BlackRock, Oaktree Seize Movie Servicer With $900 Million Debt

BlackRock Inc.’s HPS and Brookfield Corp.’s Oaktree Capital Management took over a firm that provides lighting, rigging and other services for Hollywood productions, wiping out as much as $900 million of debt as the global entertainment industry struggles with changing economics, according to people with knowledge of the deal.

By John Gittelsohn and Silla Brush