The Chernin Group and Night, Inc. are launching Night Capital, a new investment company with commitments of 100 million, to acquire established consumer-facing companies in partnership with leading talent.
Alexandra Moore, a former executive from Amazon who focused on mergers and acquisitions, will lead Night Capital as its founding managing director.
Tcg has also invested directly in Night, where Tcg co-founder and partner Mike Kerns will be joining the board.
Night Capital directors include Night founder and CEO Reed Duchscher, Night president Ezra Cooperstein, Moore, Kearns and Tcg principal Jacob Smilovitz.
“Night has been at the forefront of the talent ecosystem and the communities built on the internet. Night Capital will be a unique new investment vehicle enabling creators to be true equity owners and participate in building long-lasting enterprise value,” said Duchscher, who is the manager of YouTube megastar Jimmy Donaldson, aka Mr. Beast.
“We are really excited to be working with Reed,...
Alexandra Moore, a former executive from Amazon who focused on mergers and acquisitions, will lead Night Capital as its founding managing director.
Tcg has also invested directly in Night, where Tcg co-founder and partner Mike Kerns will be joining the board.
Night Capital directors include Night founder and CEO Reed Duchscher, Night president Ezra Cooperstein, Moore, Kearns and Tcg principal Jacob Smilovitz.
“Night has been at the forefront of the talent ecosystem and the communities built on the internet. Night Capital will be a unique new investment vehicle enabling creators to be true equity owners and participate in building long-lasting enterprise value,” said Duchscher, who is the manager of YouTube megastar Jimmy Donaldson, aka Mr. Beast.
“We are really excited to be working with Reed,...
- 9/13/2022
- by Jill Goldsmith
- Deadline Film + TV
Peter Chernin is going all-in on building an independent content studio with global reach backed with up to 800 million in financing from private equity giants Providence Equity Partners and Apollo.
The media investor and former Fox chief has formed The North Road Company after quietly acquiring the U.S. production assets of Red Arrow Studios in a deal with Germany’s ProSiebenSat.1 said to be worth about 180 million.
The Red Arrow units will combine with the existing Chernin Entertainment banner as the backbone of the new venture that will focus on producing movies, scripted and unscripted TV programs and documentaries, among other content. As part of the North Road transaction, Chernin has also acquired the remaining 50 of Words + Pictures, the documentary production company that Chernin launched last year with ESPN alum Connor Schell and Chernin Entertainment’s Jesse Jacobs.
Chernin will serve as chairman and CEO of North Road. Chernin...
The media investor and former Fox chief has formed The North Road Company after quietly acquiring the U.S. production assets of Red Arrow Studios in a deal with Germany’s ProSiebenSat.1 said to be worth about 180 million.
The Red Arrow units will combine with the existing Chernin Entertainment banner as the backbone of the new venture that will focus on producing movies, scripted and unscripted TV programs and documentaries, among other content. As part of the North Road transaction, Chernin has also acquired the remaining 50 of Words + Pictures, the documentary production company that Chernin launched last year with ESPN alum Connor Schell and Chernin Entertainment’s Jesse Jacobs.
Chernin will serve as chairman and CEO of North Road. Chernin...
- 7/6/2022
- by Cynthia Littleton
- Variety Film + TV
Click here to read the full article.
The Chernin Group co-founder Peter Chernin is rolling up three content studios into one new mega-project, backed by 800 million in financing from two private equity firms.
Chernin is launching The North Road Company, a global multi-genre film and TV studio that will include ownership of Chernin Entertainment (Ford v Ferrari, New Girl); and Words + Pictures (The ESPYs), the venture launched by former ESPN executive Connor Schell, and which was backed by Chernin.
But North Road is also in the market for acquisitions, with the first being the U.S. assets of Red Arrow Studios (Love Is Blind, The Circus).
The purchase price for Red Arrow Studios’ U.S. assets was 180 million, according to a source familiar with the deal. Red Arrow had been owned by Germany’s ProSiebenSat.1 Group, which had been looking at potential deal opportunities since before the pandemic.
“I...
The Chernin Group co-founder Peter Chernin is rolling up three content studios into one new mega-project, backed by 800 million in financing from two private equity firms.
Chernin is launching The North Road Company, a global multi-genre film and TV studio that will include ownership of Chernin Entertainment (Ford v Ferrari, New Girl); and Words + Pictures (The ESPYs), the venture launched by former ESPN executive Connor Schell, and which was backed by Chernin.
But North Road is also in the market for acquisitions, with the first being the U.S. assets of Red Arrow Studios (Love Is Blind, The Circus).
The purchase price for Red Arrow Studios’ U.S. assets was 180 million, according to a source familiar with the deal. Red Arrow had been owned by Germany’s ProSiebenSat.1 Group, which had been looking at potential deal opportunities since before the pandemic.
“I...
- 7/6/2022
- by Alex Weprin
- The Hollywood Reporter - Movie News
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