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Search resuls for: "International Media Investments"


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Jeff Zucker’s bid for Tory titan-hood has come to an end. The media executive on Tuesday formally abandoned his attempt to take the reins of London’s Daily Telegraph, bailing out after British political and news leaders balked at Mr. Zucker’s reliance on Emirati financiers to bankroll the effort. Mr. Zucker’s venture company, RedBird IMI, had sought government approval to complete a debt-for-equity deal that would hand it control of The Telegraph and its sister magazine, The Spectator. Because of the withdrawal, other prospective owners may now attempt to purchase the publications. “Our ownership would have seen the strongest editorial protections ever put forward for a U.K. newspaper, along with much-needed investment,” a RedBird IMI spokesperson said in a statement.
Persons: Jeff Zucker’s, , Sheikh Mansour bin Zayed al Nahyan Organizations: London’s Daily Telegraph, Mr, RedBird IMI, The Telegraph, The, IMI, The Spectator, RedBird, Media Investments, United Locations: Abu Dhabi, United Arab Emirates
An Abu Dhabi-backed investment fund said Monday it has paved the way to take ownership of Britain's Telegraph newspaper and The Spectator magazine after striking a deal with the publications' previous owners to repay debts owed by them. The Barclay family owned the right-leaning newspaper and magazine nefore they were put into receivership. Various media firms have been reported to be interested in taking over the publications, including German publisher Axel Springer and the Daily Mail's publisher. The fund said the deal includes an option to turn the loans into equity which would give it ownership control of the newspaper and magazine. Lenders for the Barclay family would need to agree to the deal, which is expected to attract a high level of political scrutiny.
Persons: Abu, Jeff Zucker, Media Investments —, Britain's Barclay, Barclay, Axel Springer Organizations: Britain's Telegraph, The Spectator, IMI, RedBird, CNN, Abu Dhabi's, Media Investments, Lloyds Bank, Ritz Hotel, Daily, International Media Investments Locations: Abu Dhabi, German
Insider broke down 11 top media companies with Middle Eastern backing or partnerships. Middle Eastern investment has poured into US media and entertainment, and US media companies have been eager recipients. Here's a rundown of 11 key Western media and entertainment companies, listed alphabetically, that have licensing and investment partnerships with Middle Eastern entities. Jimmy Finkelstein's news startup The Messenger has Middle Eastern funding via its acquisition of IMI-backed startup Grid, which is now shuttered. The North Road, Peter Chernin and Providence Equity's production roll-up, took a $150 million investment in January from the Qatar Investment Authority, Qatar's main investment vehicle, to support its expansion.
Persons: Peter Chernin, Jeff Zucker, Uber, Jamal Khashoggi's, Saudi Crown Prince Mohammed bin Salman, , hasn't, Mohammed bin Salman, SRMG, Abu, Abu Dhabi's, Jimmy Finkelstein's, BeIn, Stone, Ian Orefice, WBD Organizations: Providence, North, IMI, ex, CNN, Public Investment Fund, Blackstone, Washington Post, Saudi Crown, Saudi, Guardian, Media, Bloomberg Media, Saudi Research, Media Group, Media Investments, CNN Business, Abu Dhabi Media Investment Corporation, Sky News Arabia, Business, Independent, SRMG, Miramax, BeIn, Paramount, Qatar Investment Authority, Penske Media Corporation, Billboard, Variety, Penske, Vox Media, New York, Billboard Arabia, RedBird Capital, Mideast, MBC Group, MBC, Fortress Investment Group, Investment, Warner Bros Locations: Saudi Arabia, Qatar, UAE, West, Saudi, Abu Dhabi, ViacomCBS, SRMG
Investors in Saudi Arabia, Qatar, and United Arab Emirates are pouring money into Western media and entertainment. Sovereign funds and other entities in Saudi Arabia, Qatar, and the UAE are pouring millions into US media and entertainment, and they're finding plenty of takers. The channels for money from Saudi Arabia and other parts of the Middle East are complex. Insider broke down the key entities — their owners, leaders, and high-profile investments and joint ventures — in the top three Middle Eastern nations pouring money into US entertainment and media. It describes itself as the largest media company in the Middle East and North Africa and runs one of the largest TV news channels, Al Arabiya.
Persons: Jamal Khashoggi's, Saudi Crown Prince Mohammed bin Salman, , WME, Jimmy Finkelstein's, Abu Dhabi's, It's, Yasir Al, Rumayyan, Waleed bin Ibrahim Al Ibrahim, Sam Barnett, Peter Smith —, Christina Wayne, SRMG, Mohammed bin Salman, Alrashid, Johnny Depp, Jeanne du Barry, Sharon Stone, Bruno Mars, Luca Guadanigno, Vince McMahon's, Turki Al, Mohammed bin Abdulrahman bin Dayel, Mansoor bin Ebrahim Al, Mahmoud, Peter Chernin, Nasser Al, Germain, BeIN, Sheikha Al Mayassa bint Hamad, Khalifa Al, Vincent, Asghar Farhadi's Oscar, Nart Bouran, JAF, Jeff Zucker, Graydon Carter's, it's, Semafor, Sheikh Mansour bin Zayed Al Nahyan, Sheikh Mansour, Sultan Ahmed Al Jaber Organizations: United, Sovereign, Saudi, Washington Post, Saudi Crown, Endeavor, UFC, IMI, Abu Dhabi Media Investment Corporation, Public Investment Fund, Saudi Aramco, Newcastle United, English football, PGA, MBC, Shahid, Netflix, Vice Media, Variety, MBC Group's, Antenna Group, Cineflex Studios, NBCUniversal International, Amazon, AMC, Saudi Research, Media, Publicly, Red Sea, Cannes, Penske Media Corporation, Bloomberg Media, Vince McMahon's WWE, country's General Entertainment Authority, Development, Cultural Development Fund, George Washington University, American University . Qatar Qatar Investment, Qatar Investment Authority, Providence, BeIN Media, Paris Saint, Miramax, Paramount, Doha Film, Doha Film Institute, H.E, Hollywood Reporter, United Arab Emirates Abu, Investment Authority, UAE, Abu, Abu Dhabi Investment Authority, Hollywood, Dubai Studio, Dubai Media City, National Geographic, BBC News, International Media Investments International Media Investments, National, CNN, Sky News Arabia, Reuters, JAF Communications, Grid, RedBird Capital Partners, Punchbowl News, New York Times, Manchester City, The, Abu Dhabi National Oil Company Locations: Saudi Arabia, Qatar, United Arab Emirates, UAE, Saudi, East, North Africa, Al Arabiya, Netherlands, Greece, Dubai, Jeddah, SRMG, Riyadh, Doha, Europe, Americas, ViacomCBS, Qatari, Thani, Abu Dhabi
Since leaving CNN a year ago, Jeff Zucker, the network’s former president, has been on the hunt for deals, flush with $1 billion in backing from big investors in the worlds of media and finance. In addition to Mr. Zucker, the key players in the new venture, known as RedBird IMI, are Gerry Cardinale, the chief executive and founder of RedBird, and Sultan Ahmed Al Jaber, an Emirati government minister who has spearheaded many of IMI’s investment conversations in the United States. Mr. Cardinale is the chief investment officer of RedBird IMI, and Mr. Al Jaber is chairman. RedBird is committing $250 million to the venture, and IMI has agreed to commit the remaining $750 million. The men gathered to discuss business last fall in a suite overlooking a Formula 1 racetrack in Abu Dhabi.
Persons: Jeff Zucker, Zucker, Gerry Cardinale, Sultan Ahmed Al Jaber, Cardinale, Al Jaber, RedBird Organizations: CNN, RedBird Capital Partners, International Media Investments, United Arab, IMI Locations: United Arab Emirates, United States, Abu Dhabi
Zucker's firm, RedBird IMI, is reportedly one of three investors circling a majority stake in Air Mail. Jeff Zucker's media venture, RedBird IMI, is exploring a majority stake in Graydon Carter's startup Air Mail, The New York Times reported. It is one of three investors circling Air Mail, according to the Times. Carter, who spent 25 years leading Condé Nast's Vanity Fair, launched Air Mail — "a lively digital weekly for the world citizen," per its website — in 2019. In May 2021, as he was seeking investors for the series B, Carter told Insider he expected Air Mail to reach profitability in three years.
Persons: Jeff Zucker, Graydon Carter's, Zucker, Jeff Zucker's, Carter, Condé, Axios, RedBird, Zucker's, Chris Licht, David Zaslav, Licht, Donald Trump, Zaslav, Carter cohosted Organizations: CNN, IMI, Air Mail, Morning, RedBird IMI, The New York Times, RedBird Capital Partners, Abu, Media Investments, Air, Times, Standard Investments, TPG Growth, Warner Bros, Discovery, Cannes Film Locations: Abu Dhabi, Zaslav
Governments and investors in the Middle East are pouring money into Western media and entertainment. Sovereign funds and other entities in Saudi Arabia, Qatar, and the UAE are pouring millions into US media and entertainment, and they're finding plenty of takers. The channels for money from Saudi Arabia and other parts of the Middle East are complex. Insider broke down the key entities — their owners, leaders, and high-profile investments and joint ventures — in the top three Middle Eastern nations pouring money into US entertainment and media. It describes itself as the largest media company in the Middle East and North Africa and runs one of the largest TV news channels, Al Arabiya.
Sovereign funds and other entities in Saudi Arabia, Qatar, and the UAE are pouring millions into US media and entertainment. Insider identified some key people connecting Middle East investors with American companies. Saudi Arabia is trying to pitch itself to the world as a cultural and economic reformer and spur tourism. Vince McMahon's WWE has a long-term partnership with the Kingdom of Saudi Arabia, with a major live WWE event there slated for May. Vince McMahon's WWE was one of the first US companies to create unique events in Saudi Arabia.
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