Range Media Partners has secured a minority investment from a group including Liberty Global and Tpg founding partner David Bonderman’s family office Wildcat Capital Management.
Family entertainment company Playground Productions is also a participant in the new round, terms of which were not disclosed. The new investors join an existing roster of backers, among them A+E Networks and hedge fund billionaire Steve Cohen’s Point72 Ventures.
In announcing the deal, Range said it would help “spur growth initiatives and strategic acquisitions.”
Since Deadline broke news of the formation of Range in 2020 with a bunch of best and brightest who left CAA, WME and other posts, the management/production concern has slowly expanded its operations into entertainment sports, music, digital, advertising and other sectors.
Over the past year, Range solidified its film capabilities by merging with La La Land production company Automatik. The firm also set out a sports strategy...
Family entertainment company Playground Productions is also a participant in the new round, terms of which were not disclosed. The new investors join an existing roster of backers, among them A+E Networks and hedge fund billionaire Steve Cohen’s Point72 Ventures.
In announcing the deal, Range said it would help “spur growth initiatives and strategic acquisitions.”
Since Deadline broke news of the formation of Range in 2020 with a bunch of best and brightest who left CAA, WME and other posts, the management/production concern has slowly expanded its operations into entertainment sports, music, digital, advertising and other sectors.
Over the past year, Range solidified its film capabilities by merging with La La Land production company Automatik. The firm also set out a sports strategy...
- 4/23/2024
- by Dade Hayes
- Deadline Film + TV
Entertainment finance firm Forest Road has launched its second Spac with Kevin Mayer and Tom Staggs as co-CEOs and co-chairs. Units of Forest Road Acquisition Corp. II started trading today on the New York Stock Exchange as the execs begin the search for a target company in the tech, media, telecommunications or consumer space.
Mayer, previously of Walt Disney and TikTok, was recently named chairman of sports streaming service Dazn. He and Staggs, a former COO and CFO of Disney, are directors and investors of Forest Road. They were advisors for the firm’s first Spac, which recently acquired digital fitness specialist Beachbody. The pair will be taking a more active role in this second Spac.
SPACs, special purpose acquisition companies also called “blank-check” vehicles, are basically shells that go public to look for private companies to buy. There are hundreds of SPACs announced or already trading amid market concerns...
Mayer, previously of Walt Disney and TikTok, was recently named chairman of sports streaming service Dazn. He and Staggs, a former COO and CFO of Disney, are directors and investors of Forest Road. They were advisors for the firm’s first Spac, which recently acquired digital fitness specialist Beachbody. The pair will be taking a more active role in this second Spac.
SPACs, special purpose acquisition companies also called “blank-check” vehicles, are basically shells that go public to look for private companies to buy. There are hundreds of SPACs announced or already trading amid market concerns...
- 3/10/2021
- by Jill Goldsmith
- Deadline Film + TV
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