A small business owner is investing $ 300 million in Opry Entertainment Group

NASHVILLE, Tenn. (WTVF) – A small investor will now apply to Opry Entertainment Group, which manages many of Nashville’s entertainment venues from Grand Ole Opry to the Ryman Auditorium.

Atairos – an independent investment company with its strategic partner NBCUniversal – will invest in 30% ownership. Managing and owning the Opry Entertainment Group is Ryman Hospitality Properties – a real estate trust that deals with entertainment and hotel experiences around town. The investment is worth $ 300 million between Atarios and NBCUniversal.

Ryman Hospitality Properties will remain the majority of owners.

“Over the past decade, we have shared our excitement about the bright future of our entertainment business and the important opportunities for quality production that exist as we expand our global reach and transfer OEG to this platform. in the context of national health, “said chairman and CEO Colin Reed. .

Reed says the team decided to find a strategic partner behind unsolicited interests. He said this was part of an effort to grow the Opry Entertainment team where it operates independently from Ryman Hospitality Properties.

“Atairos and NBCUniversal are very grateful for the well-known assets under our management, and we are committed to protecting and preserving them for future generations of music lovers,” said Reed. . “We regard this partnership as an important opportunity to strengthen these popular institutions and strengthen their influence in American music culture. We remain focused on establishing long-term sustainable value for our owners as We are looking for new ways to connect producers and followers with one of the – exciting experiences. “

What experiences does RHP + OEG oversee and invest:

  • Grand Ole Opry
  • Ryman Auditorium
  • WSM Radio
  • Ole Red
  • Wildhorse Saloon
  • General Jackson Showboat
  • Ole Red and Blake Shelton
  • Sedikadikwe TV

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