Entertainment Group closes unprecedented deal between TV/film studio and talent managers

1 min

In true Hollywood style, Lionsgate Entertainment closed a blockbuster deal in completing a majority stake acquisition of top management/production company 3 Arts Entertainment. A large Venable team, along with investment bank Moelis & Company LLC, represented 3 Arts in the deal. The transaction is effective immediately and has the entertainment industry abuzz, as this is the first time a studio has purchased a talent management company. In addition to glowing accolades from our client, all involved recognized that this deal would not have come together without Venable’s unique and combined knowledge in the areas of corporate, tax, accounting, and the entertainment industry, and the trust the firm has engendered with 3 Arts and its principals.

The Venable team was led by Alan Epstein and Paul Bernstein. Significant contributions were made by many other Venable lawyers, including Shane Nix, Jennifer Cappelletty, Ronn Davids, Brian O'Connor, Eric Smith, and Scott Thompson, and associates Sharitie Williams, Nic Jacobus, Pauline Jaturongpanich, Marjorie Norman, Daeyna Grant, Dhananjay Adusumilli, and Peter Frechette.