Blackstone, Sliver Lake, and more private equity players are pouring cash into Hollywood content, investing in media and production companies led by Jeff Zucker, Reese Witherspoon, Will Smith, Ben Affleck and more.
Private equity is flooding Hollywood and media with cash as Netflix, Disney, and more spend billions on content. Apollo Global is poised to capitalize on streaming consolidation and acquire more entertainment assets, said parter Aaron Sobel.
Legendary Entertainment has a new minority owner following a $760 million equity investment in the company by private equity firm Apollo Global Management Inc.
Legendary sells minority stake to private equity firm Apollo for $760m | News c21media.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from c21media.net Daily Mail and Mail on Sunday newspapers.