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Act III Communications
Act III Communications is a diversified media and entertainment company owned by TV producer Norman Lear. It was started in 1985 following Lear's sale of Embassy/Tandem/TAT to The Coca-Cola Company. In a Wall St. Journal interview in 1988, Lear explained the name by noting that in a Shakespeare play there are always more than three acts and that he expects there to be an Act IV and V.〔(SPY Magazine "King Lear" June 1989 )〕〔''Wall St. Journal'' April 8, 1988〕 Act III is Lear's business vehicle and is unconnected to his other activities as a political activist and philanthropist.
==Act III notable investments and ventures==
Among the many activities of Act III Communications are a minority interest in Village Roadshow Pictures(VRP); an ownership interest in Concord Music Group (later merged with VRP to create Village Roadshow Entertainment Group); Act III Broadcasting; Act III Theatres; Act III Publishing; and Act III Television, a joint venture formed with Columbia Pictures in February 1989;〔("Norman Lear, Columbia Form Joint TV Venture" ''Los Angeles Times'' February 2, 1989 )〕〔("Lear Joins With Columbia To Produce TV, Not Manage" ''New York Times''February 2, 1989 )〕 and Act III Merchandising which handles the merchandising for "The Princess Bride" among other properties. Act III Broadcasting was divested for approximately $500 million in 1994/95 to ABRY Partners; Act III Theatres was divested to KKR in 1997 for just under $700 million while Concord Music Group was divested in 2013 to Wood Creek Capital for $115 million. Act III/Lear continue to own the two Rob Reiner directed films it produced, ''Stand By Me'' and ''The Princess Bride''. Act III/Lear continues to hold an interest in Village Roadshow Pictures/Village Roadshow Entertainment.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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