Summary
Millennium Entertainment, the distribution arm of Avi Lerner's Nu Image, officially went up for sale back inApril 2013. Now there is a deal from within after entities like Luc Besson's EuropaCorp kicked the tires: TheMillennium Entertainment management team led by CEO Bill Lee and private investment firm VirgoInvestment Group are teaming to acquire Millennium's catalog assets andfilm distribution platform from a consortium including majority owner Nu Image. That company, run by AviLerner and Trevor Short, owns a 6o% stake, Nigel Sinclair and Guy East's White Horse Pictures has a 2o%stake and hedge fund Prentice Capital the other 20%.
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