Advance Completes Acquisition Of Stage Entertainment

Stage Entertainment is one of the world's largest theatre producers and owners, operating 20 theatres and partnering with world-renowned creative talent to produce shows attended by over seven million visitors annually. The company entertains audiences in the Netherlands, Germany, Spain, France, Italy, Russia, the United Kingdom and the United States. Leading titles include Disney's The Lion King and Aladdin, Mamma Mia!, Mary Poppins, Anastasia and Tina: the Tina Turner Musical. Stage Entertainment employs more than 3,000 people worldwide. In the course of the current season, Stage Entertainment will open ten new musical productions including Paramour in Hamburg, a co-production with Cirque du Soleil; the German production of Tina: the Tina Turner Musical as well as the roll-out of Anastasia in Stage Entertainment's network of theatres including Madrid, Stuttgart and The Hague as well as productions planned for Mexico, Japan, Brazil and Australia.

Advance is a family-owned company founded in 1922 that operates and invests in a broad range of media, communications and technology businesses globally. Its European interests include Condé Nast brands such as Vogue, Vanity Fair, GQ and Wired, and Leaders, the sports conference business, as well as video programming brands Eurosport and Discovery through its ownership stake in Discovery. Advance recently embarked on a multi-billion dollar capital redeployment initiative to accelerate diversification while fostering growth and transformation.

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