Imagine Entertainment is in negotiations to sell a majority stake in the production banner headed by Ron Howard and Brian Grazer to London-based investment firm Centricus Asset Management Ltd.The talks were first reported by the The Wall Street Journal. The negotiations are accelerating but a source close to the situation cautions there's still no certainty that a deal will come to fruition. The discussions under way with Centricus are said to value Imagine Entertainment, one of Hollywood's largest independent content...
Imagine Entertainment
Brian
Grazer
Cofounder / Chairman
Grazer and fellow Imagine chief Ron Howard engaged in a round of buyout talks in the summer of 2021 with international banks, a Middle Eastern sovereign wealth fund and former Disney execs Kevin Mayer and Tom Staggs (armed with $2 billion in capital from Blackstone Group). There were no immediate takers for the 36-year-old prodco, which had a price tag of $800 million to $825 million, and so Grazer went about business as usual, closing a pod producing deal with Noor Alfallah and Remi Alfallah, executive producing series including “Dan Brown’s The Lost Symbol” (Peacock), “The Ms. Pat Show” (BET+) and “Swagger” (Apple TV+) and producing films including Lin-Manuel Miranda’s “Tick, Tick… Boom!” (Netflix) and Howard’s “Thirteen Lives.”