With Ron Howard at 92nd Road Y on Sept. 17, 2019, in New York Metropolis. (Jamie McCarthy/Getty Photographs / Getty Photographs)
Candle Media earlier this 12 months agreed to buy Moonbug Leisure, the creator of youngsters’s present “CoComelon,” for greater than $2.75 billion.
This text first appeared within the Wall Road Journal
