Most of Imagine Entertainment for sale?

Most of Imagine Entertainment for sale

Ron Howard and Brian Grazer’s famous film and television production company Imagine Entertainment are in talks to sell a majority stake in the company to London investment firm Centricus, according to sources in The Wall Street Journal.

The report suggests that the UK company could pay between $ 600-800 million for a stake of over 70% in the company founded by Howard and Grazer in 1985.

Imagine includes the production company Jax Media (“Broad City”, “Younger”, “Emily in Paris”), Alex Gibney’s Jigsaw Productions and a large library of films and series from Howard’s own films such as “Backdraft”, “Frost / Nixon,” ” Apollo 13 “and” The Da Vinci Code “franchise for notable TV series such as” 24 “,” Friday Night Lights “and” Empire “.

Imagine has been responsible for countless films over the last few decades from “The ‘Burbs” and “Willow” in the 1980s, “Kindergarten Cop” and “Ransom” in the 1990s, “Inside Man” and “American Gangster” in 2000s, and “Cowboys & Aliens” and “In the Heart of the Sea” in the 2010s. Recently, they supported the award-winning “tick, tick … Bom!”.

Should an agreement move forward, Howard and Grazer will remain shareholders – so will the commercial bank Raine Group.

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