TPG, a private equity company, completed the acquisition of a majority stake in Untitled Entertainment, a management company, from Boat Rocker, a media company, for $38m. "Collaborating with Untitled over the last five years has opened the door to strong partnerships and talent relationships. This exciting new opportunity to carry on doing business with Untitled, as well as partner with world-class investor TPG, enables us to maintain our ties to the representation space while we focus on our core business: owned IP. Through our partnership with the Company, we're also delighted to continue working with Michel and Eric, two extremely capable individuals who possess a deep understanding of the talent management business. Given continued uncertainty in the market, we believe more strongly than ever that using our capital and corporate resources to maximize control over our destiny and provide the most flexibility in our IP strategy is the best path forward," Ivan Schneeberg and David Fortier, Boat Rocker Co-Executive Chairmen and Co-Chairmen.