The American Play Company (APC), recently led by Michael Douglas and Mark Shankman, has been acquired by the theatrical division of International Literary Properties (ILP).

Founded in 2020, ILP manages a diverse portfolio of literary and theatrical estates, including works by Somerset Maugham and Langston Hughes.

Michael Barra, CEO of ILP Theatrical, emphasized the importance of APC's works in American theatre history and looks forward to collaborating with Douglas and Shankman.

Michael Douglas expressed enthusiasm for the future of the American Play Company and its legacy, anticipating fruitful collaboration with ILP.

Mark Shankman became Douglas' partner in 2019, playing a significant role in managing the catalog's involvement in major productions like the musical 'Chicago' and the upcoming film remake of 'Guys & Dolls.'

APC has a storied history dating back to the 1880s, representing notable figures such as George Bernard Shaw, Jerome Kern, and J.M. Barrie.

Originally founded by Elisabeth Marbury in 1914, APC evolved through mergers with other legacy companies, becoming a prominent agency by 1930.

The company was led by producer Sheldon Abend from the early 1960s until 1999, when Michael Douglas acquired it to focus on developing properties for film and television.

ILP's acquisition includes the literary estates of celebrated writers like Damon Runyon and Cornell Woolrich, whose works inspired classic musicals and films.

The acquisition marks a new chapter for APC, which has a rich legacy in American theater and literature.