Charles D. King’s Macro has raised a $90 million minority investment from BlackRock Alternatives, HarbourView Partners and funds managed by Goldman Sachs Asset Management.
Macro will use the influx of capital to expand its multiplatform operations across production, branding and talent representation units, said King, who is founder and CEO of Macro. The company will also work to diversify its revenue streams with businesses that build a direct connection with consumers.
A former WME partner, King launched Macro in 2015 to focus on content that amplifies underrepresented voices to capitalize on the untapped business opportunity. Macro previously raised an additional $150 million in a 2017 round of equity and debt financing that included such investors as Emerson Collective, Ford Foundation, W.W. Kellogg Foundation and the Libra Foundation.
“With the global power of a partner like BlackRock Alternatives as well as our new additional investors, we are extremely well-positioned to build on the...
Macro will use the influx of capital to expand its multiplatform operations across production, branding and talent representation units, said King, who is founder and CEO of Macro. The company will also work to diversify its revenue streams with businesses that build a direct connection with consumers.
A former WME partner, King launched Macro in 2015 to focus on content that amplifies underrepresented voices to capitalize on the untapped business opportunity. Macro previously raised an additional $150 million in a 2017 round of equity and debt financing that included such investors as Emerson Collective, Ford Foundation, W.W. Kellogg Foundation and the Libra Foundation.
“With the global power of a partner like BlackRock Alternatives as well as our new additional investors, we are extremely well-positioned to build on the...
- 3/6/2023
- by Cynthia Littleton
- Variety Film + TV
We now know, in great detail, what Bob Iger plans to do with Disney. What we don’t know is what in the world will Disney do with Hulu.
A fact: In January 2024, Comcast can trigger a sale of its one-third stake in Hulu, valued north of 9 billion, to Disney. Another possibility: Comcast CEO Brian L. Roberts buys out Hulu from Disney. And yet another: Disney and Comcast seek Hulu buyers in an open auction. Last week, after his company reported fiscal Q1 2023 earnings, Iger again indicated he’s open to selling Hulu. “Everything is on the table right now,” he said.
Then there’s a fourth possibility: What if Disney traded its ESPN stake for Comcast’s Hulu stake? (Disney owns 80 percent of ESPN; Hearst owns the rest.) Hey, trades and sports go hand-in-hand.
The idea was first raised at last summer’s Allen & Company Sun Valley Conference, the...
A fact: In January 2024, Comcast can trigger a sale of its one-third stake in Hulu, valued north of 9 billion, to Disney. Another possibility: Comcast CEO Brian L. Roberts buys out Hulu from Disney. And yet another: Disney and Comcast seek Hulu buyers in an open auction. Last week, after his company reported fiscal Q1 2023 earnings, Iger again indicated he’s open to selling Hulu. “Everything is on the table right now,” he said.
Then there’s a fourth possibility: What if Disney traded its ESPN stake for Comcast’s Hulu stake? (Disney owns 80 percent of ESPN; Hearst owns the rest.) Hey, trades and sports go hand-in-hand.
The idea was first raised at last summer’s Allen & Company Sun Valley Conference, the...
- 2/14/2023
- by Tony Maglio and Brian Welk
- Indiewire
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.