Broadway Journal

IS BLACKSTONE BROADWAY’S NEXT BIG LANDLORD?

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EXCLUSIVE: The billion-dollar question on Broadway and the West End: Who will buy ATG Entertainment, an increasingly dominant force in live theater.

Blackstone Inc., the private equity and real estate giant led by billionaire Stephen Schwarzman, is rumored to be exploring a takeover of the multinational producer and theater owner, after acquiring a minority stake last year. Buying all of ATG Entertainment from another private equity company, Providence Equity Partners, would be one of commercial theater’s priciest transactions ever.Continue Reading

JUJAMCYN PROFIT REVEALED IN RARE DISCLOSURE

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Broadway investors stand to lose about $200 million on the 2023-24 season’s flops. For Jujamcyn Theaters, the Broadway landlord, it was a different story.

Jujamcyn earned a profit of $34 million on revenue of $116 million in the year ending March 30, 2024. The disclosure, in a filing in the U.K. by Jujamcyn’s new parent, ATG Entertainment, is the first time in memory that a major commercial Broadway theater owner shared its financials.Continue Reading

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