Sean Cercone, president of Playscripts Inc. (Photo: Matt Simpkins)

Sean Cercone, president of Playscripts Inc., has purchased Broadway Licensing, an imprint of the Playscripts company.

With the backing of The Antelope Group, a private live-entertainment investment firm, Cercone purchased the theatrical licensing company from former owner Elliott Azrak. The acquisition also includes the ownership of Playscripts and of theatrical development company Stageworks Media.  

Cercone created the Broadway Licensing imprint with Azrak in 2017, and it has since acquired titles including “A Bronx Tale,” “Escape to Margaritaville,” “Summer” and “Head Over Heels.”

“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,” Cercone said in the press release. “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 author’s musicals and plays on more stages around the world.”

Before joining Broadway Licensing in 2017, Cercone was the chief business officer and senior vice president of professional and international licensing for Theatrical Rights Worldwide.