Equinox Fitness Funding, Investors & Competitors

Disney operates in three global business segments: entertainment, sports, and experiences. Entertainment and experiences both benefit from the firm’s ownership of iconic franchises and characters. Entertainment includes the ABC broadcast network, several cable television networks, and the Disney+ and Hulu streaming services. Within the segment, Disney also engages in movie and television production and distribution, with content licensed to movie theaters, other content providers, or, increasingly, kept in-house for use on Disney’s own streaming platform and television networks. The sports segment houses the ESPN family of TV networks and streaming services. Experiences contains Disney’s theme parks, cruises, and vacation destinations and also engages in merchandise licensing.

Live Nation is the largest live entertainment company in the world, serving as a concert promoter, venue operator, and ticketing platform. In addition, the firm generates revenue from sponsorships and advertising. With offices in 51 countries, Live Nation promotes concerts globally and it owned, operated, or had exclusive booking rights to more than 400 venues worldwide at the end of 2025, which the firm says makes it the second-largest operator of music venues globally. In 2025, Live Nation promoted nearly 55,000 events, drawing roughly 160 million fans. Ticketmaster is a dominant global ticketing service, selling nearly 650 million tickets in 2025.

Oriental Land is a prominent Japanese company primarily known for its ownership and operation of the Tokyo Disney Resort. It includes two theme parks, Tokyo Disneyland and Tokyo DisneySea, as well as hotels, shopping, and dining facilities. Oriental Land collaborates closely with The Walt Disney Company under a licensing agreement until 2076. This partnership has been instrumental in establishing Tokyo Disney Resort as one of the leading tourist destinations in Japan, attracting millions of visitors annually from domestic and international markets. Beyond its entertainment ventures, Oriental Land has also ventured into real estate development and operates Ikspiari, a retail and entertainment complex adjacent to Tokyo Disneyland.

Life Time Group Holdings is an American operator of premium athletic country clubs headquartered in Chanhassen, Minnesota, listed on the New York Stock Exchange as LTH. Bahram Akradi founded the business as FCA Ltd in 1990, registered it as Life Time Fitness in 1992, and remains chairman and chief executive. Its clubs are large multi-use centres combining fitness floors, studios, pools, tennis and pickleball courts, spas, cafés and childcare; it operated 189 centres in the US and Canada at the end of 2025 after opening ten that year. Revenue comes mainly from monthly membership dues, averaging $223 in late 2025, plus in-centre services such as personal training, spa and café sales; it had about 822,000 centre memberships. It also runs a free Life Time app, coworking and residential offerings, and athletic events such as the Leadville Race Series, Unbound Gravel and the Miami Marathon. In 2025 it reported revenue of $2.995 billion and net income of $373.7 million, with more than 44,000 employees. TPG and Leonard Green & Partners took the company private in March 2015 in a deal worth over $4 billion, and it returned to the NYSE in 2021.

Founded in 1932, Toho traces its roots to Kobayashi Ichizo's Takarazuka Revue enterprise, building the Tokyo Takarazuka Theater as its flagship stage for musical theater. Today, Toho is Japan's largest film distribution and exhibition company, operating the Toho Cinemas chain and best known for its Godzilla franchise. In 2012, Toho launched an in-house anime unit. Toho also runs a real estate segment, earning stable income mainly from office, retail, and hotel properties in prime central Tokyo locations such as Hibiya and Yurakucho.

Madison Square Garden Sports Corp. (MSG Sports) is an American professional sports holding company based in New York City that owns the NBA's New York Knicks and the NHL's New York Rangers, together with their development affiliates, the Westchester Knicks of the NBA G League and the Hartford Wolf Pack of the AHL. The business traces back to the Madison Square Garden Corporation, which created the Rangers in 1926 and was a charter member of the NBA with the Knicks in 1946. Cablevision spun off the Knicks, Rangers, Madison Square Garden and MSG Network as an independent public company in 2010; in 2015 its sports and entertainment assets were separated into a new Madison Square Garden Company, which in 2020 was renamed Madison Square Garden Sports Corp. and spun off its entertainment arm as Madison Square Garden Entertainment. MSG Sports earns revenue from ticket sales, local and national media rights, sponsorship, suites and merchandise, and reported revenue of $1.6 billion in 2018 as the predecessor Madison Square Garden Company. James L. Dolan is executive chairman and controls the voting stock.

Light & Wonder is principally an electronic gaming machine manufacturer, selling machines to pubs, clubs, and casinos. The firm is licensed in most jurisdictions allowing gambling globally. Light & Wonder is one of the three largest players in the space along with International Game Technology and Aristocrat Leisure. SciPlay, about one fourth of revenue, develops and distributes casual mobile games, principally in the social casino niche. The more nascent iGaming business sits between these two businesses, providing digital content and capabilities to real-money gaming providers.

Benefit Systems SA is a Polish provider of employee benefit programmes headquartered in Warsaw and listed on the Warsaw Stock Exchange since April 2011, where it is a member of the mWIG40 index. Its best-known product is the MultiSport card, a subscription that employers buy for staff and their families giving access to more than 15,000 sports and recreation facilities in Poland and abroad and over 55 activities, with 1.6 million active users and about 35,000 corporate clients. It also sells MyBenefit, a cafeteria platform for managing non-wage benefits; Multi.Life, a well-being platform covering mental health, nutrition and personal development; BenefitLunch meal subscriptions; and vouchers for cinemas, theatres, museums and zoos. The company operates in Poland, Bulgaria, Croatia, the Czech Republic, Slovakia and Turkey. It earns mainly subscription fees paid by employers and employees. Recent acquisitions include the online mental-health platform Wellbee in 2024 and Turkey's MACFit fitness chain, owned by Mars Spor Kulübü, in 2025.

Cinemark Holdings Inc is a geographically diverse operator in the motion picture exhibition industry in the United States. The company generates revenue from filmed entertainment box office receipts and concession sales, with additional revenue from screen advertising, screen rentals, and other revenue streams, such as transactional fees, vendor marketing promotions, studio trailer placements, meeting rentals, and electronic video games located in some of the theatres. Cinemark manages its business under two reportable segments: U.S. markets and international markets. The majority of its revenue is generated from the U.S. markets segment.

Planet Fitness Inc is a franchisor and operator of fitness centers in the United States. The company's reportable segments are Franchise, Corporate-owned stores, and Equipment. Franchise segment includes operations related to its franchising business in the United States, Puerto Rico, Canada, Panama, Mexico and Australia, Corporate-owned stores segment includes operations with respect to all corporate-owned stores throughout the United States and Canada, and The Equipment segment includes the sale of equipment to franchisee-owned stores in the U.S. The firm generates a majority of its revenue from the Corporate-owned stores segment.

Atlanta Braves Holdings Inc is a holding company. It operates through its wholly-owned subsidiary, which is the owner and operator of the Atlanta Braves Major League Baseball Club and the mixed-use real estate development, The Battery Atlanta, and is the operator of the Atlanta Braves Major League Baseball Club’s stadium, Truist Park. The company predominantly derives revenue related to the Braves baseball franchise and Truist Park from ticket sales, concessions, local broadcasting rights, advertising sponsorships, suites and premium seat fees, retail and licensing revenue, shared MLB revenue streams, including national broadcasting rights and licensing, and other sources. The company's reportable segments include: Baseball which generates key revenue, and Mixed-Use Development.

OneSpaWorld Holdings Ltd is an operator of health and wellness centers onboard cruise ships and an operator of health and wellness centers at destination resorts all over the world. It offers a suite of premium health, fitness, beauty, and wellness services and products. The services provided by the company include body, salon, and skin care services and products, fitness classes and personal fitness training and pain management, detoxifying programs, and comprehensive body composition analyses among others. The company has only one single segment of Maritime and Destination Resorts.

Aman Resorts is a Baar-headquartered luxury hospitality group operating 36 properties across 20 countries including Indonesia, Japan, Thailand, and the United States. Properties occupy remote natural sites such as tropical islands, mountain retreats, and urban oases, each with 20 to 80 rooms for personalized service. The portfolio encompasses resorts, hotels, private residences, and branded residences developed in partnership with local architects. Aman Resorts debuted in 1988 with Amanpuri on Phuket's Pansea Beach.

AMC Entertainment is the world's largest movie theatre operator, headquartered in Leawood, Kansas, and trading as AMC Theatres. It runs about 860 theatres with roughly 9,600 screens, including 593 theatres in the United States and 353 in Europe, where it owns the Odeon and UCI chains. It earns revenue from ticket admissions and food and beverage sales at its cinemas. The company was founded in Kansas City, Missouri, on December 20, 1920 by the Dubinsky brothers, whose chain became Durwood Theatres and later American Multi-Cinema. China's Wanda Group owned a majority stake from 2012 to 2018; AMC acquired Odeon Cinemas, UCI Cinemas and Carmike Cinemas in 2016 to become the largest chain in the world, and Silver Lake invested $600 million in September 2018. During the COVID-19 closures AMC raised new financing, short squeezes in early 2021 led Silver Lake to convert its debt to equity, and Wanda's stake had been diluted to 0.002% by May 2021. The shares are listed on the New York Stock Exchange under the ticker AMC.

Hudle is an India-based sports tech platform operating in over 75 cities for discovering and booking venues, online fitness classes, tournaments, and coaching in sports like football, badminton, tennis, cricket, box cricket, swimming, basketball, table tennis, golf, pickleball, padel, and rock climbing. The marketplace aggregates verified facilities, events, memberships, and player matching via mobile app and web platform with multiple payment options and easy cancellations.

Imax Corp is a technology platform for entertainment and events. Through its proprietary software, auditorium architecture, patented intellectual property, and specialized equipment, IMAX offers end-to-end solution to create superior, immersive content experiences for which the IMAX brand is globally renowned. The Company has two reportable segments being Content Solutions and Technology Products and Services. The Company leverages its proprietary technology and engineering in all aspects of its business, which principally consists of the IMAX film remastering and the sale or lease of premium IMAX theater systems.

Zūm is a Redwood City, California-headquartered provider of child transportation services for schools and families in the San Francisco Bay Area, Los Angeles, Orange County, and San Diego. Founded in 2015, it uses vetted drivers, GPS routing, and parent apps for on-demand rides and district contracts.

Strava is a San Francisco-headquartered mobile app for athletes tracking runs, bike rides, hikes, and swims via GPS, aggregating data on distance, elevation, and pace. The platform hosts 100 million user accounts, integrates with Garmin and Apple Watch devices, and organizes virtual challenges with leaderboards across segments in 190 countries.