![]() ![]() “ are the people who principally create value on the sales side and on the bodies, the eyeballs side. 30, when asked about the decision to partner with RedBird on Artists Equity, which will release three projects in 2023 and aims to scale up to five annually. The bet is that when it comes to A-list talent, every studio will still want a shot at the project, in turning leading to better economics for the stars and their own studios.Īffleck said as much at The New York Times Dealbook Summit Nov. Other players in the space include Gerry Cardinale’s RedBird Capital, which holds stakes in LeBron James’ SpringHill, and Ben Affleck and Matt Damon’s Artists Equity, and Peter Chernin’s North Road.Īll are looking to celebrity-driven enterprises as a sort of hedge against the entertainment oligopolies, with access to consumers increasingly consolidating with a few studios who also happen to own their own distribution platforms (Netflix, Disney, Apple, Paramount, etc). subsidiary in conjunction with the deal.Ĭandle Media acquired Reese Witherspoon’s Hello Sunshine, as well as a minority stake in Will Smith and Jada Pinkett-Smith’s Westbrook Entertainment. “This partnership will allow us to create a unique artistic link between Europe and the United States through which we and Plan B will develop premium independent content, providing a global platform on which the world’s greatest talent can continue to thrive,” Capton said in a statement. Mediawan was founded in 2015 by French telecom billionaire Xavier Niel, investment banker Matthieu Pigasse and producer Pierre-Antoine Capton, with the goal of rolling up various production and entertainment entities, pursuing a similar strategy to that of Candle Media in the U.S.Īnd like Candle Media, Mediawan is looking to celebrity-backed production companies as acquisition targets, with Plan B marking a strategic expansion in the U.S. Grey, who led Paramount Pictures after his run at Plan B, died in 2017. Pitt became sole owner of the company after he and Aniston divorced in 2005. ![]() Plan B was founded in 2001 by Pitt and Jennifer Aniston, who were married at the time, as well as his manager Brad Grey. The production company is run by Pitt as well as presidents Dede Gardner and Jeremy Kleiner. ![]() Michael Cera Says Ben Affleck Was Supposed to Make a Cameo During 'Barbie' Fight Scene Mediawan backers KKR, Atwater Capital, Bpifrance, MACSF, and Société Générale all contributed to the financing of the new deal. ![]() Pitt will retain a minority stake in the firm, which was behind films like She Said and Moonlight and TV shows like The Underground Railroad and The OA. Mediawan said that it has acquired a majority stake in Plan B in a deal that reportedly values the studio in the low hundreds of millions of dollars. The latest move comes courtesy of Plan B Entertainment, the production company owned by actor Brad Pitt, which has been sold to French media conglomerate Mediawan, the companies announced Friday afternoon. Big stars, who have already amassed fame and fortune in front of the camera, are increasingly securing generational wealth for their work behind the camera. The global economy might be on the brink of shambles, but the celebrity-entertainment industrial complex shows no sign of slowing down. ![]()
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |