A+E Networks has taken a minority stake in management and production firm Range Media Partners. No financial details are being disclosed but the stake is believed to be in the high teens percent and the deal in the $50 million ballpark, with Range’s valuation at around $300 million. That is a hefty valuation, especially for a company that is just a year and a half old. It is close to what one of Hollywood biggest, most established management-production companies, 3 Arts, sold for in 2018 after 27 years in the business.
The investment, spearheaded by Paul Buccieri, President & Chairman, A+E Networks, and Range CEO Peter Micelli, will see A+E Studios, A+E Networks’ production arm led by Barry Jossen, become a co-production partner for scripted TV projects emerging from Range. It also gives A+E Networks, which operates the likes of A&e, History and Lifetime, a first-look deal on factual television content...
The investment, spearheaded by Paul Buccieri, President & Chairman, A+E Networks, and Range CEO Peter Micelli, will see A+E Studios, A+E Networks’ production arm led by Barry Jossen, become a co-production partner for scripted TV projects emerging from Range. It also gives A+E Networks, which operates the likes of A&e, History and Lifetime, a first-look deal on factual television content...
- 3/4/2022
- by Nellie Andreeva and Peter White
- Deadline Film + TV
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