BlackRock, Oaktree Seize Movie Servicer With $900 Million Debt
BlackRock Inc.’s HPS and Brookfield Corp.’s Oaktree Capital Management took over a firm that provides lighting, rigging and other services for Hollywood productions, wiping out as much as $900 million of debt as the global entertainment industry struggles with changing economics, according to people with knowledge of the deal.
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
