DIRS.INFO The most relevant business & tech news

☆ A PE firm that's built its brand on high-profile sports deals is broadening its scope
▼ + stars: | 2023-01-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

But one firm that's already well established in the space is looking to quietly diversify itself beyond the pitch. With seemingly everyone interested in sports these days, Cardinale is smart to want to hedge his firm. The crypto exchange also agreed to pay $50 million to improve how it vets customers and transactions. Mala Gaonkar's hedge fund just made its long-awaited debut. SurgoCap Partners entered the fray this week with $1.8 billion in capital, making it the biggest launch of a women-led hedge fund, Bloomberg reports.

☆ NFL to Make Sports Content With Skydance, the Production Firm Behind ‘Top Gun: Maverick’
▼ + stars: | 2022-11-15 | by ( Joe Flint | ) www.wsj.com time to read: 1 min

The NFL already has a vast film library—NFL Films—that it uses to create content for its NFL Network and other platforms. The National Football League and Skydance Media are teaming up to create sports-related content, the NFL’s latest push to broaden its business beyond football and move into mainstream entertainment. The NFL’s investment arm 32 Equity and Skydance Media each will make substantial investments into Skydance Sports, a unit of the production company that will become the vehicle for the co-venture, the league and Skydance said. Terms of the venture weren’t disclosed.

☆ Production Company Behind ‘Top Gun: Maverick’ Raises Capital
▼ + stars: | 2022-10-14 | by ( Robbie Whelan | ) www.wsj.com time to read: 1 min

Fresh off the success of “Top Gun: Maverick,” David Ellison , one of Hollywood’s wealthiest heirs, has raised a new round of capital to expand deeper into animation, videogames and sports-related programming. Skydance Media, the production company founded by Mr. Ellison, who is the son of billionaire Oracle Corp. founder Larry Ellison , has raised $400 million in new capital, valuing Skydance at more than $4 billion, the company said Thursday.

☆ Kevin Hart sold a $100 million stake in his media company to private equity firm Abry. Here are 10 more Hollywood production shops that are hot M&A targets.
▼ + stars: | 2022-05-19 | by ( Natalie Jarvey | Elaine Low | Madeline Berg | ) www.businessinsider.com time to read: +12 min

Abry Partners' $100 million stake in Kevin Hart's company HartBeat is the latest big M&A move in Hollywood. Dealmakers said production companies are valuable amid the streaming wars and demand for content. The M&A activity had top Hollywood dealmakers telling Insider in early 2022 that practically every independent production company is a target. Many production companies make work-for-hire or don't control the rights to a project once it is sold off to a studio distributor. Based on January interviews with five entertainment industry experts and insiders, Insider identified a list of 10 production companies that could be compelling acquisition targets as M&A activity continues.

Search resuls for: "Skydance Media"

4 mentions found