3 Arts Entertainment Retains Investment Bank To Explore Possible Sale
3 Arts Entertainment has retained the independent investment bank Moelis & Co. to explore possible options, including a sale. The Beverly Hills-based management and production company retained Moelis about six months ago, sources say.
Founded in 1991, 3 Arts gradually has became a comedy powerhouse with a strong client roster and a producing slate that includes such popular TV series as Brooklyn Nine-Nine, Insecure, Unbreakable Kimmy Schmidt, Silicon Valley, Baskets, It’s Always Sunny In Philadelphia and The Mindy Project,
This exploratory process is an ongoing one that started long before the recent attention brought to the firm by revelations about the sexual misconduct of one of its high-profile clients, Louis C.K. which he confirmed and apologized for,
3 Arts, which proceeded to fire C.K., is said to be evaluating its options.