Second City Comedy Brand Sold to Strauss Zelnick's Private Equity Firm

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In July, The Second City was facing an existential crisis. Its namesake improv theaters in Toronto, Los Angeles and Chicago had shuttered amid the COVID-19 pandemic, effectively eliminating all revenue overnight.

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The Second City, the famed Chicago improv comedy outfit, has been acquired by private equity firm ZMC, whose founder and managing partner is longtime media figure Strauss Zelnick.

Brent Lang Executive Editor of Film and MediaThe Second City, a legendary theater that has nurtured generations of top comics, has sold to ZMC, a private equity firm run by Strauss Zelnick. Terms of the deal were not disclosed.

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