Broadway Licensing has been purchased by the company's president Sean Cercone, with backing from The Antelope Group, from its former owner, Venturesome's Elliott Arzak.

The sale also includes Broadway Licensing subsidiaries Playscripts Inc. (licensor of such shows as High Fidelity, Clue: On Stage, and Glory Days) and Stageworks Media, a production company behind such works as Peter and the Starcatcher, It Shoulda Been You, and Matilda.

Cercone joined Playscripts Inc. as its president in 2017 after serving as chief business officer and senior vice president of Theatrical Rights Worldwide. He created the Broadway Licensing imprint with Azrak, acquiring the licensing rights to A Bronx Tale, Escape to Margaritaville, Summer: The Donna Summer Musical, Head Over Heels, Gettin' the Band Back Together, and BKLYN in its first year.

“I’m thrilled to provide authors a licensing approach that gives highly personalized treatment to their titles by a deeply motivated team of theatre professionals at the core,” said Cercone. “By purchasing Broadway Licensing, Playscripts, and Stageworks Media, I’m able to ensure that there will always be an aggressive long-term global strategy for each and every show we are honored to represent, built on strong industry relationships and resulting in our authors' musicals and plays on more stages around the world.”

For more information, visit BroadwayLicensing.com.