LeBron James’ content company SpringHill is in advanced talks to secure a significant strategic investment from a consortium including Fenway Sports Group, RedBird Capital and Nike, insiders …
’ content company SpringHill is in advanced talks to secure a significant strategic investment from a consortium including Fenway Sports Group, RedBird Capital and Nike, insiders toldWhile the NBA legend and his longtime business partner Maverick Carter have expressly told potential suitors they are not looking for a full acquisition, sources said the new investment partners would flush the operation with cash and value the entity between $650 million and $700 million.
While this deal will be structured differently from, say, the recent transaction around Reese Witherspoon’s Hello Sunshine, it places SpringHill firmly in the mix of the M&A craze consuming Hollywood. While Nike was previously reported to be eyeing the shop that helped make “Space Jam: A New Legacy,” the arrival of RedBird and FSG to the table alludes to James’ and Carter’s ambitions. RedBird, led by Gerry Cardinale, has successfully partnered with similar institutions like David Ellison’s Skydance and Casey Wasserman’s firm. In 2020, RedBird sealed a $700 million sale of its NFL On Location luxury events business to Endeavor.
SpringHill counts roughly 120 employees. Recent projects include “Space Jam: A New Legacy,” which starred James alongside beloved Looney Tunes characters. The company is currently in production on “House Party” for New Line, as well as the Adam Sandler-led “Hustle” for Netflix.
James and Carter raised $100 million for SpringHill Co. last year. Investors include Guggenheim Partners; Sister, the production company founded by Elisabeth Murdoch, Stacey Snider and Jane Featherstone; the University of California’s UC Investments; and Jason Stein’s SC.Holdings. SpringHill Co. consolidated the trio of James and Maverick’s companies — SpringHill Entertainment, Uninterrupted and the Robot Co. marketing agency — into a single entity.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
LeBron James Pens Special Anniversary Note To Savannah, 'Who Am I Without You'LeBron James just shared a romantic message to Savannah on their wedding anniversary.
Leer más »
Watch Nas Toast Bottomless Bellinis With LeBron James in 'Brunch on Sundays' Music VideoOn Tuesday (Sept 14), Nas rang in his 48th birthday with the release of his all-new music video for the collaborative track 'Brunch on Sundays' featuring Blxst.
Leer más »
James Corden In Talks To Extend ‘Late Late Show’ Deal At CBSEXCLUSIVE: James Corden is in negotiations to extend his contract for CBS’ The Late Late Show. Deadline understands that the Brit has been in talks for some time but that negotiations have stepped …
Leer más »
Norm Macdonald Late Night Tributes: Seth Meyers, James Corden & Others Remember “Absolute Comedy Legend”Late-night hosts across networks paid tribute on Tuesday to Norm Macdonald, who died earlier in the day, following a nine-year, private battle with cancer, at age 61. The most detailed and personal…
Leer más »
James Corden Pays Tribute to Norm Macdonald: “There Was Nobody Quite Like Him”During the 'Late Late Show' segment, Corden said that he felt privileged anytime he got to be in Macdonald's orbit.
Leer más »
Kate Middleton, Prince William, And Their Children Attended James Middleton's WeddingDuchess Kate's younger brother got married in southeastern France.
Leer más »