Dark
Light
Today: July 1, 2024
April 24, 2024
1 min read

Billionaire Backs Range Media in Major Investment Deal


TLDR:

  • Range Media Partners received a minority investment from investors including David Bonderman, Liberty Global, and Rick Hess.
  • The investment values the business at nearly $400 million and will support growth initiatives and strategic acquisitions.

Range Media Partners, a talent representation and content production firm founded in 2020 by Hollywood agents, has secured a minority investment from a group of investors including private equity billionaire David Bonderman, Liberty Global, and Rick Hess. The company, known for representing talent across film, TV, and music, has also expanded into sports representation with over 75 clients, including NFL players and track star Gabby Thomas.

The latest funding round, which is undisclosed in size, values Range Media Partners at nearly $400 million. The investment will support the company’s growth initiatives, strategic acquisitions, and market position in the U.S. and internationally. The business philosophy of Range Media Partners is centered around talent as the core for building scripted and unscripted content, as well as other businesses and experiences.

Investors in the current round include Playground Productions and Forest Road Asset Management. The company also plans to expand its production capabilities and develop a music publishing division. This strategic investment is expected to further strengthen Range Media Partners’ presence in the industry and drive its growth in various verticals, including media rights, athlete marketing, and sports entertainment.


Previous Story

Denver’s push to dismiss VC firm’s payment dispute legally

Next Story

2024 Venture Pulse: Q2 Insights

Latest from Blog

Go toTop