Business

Media company A + E Networks acquires minority stake in Range Media Partners

Media and IP company A+E Networks has entered into a strategic partnership with music, film and television management company Range Media Partners.

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The agreement includes a “strategic minority investment” by A+E in Range Communications Partners.

Range says it “continues to be backed” by Point72 Ventures, which remains a minority investor.

News follows Range Media Partners’ worldwide distribution agreement regarding Capitol Music Group (CMG) and Virgin Music & Artist Label Services (Virgin) in June 2021.

Founded in 2020, Range Media Partners Range represents some of the biggest names in entertainment, including Bradley Cooper, Keira Knightley, Tom Hardy, M Night Shymalan, Michael Bay, Jack Harlow, PartyNextDoor, Midland , Cordae, Bazzi, Sean Douglas, Wale, HARV and Mariah Carey.

Range says the strategic investment from A+E Networks will further expand talent representation and incubate talent-aligned consumer businesses, while enabling other growth paths to be created. , including a substantial investment in the “Web3 ecosystem”.

A+E Studios specializes in the creation, production, and distribution of scripted entertainment and also serves as the primary scripted programming provider for the A+E Networks portfolio including A&E, Lifetime and The HISTORY Channel.

According to a media statement, the strategic partnership named A+E Studios, led by President Barry Jossen, is the co-production partner for scripted television projects at Range Media. Partners.

The relationship also grants A+E Networks and its affiliated studios a first reality TV content agreement for a content creator that does not have an A+E description (e.g. Category 6 Media and Six West Media.)

Range Media Partners says it “will enrich the A+E Network” by providing its business units with access to Range Media Partners’ talent agency system and talent relationships its “extensive”.

The companies added that the partnership is expected to accelerate the global growth of A+E Networks and expand Range Media Partners’ offerings in many ways, including project development for A+ E Studios and A+E Networks’ Non-Fiction Content Creation Unit (including Tier 6 Media and Six West Media) by aligning Range clients with strategic partnership opportunities.

Additionally, according to Range, the partnership will address what it calls a “growing desire” for music-related unwritten projects.

A+E Studios and Range Media Partners say they already have a number of partnership initiatives underway.

Team Raine and Joe Gangitano and Adrian Perry of Covington & Burlington advised A+E Networks on trading.

Range Media Partners is mentored by Robert Benson & Rahul Patel of King & Spalding LLP and the late Jerry Longarzo and Jeff Freid of Longarzo Vance Klevan Freid LLP.

“We are delighted to be partnering with Peter Micelli and Range Media Partners, who have passion and creativity in their pursuit of unlocking global value for artists and fostering a culture of innovation that has Future thinking aligns with our vision of the future.”

Paul BuccieriNetwork group A + E

Paul BuccieriPresident & Chairman, A+E Networks Group, said: “We are delighted to partner with Peter Micelli and Range Media Partners, who have passion and creativity in their pursuit of global value. for artists and fostering a culture of innovation that is future-minded in line with our vision of the future.

“We are intrigued by their impressive business-minded talent pool and roster and believe this investment creates a strategic opportunity to accelerate the growth of our content creators. have our scripted and non-fiction on a global scale.

“Our investment underscores both our belief in the industry’s trajectory and, more specifically, the role Range will play in it. This alignment will allow for the diversification of our storytelling and content, enhancing our efforts to transition from curator to creator, and advancing our ultimate goal of becoming a creator. become a global IP powerhouse. ”

“We are honored to join the like-minded team at A+E Networks (some of whom we have worked with for decades) who share a passion for innovation, business strategy and compelling storytelling, as we enter this next chapter. ”

Peter Micelli, Range Media

Peter Micelli, Range CEO, said: “We are honored to partner with remarkable artists who are driven by the need to know more and do more.

“We are honored to join the like-minded team at A+E Networks (some of whom we have worked with for decades) who share a passion for innovation, business strategy and compelling storytelling, as we enter this next chapter. ”

“We are proud to offer our services and creativity as a growth engine for Range’s expanding ambitions. Range Media Partners and A+E Studios have a developing White House Doctor at Fox. ”

A + E Studios

Barry Jossen, President and Director of A+E Studios said: “A+E Studios is a proven provider of high-quality television productions.

“We are proud to offer our services and creativity as a growth engine for Range’s expanding ambitions. Range Media Partners and A+E Studios have a developing White House Doctor at Fox.

“We have a large list of ready-to-market projects, all of which align perfectly with the strategic alliance Range Media Partners / A + E Studios to bring together high-profile artists to create and produce in a talent-friendly environment to bring their vision to the screen. We are very emotional.”

Worldwide music business

https://www.musicbusinessworldwide.com/media-company-ae-networks-acquires-minority-stake-in-range-media-partners/ Media company A + E Networks acquires minority stake in Range Media Partners

Fry Electronics Team

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