Ari Emanuel's Events Business Will Acquire Theater Owner Atg Entertainment

Ari Emanuel’s events and experiences business, Mari, said Tuesday that it will get ATG Entertainment, nan proprietor of 70 venues, including theaters successful London’s West End.

ATG’s venues person hosted much than 16,000 performances and much than 18 cardinal theatergoers annually, according to Mari. ATG besides co-produces activity for West End and Broadway and is nan location for productions including “Harry Potter and nan Cursed Child.”

“I’ve seen nan manufacture reinvent itself galore times, but unrecorded has only grown much powerful,” Emanuel said successful a statement. “Nothing connects awesome talent pinch audiences much directly. ATG has built 1 of nan world’s awesome theatre businesses astir that experience. This is simply a semipermanent stake connected wherever unrecorded goes next.”

Mari is acquiring ATG from Providence Equity Partners L.L.C. for an undisclosed value and nan woody is subjected to regulatory approvals.

The acquisition comes arsenic Mari continues to grow its portfolio of businesses. Last year, Mari acquired TodayTix Group, a theatre ticketing level serving Broadway and London’s West End for an undisclosed price. Mari owns respective events and experiences properties, including tennis tourney Miami Open, modern creation statement Frieze and London’s Hyde Park Winter Wonderland.

ATG owns 3 venues successful San Francisco: Orpheum Theatre, Golden Gate Theatre and Curran Theatre.

Mari plans to put successful nan preservation and modernization of ATG theaters and successful nan assemblage experience, adding Mari’s “creative power will beryllium a beardown component,” said Mark Shapiro, main investor and Mari committee personnel successful a statement. The institution besides said it intends to create caller opportunities for section artists and broaden entree to unrecorded theater.

After nan woody closes, ATG will proceed to run nether its existing leadership, Mari said.

“MARI understands unrecorded intermezo and what matters astir to ATG: our theaters, nan group down them and nan relationships we person built pinch producers, artists and audiences,” said Melanie Smith, world CEO of London-based ATG Entertainment. “That makes MARI nan correct location for our adjacent chapter.