Screen rights licensing giant sets bumper sale in motion

A institution which collects royalties connected behalf of Hollywood studios including The Walt Disney Company and Amazon-owned MGM is being enactment up for merchantability successful an auction expected to fetch hundreds of millions of pounds.

Sky News has learnt that Motion Picture Licensing Company (MPLC), which is backed by backstage equity investors, is moving with bankers astatine Guggenheim Securities connected a sale.

A root adjacent to 1 prospective bidder said they had been contacted to gauge their involvement successful a woody successful caller days.

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MPLC, which describes itself arsenic the starring planetary supplier of audio-visual nationalist show licences, streamlines the process for companies and different organisations which privation to legally show contented successful nationalist places specified arsenic offices, transport hubs oregon pubs.

The institution issues a licence known arsenic a broad licence, encompassing thousands of content-owners, meaning licensees tin beryllium definite they are complying with copyright laws.

Among the different rights-holders it represents are Marvel Studios, CNN, Dreamworks and NBCUniversal, which - similar Sky News - is yet owned by New York-listed Comcast.

MPLC has been part-owned by Tenzing, a backstage equity firm, since 2019.

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Prospective bidders said they anticipated that a merchantability would beryllium lucrative for its existing shareholders, with a valuation of respective 100 cardinal pounds.

The institution was founded successful 2004, and is based successful Sussex.

Tenzing declined to comment.