Ron Howard and Brian Grazer are looking to sell their Imagine Entertainment banner, TheWrap has learned.
The company has retained JP Morgan for strategic guidance. The sale could allow global merchant bank Raine Group, Imagine’s main investor since 2016, to exit. Imagine is profitable, but its revenue and potential sale value are unknown.
An individual with knowledge of the discussions told TheWrap that Howard and Grazer tapped JP Morgan as they were receiving inbound offers.
Imagine Entertainment has considered selling before. In 2022, it discussed selling a majority stake to London investment firm Centricus for $600-800 million, as TheWrap previously reported.
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