4 days ago
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An American backstage equity steadfast is snapping up a controlling involvement successful a British-based institution which collects royalties connected behalf of Hollywood studios including The Walt Disney Company and Amazon-owned MGM.
Sky News understands that Great Hill Partners has struck a woody to instrumentality bulk ownership of Motion Picture Licensing Company (MPLC), which was enactment up for merchantability earlier this year.
MPLC's existing backstage equity backer, Tenzing, is understood to beryllium rolling implicit portion of its involvement and volition stay an capitalist arsenic portion of the transaction, according to insiders.
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The worth of the woody was unclear connected Tuesday, though it is estimated to beryllium worthy respective 100 cardinal pounds.
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.
The institution was founded successful 2004, and is based successful Sussex.
Bankers astatine Guggenheim Securities are understood to person advised Tenzing connected the process.
Tenzing has been contacted for comment.
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