The Anschutz Corporation is a privately-held

Privately held company

A privately held company or close corporation is a business company owned either by non-governmental organizations or by a relatively small number of shareholders or company members which does not offer or trade its company stock to the general public on the stock market exchanges, but rather the...

 holding company

Holding company

A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...

 headquartered in Denver, Colorado

Denver, Colorado

The City and County of Denver is the capital and the most populous city of the U.S. state of Colorado. Denver is a consolidated city-county, located in the South Platte River Valley on the western edge of the High Plains just east of the Front Range of the Rocky Mountains...

. It was started in 1958 by Fred Anschutz, an wildcatter

Wildcatter

A wildcatter is an American term for a person who drills wildcat wells, which are oil wells drilled in areas not known to be oil fields. A wildcatter notable for his success was Texan oil tycoon Glenn McCarthy....

, and the father of Philip Anschutz

Philip Anschutz

Philip Frederick Anschutz is an American entrepreneur. Anschutz bought out his father's drilling company in 1961 and earned large returns in Wyoming. He has invested in stocks, real estate and railroads...

, who took over the company in 1962.

The Anschutz Corporation, and affiliates Anschutz Company and Anschutz Investment Company, are vehicles

Legal personality

Legal personality is the characteristic of a non-human entity regarded by law to have the status of a person....

 for the diversified investments for Anschutz; the latter is a venture capital

Venture capital

Venture capital is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as...

 firm with minority stakes in sectors such as mass media, entertainment, sports, telecommunications, energy, and transportation. Larger investments include Anschutz Entertainment Group

Anschutz Entertainment Group

The Anschutz Entertainment Group is a sporting and music entertainment presenter and a subsidiary of The Anschutz Corporation. It is the world's largest owner of sports teams and sports events, the owner of the world’s most profitable sports and entertainment venues, and under AEG Live the world's...

 (AEG) and the Regal Entertainment Group

Regal Entertainment Group

Regal Entertainment Group also known as REG is a movie theater chain headquartered in Knoxville, Tennessee. Regal operates the largest and most geographically diverse theater circuit in the United States, consisting of 6,775 screens in 548 locations in 39 states and the District of Columbia as of...

.