EXCLUSIVE: The Content Group, the flagship division of Steve Michaels’ Asylum Entertainment Group, has acquired reality production company Collins Avenue Entertainment, which is behind Lifeti…
Jodi Flynn, President of TCG, will oversee the company.Collins Avenue marks the first acquisition for TCG, which was launched in 2018 when Michaels bought back Asylum Entertainment from Legendary.
TCG is the biggest of AEG’s portfolio of companies that also includes international scripted drama-focused Clovis Entertainment and podcast division Audity. “Acquisitions are an integral part of our strategy as we continue to step forward in building a diversified content business,” said, Michaels, CEO of TCG and AEG. “Collins Avenue is a perfect fit for our company.”
Financial terms were not disclosed. Two years ago, Kew Media paid $104 million for six companies, the biggest of which, Content Media Corporation , brought in the five companies it controlled, including Collins Avenue.Dance MonsKew Media has been undertaking a strategic review of the business with the company open to being split up or sold.
There has been chatter that Kew Media Group may be bought by private equity investors, which would delist the company from the stock market. An asset sale could be another route, if the deal for Collins Avenue is any indication.Subscribe to
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