Announced
Completed
Financials
Tags
Acquisition
United States
Friendly
Single Bidder
Private Equity
Private
music brands
entertainment provider
Entertainment
Minority
Domestic
Completed
Synopsis
Atairos, an independent strategic investment company, and NBCUniversal, an American multinational mass media and entertainment conglomerate, completed the acquisition of a 30% stake in Opry Entertainment Group, which owns iconic and emerging country music brands, from Ryman Hospitality Properties, a hotel, resort, entertainment, and media company, for $296m. "OEG’s dynamic collection of entertainment venues, digital content and iconic country music brands provide a strong foundation for continued growth as a fully-integrated country lifestyle platform. We are excited to partner with the RHP and OEG teams to explore new content distribution strategies and support their ambition of becoming the leading player in country lifestyle live entertainment and media content," Michael Angelakis, Atairos Chairman and CEO.
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