Azoff MSG Entertainment Acquires 50% of Levity Entertainment Group
June 10, 2014

Azoff MSG Entertainment (AMSGE), the joint venture between Azoff Music Management and the Madison Square Garden Company, announced today the acquisition of a 50 percent stake in Levity Entertainment Group (LEG). Partnership with LEG, a national platform of live comedy venues, a premier comedy and reality television content production unit, talent management and online digital services, bolsters AMSGEs growing portfolio of media companies. 

We are thrilled to have LEG join the AMSGE family, said Irving Azoff, CEO of AMSGE. Robert Hartmann, Stu Schreiberg, Norm Aladjem, and Judi Brown-Marmel have built a unique ecosystem to identify talent and provide them with career and content opportunities that extend across multiple distribution platforms worldwide.

The vertically integrated company is one of the largest buyers of live comedy in the U.S., servicing tours, festivals, cruise lines and its own network of comedy clubs. Additionally, the company currently represents approximately 70 artists including Jeff Dunham, Jenny McCarthy and Aaron McGruder, and has produced over 1000 hours of television programming. LEGs digital group, which provides social media services to individuals and brands, also owns Sideshow Network, a comedy and lifestyle podcast aggregator currently averaging over 5 million downloads per month.

"The partnership with AMSGE brings us a wealth of resources and relationships that will further allow us to grow our clients' careers and our overall business," said LEG CEO Robert Hartmann. "There is only one Irving - his knowledge and experience is unprecedented.  I also happen to think he has a promising future as a stand-up."

Levity Entertainment Group was created in a 2009 merger between Levity Management and Triage Entertainment. LEG has four divisions: Live, Management, Production and Digital.  

Over the past 12 months, AMSGE has also acquired interests in Burns Entertainment; Pop2Life, an experiential marketing company; and Digital Brand Architects, a digital management and creative services company.

LionTree Advisors acted as financial advisor on the acquisition




 
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Jon Zellner
SVPP, iHeartMedia

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