LONDON — J&M Entertainment, the London-based sales company, is in discussions about a possible deal to sell a minority stake to United News & Media, the fast-expanding British media group.
But J&M co-chairman Mike Ryan said United was just one of several potential investors to express interest in J&M in the past 18 months, and that no deal had yet been agreed upon.
Sources suggested that the talks could go either way in the next few weeks. J&M has been entertaining suitors for some time, and if Ryan and his partner Julia Palau do finally decide they want to bring a new investor on board, United is the most likely candidate now on the horizon.
Meanwhile, United is co-financing the development of the J&M pic “‘The Crocodile Bird.”