Emerald Holding Acquisition, Valuation & Financials

Amsterdam-launched in 2006, PICNIC acts as a European incubator and accelerator fostering cross-industry collaborations on technology applications for business, social, and environmental challenges through events and informal networking.

Pursuit Attractions and Hospitality Inc is an attractions and hospitality company that owns and operates a collection of inspiring and unforgettable experiences at iconic destinations across the United States, Canada, Iceland and Costa Rica. Its elevated hospitality offerings include point-of-interest attractions and distinctive lodges, as well as integrated restaurants, retail options, and transportation that allow visitors to discover and connect with breathtaking national parks and renowned travel locations.

Nashville-based Opry Entertainment Group is the parent company of the Grand Ole Opry, offering live performances, streaming events, and artist development since its founding in 2019. The platform hosts over 200 shows annually at the Opry House, featuring country stars like Blake Shelton and Carrie Underwood. It streams content on Circle Country TV and partners with Ryman Hospitality for venue management.

PVR INOX Ltd is a diversified media company engaged in the film entertainment industry. The company has two primary business segments, which includes Movie exhibition, and Others. The Movie exhibition business segment which derives key revenue, operates a chain of movie theaters, generating revenue through ticket sales, food and beverage sales, and in-cinema advertising. The Other business segment operates complementary ventures such as movie production, distribution and gaming, etc. The company generates the vast majority of its revenue in India.

ONE Championship is a Singapore-based combat sports promotion and media company operated by Group ONE Holdings. It was founded on 14 July 2011 as ONE Fighting Championship by Chatri Sityodtong, who remains chairman and chief executive, and Victor Cui, and held its first event in September 2011; it took its current name in January 2015. Originally a mixed martial arts promotion, it now stages MMA, muay thai, kickboxing and submission grappling bouts, has held more than 200 events across Asia, and runs the flagship numbered series, ONE Fight Night cards aimed at North America, and the weekly ONE Friday Fights series at Bangkok's Lumpinee Stadium, launched in 2023. The company earns money from media rights, sponsorship, ticketing and digital content; its broadcast partners include Amazon Prime Video, which holds US and Canadian rights from 2022 to 2027, beIN Sports and the Seven Network. In October 2018, when its fights were broadcast in 136 countries, it raised a $166 million Series D led by Sequoia Capital with Temasek and Greenoaks Capital at an implied $1 billion valuation; it raised $150 million more in 2021 at a reported $1.35 billion valuation, and in 2022 it moved the parent company's legal domicile from Singapore to the Cayman Islands.

Matchroom Sport is a British sports promotion and media company headquartered in Brentwood, Essex, that owns, produces and promotes sporting events worldwide. Founded in 1982 by Barry Hearn, it runs businesses across 12 sports, including Matchroom Boxing, the Professional Darts Corporation, the World Snooker Tour, pool, golf and other events, and it represents athletes such as boxers Anthony Joshua and Katie Taylor. The group produces more than 600 event days and about 2,500 hours of original programming a year, with a library of some 20,000 hours, and supplies content to virtually every major sports broadcaster. It earns revenue from media rights sold to broadcasters and streaming platforms, sponsorship, ticketing and event hosting fees, and athlete representation. The Hearn family controls the business, with Barry Hearn as president and his son Eddie Hearn as chairman. In May 2026 Bruin Capital acquired a 15% stake that valued Matchroom at more than GBP 1 billion, joining the board to support growth, particularly in the United States.

Kakao M is a Seoul-based music and entertainment label merged into Kakao Entertainment in 2021, formerly LOEN Entertainment founded in 1978. It produces albums for artists like IU and Zico, distributes tracks via Melon streaming service, and manages talent agencies for actors in dramas such as Hotel Del Luna. Kakao M handles concert production at venues like KSPO Dome, film investments including Parasite collaborations, and publishing rights for K-pop catalogs.

NZ Rugby (New Zealand Rugby, NZR) is the governing body of rugby union in New Zealand, headquartered in Wellington with an office in Auckland. It was founded at a meeting in Wellington in April 1892 as the New Zealand Rugby Football Union, affiliated to the International Rugby Football Board in 1949, and shortened its name in 2006. NZR selects and manages the national representative teams, including the All Blacks, the Black Ferns and the sevens sides, represents New Zealand in World Rugby, runs domestic competitions with its 26 provincial unions and promotes participation in the community game. It has a staff of about 90 people and is led by chief executive Steve Lancaster. Broadcasting rights are a core income source: NZR helped form SANZAAR, now shared with the South African, Australian and Argentine unions, which sells television rights for major southern hemisphere competitions. In June 2022 its provincial unions approved Project Future, under which US technology investor Silver Lake invested NZ$200 million at a NZ$3.5 billion valuation for a 5.71% to 8.58% stake in NZR CommercialCo, a new entity holding all NZR's revenue-generating activities.

Songcheng Performance Development Co Ltd operates in the performing arts industry. The company is engaged in the operation of Live performances, tourism and leisure, and Internet performance in China.

Alisports (阿里体育, now renamed Orange Lion Sports) is the sports arm of Alibaba Group, founded in Shanghai's Yangpu district in September 2015 by Alibaba with Sina and Yunfeng Capital. It was led from its founding by chief executive Zhang Dazhong, a former vice president of Shanghai Media Group. It was set up to apply Alibaba's e-commerce, media, cloud computing, big data and payments capabilities to China's sports industry. Early businesses included event rights and operations, ticketing, sports e-commerce and broadcasting. In 2016 it launched the World Electronic Sports Games (WESG) esports tournament with the International e-Sports Federation, and the first edition drew about 63,000 participants from 125 countries. It won exclusive operating and marketing rights to the Hangzhou Marathon for 2018 to 2021 and has run China's university basketball league (CUBAL). In April 2017 it raised a Series A of about RMB 1.2 billion (roughly US$190 million) led by Yunfeng Capital. In 2022 it renamed itself Orange Lion Sports (橙狮体育) and now focuses on running and upgrading public sports venues under the 乐动力 (Le Dong Li) brand. These include centres in Beijing, Tianjin, Shanghai, Hangzhou, Suzhou, Chongqing, Chengdu and Shenzhen.

GL Events is a France-based company engaged in providing facilities for meetings: congresses and conventions, cultural, sporting, institutional, and corporate events, trade shows, and exhibitions for professionals and the general public. It has three business divisions, namely GL events Live: Provides turnkey solutions for all events, whatever the format, from the consulting phase through to production. GL events Exhibitions: Design, Production, and Management of Professional Trade Shows and Consumer Exhibitions to Promote Key Sectors. GL events Venues: Manages a network of over 60 event venues around the world-convention and exhibition centers, arenas, etc.

Smith Entertainment Group is a sports and entertainment holding company based in Salt Lake City, Utah, controlled by Qualtrics co-founder Ryan Smith and his wife Ashley Smith. The Smiths bought the NBA's Utah Jazz from the Miller family in 2020 for $1.66 billion, and SEG joined David Blitzer in buying Major League Soccer's Real Salt Lake in January 2022. SEG also operates the downtown Salt Lake City arena formerly known as Vivint Arena, now the Delta Center. In 2024 it acquired the hockey assets of the Arizona Coyotes and launched a National Hockey League franchise in Utah, now named the Utah Mammoth. The group earns revenue from ticket sales, sponsorship, media rights, arena events and concessions across its teams and venues.

Corporación Interamericana de Entretenimiento is a Mexican live-entertainment and experiential-marketing company. It produces and promotes concerts, theatre, family shows, festivals and sporting events, and operates venues used for public and corporate programs. Through its marketing businesses, CIE designs brand activations, sponsorship programs, trade events and customer experiences for corporate clients. The group has also participated in amusement parks, ticketing, advertising and event hospitality businesses across Latin America. CIE serves consumers buying event admission as well as brands and institutions commissioning marketing programs. Its shares trade on the Mexican stock exchange.

Suning Sports is the sports arm of Chinese retail and property conglomerate Suning Holdings Group, headquartered in Nanjing, Jiangsu, and incorporated as Jiangsu Suning Sports Industry Co., a joint venture of Suning Holdings, which owned 90% at the end of 2016, and Suning Appliance Group. It built a business spanning sports media, over-the-top streaming, sports retail and youth training. Its digital platform PP Sports bought Chinese broadcast rights to major football competitions, including the Premier League, La Liga, Serie A, Ligue 1, the Chinese Super League and, from 2018-19, exclusive television and online rights to the Bundesliga for five seasons, along with AFC competitions and WWE, earning revenue from subscriptions and advertising. It opened its first flagship fan store in Nanjing in 2017, planning 152 stores by 2020, and developed grassroots training programmes. Through its Hong Kong subsidiary Suning Sports International, it sits above Great Horizon, the vehicle through which Suning bought a majority stake in Inter Milan in 2016, and the group also owned Chinese Super League club Jiangsu Suning. In July 2018 Suning Sports raised a $600 million Series A led by Goldman Sachs and Alibaba, with Evergrande, Yunfeng Capital, SenseTime, CCB International and others, valuing it at about $2.6 billion. Under financial strain, Suning halted operations at its Chinese football clubs, including champions Jiangsu, in February 2021.

Funshine Culture Group Co Ltd is engaged in different types of business in various art events and cultural activities both domestically and internationally, including planning, art creation and design, stage arts design, urban landscape construction and the lighting and audio project designing theatre and art venues. The company operates in four segments namely events and stage lighting; landscape lighting and interpretation; multimedia creative production; live performance and cultural tourism synthesis services.

Runs the Bombay Exhibition Centre in Mumbai and owns IT park space and other commercial property. It also has an engineering business making industrial equipment and a food business. Based in Mumbai.