Ari Emanuel’s Mari to Acquire Broadway and West End Theater Giant ATG Entertainment
ATG operates 70 venues across the U.S., U.K., Germany and Spain and hosts Broadway productions such as "The Lion King," "Wicked" and "Harry Potter and the Cursed Child" The post Ari Emanuel’s Mari to Acquire Broadway and West End Theater Giant ATG Entertainment appeared first on TheWrap .
Broadway and West End theater giant ATG Entertainment has agreed to be acquired by Mari, a company run by Ari Emanuel. The deal involves the acquisition of 70 venues across the UK, US, Germany, and Spain, including seven Broadway theaters and ten in London's West End. Mari will take on the role of custodian of these theaters, investing in their upkeep and modernization while enhancing the audience experience and supporting new productions.
ATG operates an extensive network of regional theaters as well. The acquisition is subject to regulatory approval and customary closing conditions. Mari's founder and principal investor, Ari Emanuel, emphasized the growing power of live entertainment and ATG's role in this industry. ATG CEO Melanie Smith expressed gratitude for the partnership and the continued focus on creative independence.
The deal is valued at £4.5 billion ($6 billion), with Provenance, Raine Group, Moelis & Company, Akin Gump Strauss Hauer & Feld LLP, EY, LionTree, Kirkland & Ellis LLP, Goldman Sachs, Jefferies and Barron International Group playing various advisory roles.
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