Theatre. Advance Publications, parent of magazine publisher Condé Nast, has acquired Stage Entertainment, one of the world’s largest theatre producers and owners, operating 20 theatres with shows attended by over 7m visitors annually. It bought the company from CVC private equity. It entertains audiences in the Netherlands, Germany, Spain, France, Italy, Russia, UK and US. Leading productions include Disney’s The Lion King and Aladdin, Mamma Mia!, Mary Poppins, Anastasia and Tina: the Tina Turner Musical. Stage Entertainment employs more than 3,000 people worldwide. Stage Entertainment closed its UK office in 2016 but continues to have productions in London. Transaction terms were not disclosed. Does this diversification increase or reduce the chances of a magazine-consolidating ‘merger’ between Conde Nast and Hearst Corp’s magazines division?
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Condé Nast parent buys theatre company
