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
Forest Road Acquisition Corp., a special purpose acquisition company (or Spac) backed by the eponymous entertainment finance firm with a Hollywood-heavy roster of advisors has found its target, announcing plans to buy digital fitness specialist Beachbody Company and take it public.
The transaction involves a three-way merger between the Forest Road Spac, Myx Fitness Holdings, an at-home connected fitness platform, and Santa Monica-based Beachbody. The deal values the combined business at $2.9 billion and is expected to add over $420 million of cash to the balance sheet.
This is one of the first high-profile entertainment Spac-backed acquisitions by an explosion of financial vehicles also called “blank check” companies. Backers, in this case Forest Road, assemble seasoned executives and advisors, create a Spac, take it public and start looking for an operating company to acquire. Merging with a Spac is a faster, easier way for a private company to go public.
“When we raised our Spac,...
The transaction involves a three-way merger between the Forest Road Spac, Myx Fitness Holdings, an at-home connected fitness platform, and Santa Monica-based Beachbody. The deal values the combined business at $2.9 billion and is expected to add over $420 million of cash to the balance sheet.
This is one of the first high-profile entertainment Spac-backed acquisitions by an explosion of financial vehicles also called “blank check” companies. Backers, in this case Forest Road, assemble seasoned executives and advisors, create a Spac, take it public and start looking for an operating company to acquire. Merging with a Spac is a faster, easier way for a private company to go public.
“When we raised our Spac,...
- 2/10/2021
- by Jill Goldsmith
- Deadline Film + TV
Entertainment finance firm Forest Road and a team of A-list media insiders from Tom Staggs to Kevin Mayer have closed a $300 million IPO of a new Spac – a special purpose acquisition vehicle they’ll use to buy a private company in media, tech or telecom.
SPACs, which are exploding, are basically empty publicly traded vessels with investors and, in this case, seasoned managers, that go public and find private companies to merge with – taking them public in turn in a process that’s faster, easier and cheaper than a traditional initial public offering. Ideally the SPACs offer industry expertise in the transition to public company status and beyond.
Units of the Forest Road Spac now trade on the New York Stock Exchange under the ticker symbol Frx and can start to approach merger candidates to discuss deals. Forest Road chief executive Zachary Tarica, who is also chairman and chief investment officer of the Spac,...
SPACs, which are exploding, are basically empty publicly traded vessels with investors and, in this case, seasoned managers, that go public and find private companies to merge with – taking them public in turn in a process that’s faster, easier and cheaper than a traditional initial public offering. Ideally the SPACs offer industry expertise in the transition to public company status and beyond.
Units of the Forest Road Spac now trade on the New York Stock Exchange under the ticker symbol Frx and can start to approach merger candidates to discuss deals. Forest Road chief executive Zachary Tarica, who is also chairman and chief investment officer of the Spac,...
- 11/30/2020
- by Jill Goldsmith
- Deadline Film + TV
Almost 30 years after the Muppet Babies first won the hearts of kids and families around the world, Disney Junior’s reimagined “Muppet Babies” chronicles the hilarious playroom antics of a young Kermit the Frog, Piggy, Fozzie Bear, Gonzo and Animal – plus a brand-new Muppet Baby, Summer Penguin. Under the watchful eye of Miss Nanny, the Muppet Babies use their imaginations to embark on countless adventures that take them to the farthest corners of the universe and demonstrate to young viewers the power and potential of imaginative play.
Voice Cast: Matt Danner as Kermit the Frog; Melanie Harrison as Piggy; Dee Bradley Baker as Animal; Ben Diskin as Gonzo; Eric Bauza as Fozzie Bear; Jessica Dicicco as Summer Penguin; and Jenny Slate as Miss Nancy
Executive Producer: Tom Warburton
Supervising Director: Matt Danner
Songwriter:: Andy Bean
Composer: Keith Horn
Episodes: Sir Kermit the Brave/Animal Fly Airplane
Super Fabulous vs. Captain...
Voice Cast: Matt Danner as Kermit the Frog; Melanie Harrison as Piggy; Dee Bradley Baker as Animal; Ben Diskin as Gonzo; Eric Bauza as Fozzie Bear; Jessica Dicicco as Summer Penguin; and Jenny Slate as Miss Nancy
Executive Producer: Tom Warburton
Supervising Director: Matt Danner
Songwriter:: Andy Bean
Composer: Keith Horn
Episodes: Sir Kermit the Brave/Animal Fly Airplane
Super Fabulous vs. Captain...
- 8/11/2018
- by Tom Stockman
- WeAreMovieGeeks.com
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.