LeBron James’ content company SpringHill is in advanced talks to secure a significant strategic investment from a consortium including Fenway Sports Group, RedBird Capital and Nike, insiders told Variety.
While the NBA legend and his longtime business partner Maverick Carter have expressly told potential suitors they are not looking for a full acquisition, sources said the new investment partners would flush the operation with cash and value the entity between $650 million and $700 million. A representative for SpringHill did not immediately return requests for comment.
While this deal will be structured differently from, say, the recent $900 million transaction around Reese Witherspoon’s Hello Sunshine, it places SpringHill firmly in the mix of the M&a craze consuming Hollywood.
Nike was previously reported to be eyeing the shop that helped make “Space Jam: A New Legacy,” but the arrival of RedBird and Fsg to the table alludes to James and Carter’s ambitions.
While the NBA legend and his longtime business partner Maverick Carter have expressly told potential suitors they are not looking for a full acquisition, sources said the new investment partners would flush the operation with cash and value the entity between $650 million and $700 million. A representative for SpringHill did not immediately return requests for comment.
While this deal will be structured differently from, say, the recent $900 million transaction around Reese Witherspoon’s Hello Sunshine, it places SpringHill firmly in the mix of the M&a craze consuming Hollywood.
Nike was previously reported to be eyeing the shop that helped make “Space Jam: A New Legacy,” but the arrival of RedBird and Fsg to the table alludes to James and Carter’s ambitions.
- 9/15/2021
- by Matt Donnelly
- Variety Film + TV
LeBron James and Maverick Carter are combining their three media companies to create The SpringHill Company, with backing from major investors including Chernobyl producer Sister and a powerful new board.
Sister will invest in The SpringHill Company alongside financial services companies Guggenheim Investments and Uc Investments, as well as investor Jason Stein’s Sc.Holdings. Bloomberg reported that the backing was worth $100M.
The company’s new board will include Elisabeth Murdoch, Serena Williams, Apollo Global Management co-founder Marc Rowan, investment banker Paul Wachter, Live Nation CEO Michael Rapino, and Tom Werner, the Boston Red Sox chairman.
The SpringHill Company comprises James and Carter’s production outfit SpringHill Entertainment, media and consumer product vehicle Uninterrupted and The Robot Company, the brand agency. The companies are responsible for productions including Graduate Together, Space Jam: A New Legacy and The Wall.
James said: “I’ve always wanted to use the platform of...
Sister will invest in The SpringHill Company alongside financial services companies Guggenheim Investments and Uc Investments, as well as investor Jason Stein’s Sc.Holdings. Bloomberg reported that the backing was worth $100M.
The company’s new board will include Elisabeth Murdoch, Serena Williams, Apollo Global Management co-founder Marc Rowan, investment banker Paul Wachter, Live Nation CEO Michael Rapino, and Tom Werner, the Boston Red Sox chairman.
The SpringHill Company comprises James and Carter’s production outfit SpringHill Entertainment, media and consumer product vehicle Uninterrupted and The Robot Company, the brand agency. The companies are responsible for productions including Graduate Together, Space Jam: A New Legacy and The Wall.
James said: “I’ve always wanted to use the platform of...
- 6/25/2020
- by Jake Kanter
- Deadline Film + TV
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