Ropes & Gray Represents Weather Group in the Sale of its Company to Entertainment Studios
Ropes & Gray represented Weather Group, and its majority equity holders Bain Capital and The Blackstone Group, in the sale of its company to Entertainment Studios, Inc., one of the largest independent producers and distributors of film and television. The transaction was announced on March 22.
Weather Group, parent company of The Weather Channel television network and Local Now streaming service, has been the leader in severe weather coverage for more than 35 years. The Weather Channel has provided the most comprehensive analysis of any media outlet and serves as the nation’s only 24-hour source of national storm coverage.
The Ropes & Gray team was led by private equity partners Matthew Richards and Newcomb Stillwell, tax partner Aaron Harsh, finance partner Jay Kim, benefits partner Loretta Richard and IP transactions partner Edward Black.