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Second City Sells to Private Equity Company ZMC

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variety.com

Brent Lang Executive Editor of Film and MediaThe Second City, a legendary theater that has nurtured generations of top comics, has sold to ZMC, a private equity firm run by Strauss Zelnick.

Terms of the deal were not disclosed. Variety first broke the news in October that the Second City was on the block.Zelnick is the chairman and CEO of Take-Two Interactive, the video game giant behind “Grand Theft Auto” and “Red Dead Redemption,” and is the former chairman of CBS Corporation.

In Second City, ZMC gets an institution, one that provided an early lift to the careers of John Belushi, Gilda Radner, Bill Murray, Tina Fey, Amy Poehler and Stephen Colbert, among many others.

Read more on variety.com
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