Think about Leisure is in negotiations to promote a majority stake within the manufacturing banner headed by Ron Howard and Brian Grazer to London-based funding agency Centricus Asset Administration Ltd.

The talks have been first reported by the The Wall Avenue Journal. The negotiations are accelerating however a supply near the state of affairs cautions there’s nonetheless no certainty {that a} deal will come to fruition. The discussions underneath approach with Centricus are stated to worth Think about Leisure, considered one of Hollywood’s largest impartial content material producers, at about $600 million to $700 million. The corporate has been within the hunt for a capital infusion by means of an fairness sale for some months.

Centricus has $35 billion in property underneath administration and is understood for investing in monetary providers, know-how, infrastructure, media and sports activities companies. The corporate was co-founded in 2016 by Nizar Al-Bassam and Dalinc Ariburnu. Josh Purvis serves as CEO and COO.

Think about Leisure declined to remark. Centricus couldn’t instantly be reached on Saturday. Funding agency Raine Group, which owns 51% of Think about after investing $100 million within the agency beginning in 2016, is predicted to retain a small piece of the corporate even when a take care of Centricus is accomplished.

Think about had a protracted courtship final yr with Candle Media, the Blackstone-backed firm headed by Disney alums Kevin Mayer and Tom Staggs that’s within the hunt for manufacturing banners equivalent to Reese Witherspoon’s Hey Sunshine and the bustling youngsters’s programming producer Moonbug Leisure.

Based in 1986 by Howard and Grazer, “Apollo 13,” “A Stunning Thoughts” and “Arrested Growth” producer Think about Leisure has been up on the market for some time at a time when main gamers within the media business wish to purchase as a lot content material as doable, whether or not it’s to draw advert patrons or subscribers to streamers. Grazer and Howard are understood to be planning to stay on the helm of Think about, which could possibly be one motive why a monetary purchaser equivalent to Centricus can be enticing to the pair who’ve maintained considered one of Hollywood’s longest-running enterprise partnerships.

Think about Leisure consists of Think about Options, Think about Tv Studios, Think about Documentaries, Think about Children+Household, Think about Manufacturers, together with stakes in Jax Media and Jigsaw Productions. Howard and Grazer are government chairmen of the corporate.

The corporate is within the midst of main structural adjustments that might additionally pushed by a pending transaction. Howard and Grazer named Jax Media’s Tony Hernandez and Lilly Burns co-presidents of Think about, giving them full artistic management of scripted movie and tv. They’ll proceed to function Jax along with growing and producing at Think about. Their earlier hits embody the just-renewed “Emily in Paris” at Netflix, HBO Max’s “Search Social gathering,” and the awards participant “Russian Doll.”

Run by Justin Wilkes and Sara Bernstein, the Think about’s documentary unit has practically 20 unscripted feature-length and sequence tasks launched or in manufacturing, nearly all with distributors connected. Titles embody the Howard-directed Nationwide Geographic launch “Rebuilding Paradise,” Sony Photos Classics’ Julia Youngster doc “Julia,” and Apple’s “Who Are You, Charlie Brown?” and “Dads.”

Different notable latest titles produced by Think about Leisure embody Lin-Manuel Miranda’s “tick, tick, …Growth!,” Howard’s upcoming “13 Lives,” Netflix’s “Crime Scene: Vanishing At The Cecil Resort,” Nat Geo’s “Genius: Aretha,” Hulu’s “Wu-Tang: An American Saga” and Apple TV Plus’s “Swagger,” amongst many others.

Grazer and Howard have been producing companions for practically 40 years. The pair have lengthy maintained their independence, whilst they partnered with main studios for movie and TV tasks. Think about doesn’t personal most of its productions outright, however has ongoing participation in such notable movies as “A Stunning Thoughts,” “Backdraft,” “Apollo 13,” “8 Mile” and “Mulholland Drive,” and TV sequence together with “24,” “Friday Evening Lights,” “Arrested Growth” and “Empire.”

(Pictured: Ron Howard and Brian Grazer) 

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