Broadway Licensing Sold to Concord: Proskauer Advises
Deal News | May 08, 2025 | Proskauer Rose (UK) LLP
Proskauer, an international law firm, advised on the sale of Broadway Licensing Global (BLG) to Concord, the leading independent music company. This acquisition encompasses BLG's imprints such as Broadway Licensing, Dramatists Play Service, Playscripts, and Stage Rights, integrating them into Concord Theatricals. However, Stageworks and the Broadway On Demand streaming service were not part of this deal. Concord Theatricals, established in 2018, holds significant influence in the theatrical sector with substantial catalogs and connections. Proskauer's team involved in this transaction included key legal experts specializing in M&A, tax, litigation, and intellectual property, emphasizing Proskauer's extensive expertise and global presence in guiding transformative and complex transactions.
Sectors
- Entertainment & Media
- Legal Services
Geography
- United States – The key companies, Concord and Proskauer, as well as some of the authors and rights holders mentioned, are based in the U.S., highlighting its relevance.
Industry
- Entertainment & Media – The acquisition involves key players in the theatrical and music entertainment sector, as it deals with theatrical licensing and publishing.
- Legal Services – Proskauer's involvement as a legal advisor showcases the legal advisory services needed for M&A transactions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Proskauer Rose (UK) LLP | Legal Advisor | Company | An international law firm acting as the legal advisor for the sale. |
| Broadway Licensing Global | Target Company | Company | A global entity known for its theatrical licensing and publishing imprints. |
| Concord | Bidding Company | Company | A leading independent music company acquiring Broadway Licensing Global. |
| Jeff Horwitz | Partner at Proskauer | Person | Led the Proskauer team advising on this transaction. |