{
  "id": 11304181,
  "title": "Raine Group Close to Sale of Majority Stake in Ron Howard and Brian Grazer’s Imagine Entertainment | Exclusive",
  "url": "https://urgent.news/2026/10/01/raine-group-close-to-sale-of-majority-stake-in-ron-howard-and-brian",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-01T23:24:19.000Z",
  "source": {
    "name": "TheWrap",
    "slug": "thewrap",
    "url": "https://www.thewrap.com/industry-news/business/imagine-entertainment-sells-ron-howard-brian-grazer-raine-group/"
  },
  "original_language": "en",
  "account": "The Raine Group is close to selling its majority stake in Imagine Entertainment, the production company co-owned by Ron Howard and Brian Grazer. The move comes after the company's initial $100 million investment in 2016 and subsequent $100 million from China Media Capital in the same year. Additionally, FountainVest Partners contributed another $100 million in 2018. Raine, led by co-founder Joe Ravitch and partner Erik Hodge, has been frustrated with Imagine's recent lackluster output, including low-grossing films like \"Whalefall\" and \"Eden.\" The relationship between Hodge and Grazer has also reportedly become strained. A private equity-backed marketing firm is set to purchase Raine's stake, with the deal expected to close within two weeks. This sale follows a pattern of Imagine exploring potential sales since 2024, although previous attempts, such as a $700 million deal with Centricus Asset Management Ltd., have not succeeded. Imagine has faced challenges in recent years, with several production companies merging or going through downsizing, including SpringHill Company, Hartbeat, and Hello Sunshine. Despite these setbacks, the studio has maintained a diverse portfolio, including successful titles like \"How the Grinch Stole Christmas,\" \"24,\" and \"Arrested Development,\" as well as recent projects such as \"Alone at Dawn\" starring Adam Driver and Luca Guadagnino's \"After the Hunt.\"",
  "summary": "The legendary production company, once home to hits like \"Friday Night Lights\" and \"The Grinch,\" hasn't had a runaway success in a decade The post Raine Group Close to Sale of Majority Stake in Ron Howard and Brian Grazer’s Imagine Entertainment | Exclusive appeared first on TheWrap .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}