Leadership Change at Ambassador Theatre Group

ggersten said: "Will ATG continue expansion - or is it being set up for a big sale in a few years?"

ATG in the UK is the equivalent of the Shuberts, so I highly doubt they will be selling off in a way that would mean ATG would no longer exist. That said, ATG and Sonia Friedman Productions are owned under a large venture capital group same as one of the main Broadway ad agencies. So, in theory, they could all be sold off and the general public wouldn't know because the entities would still remain in tact, but just change hands on the back end.

OhHiii said: "...ATG and Sonia Friedman Productions are owned under a large venture capital group same as one of the main Broadway ad agencies.."

They are controlled by Providence Equity but not necessarily wholly owned by it. It seems like there is a bundle of ownership including another Equity firm and then there is also a shareholder structure.

Equity firms are unfortunately famous for extracting value from the companies they purchase and then discarding them when the short term profit schemes they've subjected them to no longer deliver.

Updated On: 10/16/23 at 04:42 PM