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Second City Sells to Private Equity Company ZMC
Brent Lang, provided by
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Variety first broke the news in October that the Second City was on the block.
Zelnick is the chairman and CEO of Take-Two Interactive, the video game giant behind “Grand Theft Auto” and “Red Dead Redemption,” and is the former chairman of CBS Corporation. In Second City, ZMC gets an institution, one that provided an early lift to the careers of John Belushi, Gilda Radner, Bill Murray, Tina Fey, Amy Poehler and Stephen Colbert, among many others. Second City also teaches classes on improvisational comedy and has successfully built up a business of working with corporate clients that has helped it weather the downturn in live events during the pandemic. But it’s also a company that has faced criticism for its lack of diversity and allegations of institutional racism.