Eldridge Industries

Eldridge Industries LLC is an American holding company headquartered in Greenwich, Connecticut, with offices in New York City, London, and Beverly Hills.[2] Eldridge makes investments in various industries including insurance, asset management, technology, sports, media, real estate, and the consumer sector.[3][4][5][6]

Eldridge Industries, LLC
TypePrivate investment
Founded2015 (2015)
HeadquartersGreenwich, Connecticut, U.S.[1]
OwnerTodd Boehly
Websiteeldridge.com

History

Eldridge was formed in 2015 by CEO and Chairman Todd Boehly, President Anthony D. Minella, and General counsel Duncan Bagshaw,[7][8] after Boehly purchased Dick Clark Productions, Billboard and The Hollywood Reporter, and Mediabistro from Guggenheim Partners.[5]

Eldridge owns CBAM Partners, an SEC-registered investment advisor.[9] In 2019, Eldridge increased its investment in Maranon Capital, an investment manager, resulting in Eldridge holding a majority ownership stake in the company.[10]

In December 2020, Eldridge provided financing to Ark Invest, allowing ARK founder Cathie Wood to remain majority shareholder of the company.[11]

In January 2021, the College of William & Mary announced that it had partnered with Eldridge to develop a series of courses related to fiscal policy at the Mason School of Business.[12]

In 2021, some of Eldridge's credit management operations spun out to create Panagram Structured Asset Management.[13] Eldridge sold CBAM Partners, an SEC-registered investment advisor, to The Carlyle Group for $787 million in 2022.[14]

Horizon Acquisition Corporation

Eldridge's special-purpose acquisition company Horizon Acquisition Corporation was founded in June 2020.[15] The company filed for a blank check IPO of $575 million in August 2020.[16] Horizon Acquisition Corporation II, an SPAC focused on media and entertainment, in August 2020.[17] In 2022, it was announced that the SPAC would merge with Flexjet, taking the airline public with a combined value of $3.1 billion.[18]

Horizon Acquisition Company merged with ticket reseller Vivid Seats in April 2021,[19] taking them public as Vivid on October 19, 2021.[20] Vivid is traded on the Nasdaq.[21]

Sports

In March 2017, Eldridge led a round of funding estimated at over $100 million for DraftKings, a daily fantasy sports contest provider.[22][23] DraftKings purchased a stake in Vivid from Eldridge, when the company went public in October 2021.[24] Eldridge also has a stake in the Los Angeles Dodgers;[25] Chavez Ravine, the acreage around Dodger Stadium;[26][27] Cloud9;[28] and Fanatics, Inc..[29]

In December 2021, it was announced that Eldridge's CEO Todd Boehly was heading an ownership group in negotiations to purchase a controlling interest in the Washington Spirit.[30]

Technology

Eldridge has invested in fintech companies PayActiv, Stash and Truebill.[31] In February 2021, Stash reached a value of over $1.4 billion.[32]

Eldridge has invested in technology companies Capital Integration Systems (CAIS),[33] Digital Asset,[34] and Cutover.[35] In 2021, Eldridge participated in multiple funding rounds for digital delivery service Gopuff, including the company's $1.1 billion financing round.[36]

In July 2020, Eldridge invested in a $53 million fundraising round for Kernel, a Los Angeles-based neurotechnology company.[37]

Eldridge took part in a $475 million financing round for artificial intelligence company Dataminr.[38]

The firm provided financing to Prescient, a building technology platform, for $50 million in July 2018.[39] Eldridge committed an additional $40 million in funding for the company in June 2020 for a total of $90 million.[40][41] Eldridge led a $190 million strategic investment into Prescient in 2021.[42]

Eldridge acquired data technology company Knoema in 2020.[43] Eldridge has invested in The Ready Games and mobile game developer Tripledot Studios.[44][45] Eldridge held a stake in Epic Games which was sold back to Epic in 2021.[7]

Eldridge has made multiple investments into Truebill, including participating in a $45 million funding round in 2021,[46] after leading a Series B round in 2019.[47] Truebill was acquired by Rocket companies in 2021.[48]

Eldridge participated in a $235 million in AI security company AnyVision in July 2021, after previously investing in the company in 2018.[49]

Eldridge invested in digital health platform Wellthy in May 2020, and participated in a $35 million Series B funding round for the company in June 2021.[50] Eldridge also participated in a $62 million investment round for fertility services company Kindbody.[51] Eldridge also acquired sporting goods producer G-Form, which produces Smart-Flex athletic gear.[52]

In November 2021, Eldridge participated in a $30 million investment round for artificial intelligence company Netomi.[53] The company also led a $600 million debt funding round for Digital Currency Group.[54]

In January 2022, Eldridge led a $210 million investment round for Canadian financial technology company Koho.[55] The company led investment rounds for Cross River Bank,[56] which was valued at $3 billion in March 2022,[57] and an investment round for insurance technology company Accelerant, which valued the company at $2.2 billion.[58] In April 2022, Eldridge also led a $198 million investment round into digital marketing firm Viral Nation,[59] and an $82 million investment round for e-commerce platform Samcart.[60]

In 2022, the company has also invested in Metropolis Technologies,[61] Cloudframe,[62] and materials science company Recover.[63] Eldridge led a $400 million investment round for Velocity Global, and took a seat on its board of directors.[64]

Consumer industry

In 2017 Eldridge acquired, with a co-investor, Pittsburg-based NPC International, LLC, the largest franchisee of Pizza Hut (part of Yum Brands), and Wendy's.[65] On July 1, 2020 NPC filed for Chapter 11 bankruptcy.[66]

Eldridge has backed hospitality group Aurify Brands since it was founded in 2011.[67] Eldridge invested in international bakery-restaurant chain Le Pain Quotidien through Aurify in March 2021.[68] Eldridge also invested in pizza restaurant chain Chuck E. Cheese.[69]

Thirteenth Floor Entertainment Group, an operator of horror-themed entertainment venues and escape rooms, is partially owned by Eldridge.[70][71] Eldridge was part of a group of creditors who invested $1.2 billion in Canadian company Cirque du Soleil in 2020.[72]

Eldridge invested in virtual reality entertainment company Illuminarium Experiences, as part of a $100 million investment.[73] The company led a $3.4 million funding round for food delivery marketplace Sesame in December 2021.[74]

Real estate

Eldridge owns Stonebriar Commercial Finance, a large ticket commercial finance and leasing company,[75] and co-owns Cain International, a London-headquartered real estate firm which owns The Beverly Hilton and Waldorf Astoria Beverly Hills.[76][77][78]

Eldridge seeded Essential Properties Realty Trust, a REIT that went public in June 2018.[79] In October 2019, Eldridge invested $300 million in real estate investment company Kennedy Wilson.[80] Eldridge committed €1 billion to Blackbrook Capital, an independent European real estate investment firm, in March 2020.[81][82]

In December 2021, Eldridge acquired a minority interest in Langdon Park Capital, a Black-owned real estate investment company."[83] Langdon Park Capital subsequently acquired 200 housing units in Los Angeles as part of a strategy to create affordable housing for the Black and Latino communities.[84]

Insurance

Eldridge owns Security Benefit Life Insurance, an insurer with $49.9 billion in assets.[25] The firm also owns SE2, a technology platform for insurance companies.[85][86] In 2019 SE2 and Life.io launched an integrated life insurance and annuity platform, SE2 Digital Engage.[87]

Eldridge invested in DPL Financial Partners in January 2021 and September 2022.[88] That year, Eldridge invested in PPRO Financial and Clearcover Insurance.[89][90] Hudson Structured Capital Management refinanced in 2021, with Eldridge as its principal backer.[91]

Media holdings

In 2015, Eldridge put some of its media properties up for sale, including Adweek and the Clio Awards.[92] Adweek was sold a year later to Beringer Capital.[93] The Clio Awards, a 58-year-old ad industry event, was sold to investment company Evolution Media in 2017.[94]

In December 2016, Billboard-Hollywood Reporter Media Group purchased the music publications Spin, Stereogum and Vibe from SpinMedia for an undisclosed amount.[95]

In February 2018, Eldridge announced it would be consolidating three of its entertainment properties into a new company, Valence Media,[96] which rebranded as MRC on July 20, 2020.[97] The properties included Media Rights Capital, a film and television studio which created Netflix shows Ozark and House of Cards;[98][99] Dick Clark Productions; and the Billboard-The Hollywood Reporter Media Group.[100][101][102]

MRC's co-founders Asif Satchu and Modi Wiczyk serve as co-CEOs and Boehly serves as Chairman.[101][103] At the time, MRC owned a minority stake in film distributor A24;[102] and London-based production company Fulwell 73.[104][25]

In 2018, Eldridge also became a partner for the Global Citizen Festival, which was held in South Africa to honor the life and legacy of Nelson Mandela in his centenary year.[105]

In December 2019, Valence acquired Nielsen Holdings' music data business.[106]

In January 2020, MRC sold music publications Spin and Stereogum to Next Management Partners.[107]

In November 2020, Eldridge acquired the music publishing rights to American rock band The Killers, covering the band's first five albums. Universal Music Publishing Group will continue to administer the catalogue.[108]

In September 2020, it was announced that Penske Media Corporation and MRC would form a joint venture named PMRC. The new venture managed the daily operations of publications such as Billboard, The Hollywood Reporter, Vibe, Variety, Rolling Stone and Music Business Worldwide.[109] A second joint venture between MRC and Penske was also announced, to manage content and intellectual property such as television series, films, and live events including Life Is Beautiful Music & Art Festival and South by Southwest.[110] The venture became the majority owner of South by Southwest in 2021.[111]

Eldridge led a $3 million funding round for Laylo, a startup fan engagement platform, in 2021.[112] The company led another funding round into Laylo in 2022.[113]

In December 2021, Eldridge partnered with Sony Music Group to finance the acquisition of Bruce Springsteen's recorded music and songwriting catalogue.[114] The deal, which was estimated to be between $500 million and $600 million, was reportedly the largest transaction for an individual artist's music rights to date.[115]

In August 2022, Eldridge and MRC reached an agreement to separate their assets.[116] Eldridge became a minority stakeholder in MRC, acquired ownership of Dick Clark Productions and Billboard-Hollywood Reporter Media Group from the company, and retained its investments in ventures such as Penske Media, A24 and Luminate Data.[117]

Boehly became interim CEO of the Hollywood Foreign Press Association (HFPA), the organizer of the Golden Globe Awards, in 2021.[118] In July 2022, it was announced that Eldridge would acquire the HFPA, and establish a private company to manage the intellectual property of the Golden Globes.[119][120] The HFPA's philanthropic activities will be spun off into a non-profit organization.[118] The organization announced a series of planned reforms under Eldridge's ownership, including the addition of new Golden Globes voters to increase the diversity of its membership,[121] which had previously been criticized for a lack of Black representation.[122]

References
  1. "Company Overview of Eldridge Industries LLC". Bloomberg L.P. August 16, 2018.
  2. "Eldridge - About".
  3. "Guggenheim Prepares To Sell Hollywood Reporter, Dick Clark Productions To Exec". Deadline.com. 17 December 2015. Retrieved 18 December 2015.
  4. "Guggenheim Media Spins Off Money-Losing Hollywood Reporter, Billboard to Company President Todd Boehly (Exclusive)". The Wrap. 17 December 2015. Retrieved 18 December 2015.
  5. "Hollywood Reporter Parent Company Spins Off Media Assets to Executive". The Hollywood Reporter. 17 December 2015. Retrieved 3 January 2016.
  6. "Conn. PE Firm Eldridge Closes $1.4B In Funding". Law360. April 15, 2019.
  7. "From CLOs to 'Ozark,' ex-Guggenheim president builds an empire". Financial Planning. 2019-09-09. Retrieved 2020-06-16.
  8. "Duncan Bagshaw". www.bloomberg.com. Retrieved 2020-06-16.
  9. "CLO Roundup: CBAM marketing its fourth $1B CLO of the year". Asset Securitization Report. 2017-11-17. Retrieved 2020-06-22.
  10. "Eldridge Industries Acquires Majority Ownership Position in Maranon Capital". www.businesswire.com. 2019-02-04. Retrieved 2020-08-11.
  11. "The ARK Invest Takeover Battle Is Over". Institutional Investor. Retrieved 2021-05-12.
  12. "Eldridge Partners with William & Mary to Develop New Course Offerings for The Boehly Center". mason.wm.edu. Archived from the original on 2021-01-19. Retrieved 2021-05-16.
  13. "Eldridge spins off structured credit team to launch new CLO investor". www.globalcapital.com. 16 June 2021. Retrieved 2021-09-06.
  14. "Carlyle to Buy Todd Boehly's CBAM for $787 Million". Bloomberg.com. 2022-03-09. Retrieved 2022-08-25.
  15. "Horizon Acquisition Corp - Company Profile and News". Bloomberg.com. Archived from the original on 2021-05-17. Retrieved 2021-05-16.
  16. "Blank-check company Horizon Acquisition files for IPO". www.spglobal.com. Archived from the original on 2021-05-17. Retrieved 2021-05-16.
  17. Spangler, Todd (2020-11-23). "Ex-Netflix Programming Exec Cindy Holland Joins Board of Entertainment Holding Company Horizon Acquisition Corp. II". Variety. Archived from the original on 2020-11-24. Retrieved 2021-05-16.
  18. "Flexjet plans to go public via $3 bln deal with Todd Boehly's SPAC". Reuters. 2022-10-11. Retrieved 2022-11-14.
  19. Bunker, Ted (2021-04-22). "Eldridge-Backed SPAC Scoops Up Ticket Reseller Vivid Seats". Wall Street Journal. ISSN 0099-9660. Retrieved 2022-01-03.
  20. Golum, Rob (October 14, 2021). "DraftKings Invests in Vivid Seats SPAC as Boehly Cuts Stake". www.bloomberg.com. Archived from the original on 2022-01-03. Retrieved 2022-01-03.
  21. Smith, Connor. "Vivid Seats Completed Its SPAC Merger. It Could Be A Reopening Play". www.barrons.com. Retrieved 2022-01-03.
  22. "Dodgers' Boehly Leads $100 Million DraftKings Investment". Bloomberg.com. 9 March 2017. Retrieved 10 March 2017.
  23. Curt Woodward (March 9, 2017). "Another $100 million in financing for DraftKings". The Boston Globe.
  24. "DraftKings acquires stake in Vivid Seats SPAC". SportsPro. 2021-10-15. Retrieved 2022-01-03.
  25. Childs, Mary. "Former Guggenheim President Todd Boehly Is Growing His Investment Empire, From the Dodgers to Collateralized Loans". www.barrons.com. Retrieved 2020-06-16.
  26. Childs, Mary (12 April 2019). "Former Guggenheim President Todd Boehly Is Growing His Investment Empire, From the Dodgers to Collateralized Loans". www.barrons.com. Retrieved 2020-09-16.
  27. Garcia, David G. (2006). "Remembering Chavez Ravine: Culture Clash and Critical Race Theater". Chicana/O Latina/o Law Review. 26 (1). doi:10.5070/C7261021168. ISSN 1061-8899.
  28. Perez, Matt. "Cloud9 eSports Team Closes Series A Funding, Investors Include Joe Montana, Alexis Ohanian". Forbes. Retrieved 2020-06-16.
  29. "Fanatics Gets $18 Billion Valuation, Reorganizes Under New CEO". Bloomberg.com. 2021-08-10. Retrieved 2022-08-25.
  30. "Todd Boehly, Jennifer Tepper Mackesy in talks to buy Washington Spirit". Washington Post. ISSN 0190-8286. Retrieved 2022-01-03.
  31. Basak, Sonali; Surane, Jennifer (1 April 2020). "US Hourly Workers Pressured by Crisis to Get Paid Sooner". www.bloomberg.com. Retrieved 2020-06-22.
  32. Rooney, Kate (2021-02-03). "Investing app Stash raises $125 million as it looks to add new customers — just not day traders". CNBC. Retrieved 2021-09-06.
  33. French, David; Hu, Krystal (2020-11-18). "Boehly's Eldridge invests in financial technology firm CAIS". Reuters. Retrieved 2021-05-10.
  34. "Digital Asset Bags $120M in Series D". vcnewsdaily.com. Archived from the original on 2021-04-22. Retrieved 2021-05-10.
  35. "Orchestration platform Cutover raises $35M for digital transformations". VentureBeat. 2021-03-03. Archived from the original on 2021-03-03. Retrieved 2021-05-10.
  36. Reuters Staff (2021-03-23). "GoPuff raises $1.15 billion at nearly $9 billion valuation from SoftBank, others". Reuters. Retrieved 2021-05-10. {{cite news}}: |author= has generic name (help)
  37. "Kernel raises $53 million for its non-invasive 'Neuroscience as a Service' technology". TechCrunch. 9 July 2020. Retrieved 2021-09-06.
  38. "Dataminr raises $475M on a $4.1B valuation for real-time insights based on 100k sources of public data". TechCrunch. 23 March 2021. Retrieved 2021-05-10.{{cite web}}: CS1 maint: url-status (link)
  39. Iris Dorbian (July 23, 2018). "Prescient snags $50 mln Series E". PE Hub.
  40. "Construction Tech Co. Prescient Gets $90M Financing - Law360". www.law360.com. Retrieved 2020-09-16.
  41. "Prescient receives $90M in funding". Construction Dive. Retrieved 2020-09-16.
  42. "Building software startup Prescient raises $190M from Eldridge". News & Observer. May 3, 2021.
  43. "Knoema announces acquisition by Eldridge and partnership with Snowflake". VentureBeat. 2020-12-21. Archived from the original on 2020-12-21. Retrieved 2021-05-16.
  44. "Ready raises $5 million for hyper-casual esports platform". VentureBeat. 2019-08-27. Retrieved 2020-06-16.
  45. "Tripledot raises $78 million for London-based mobile game studio". VentureBeat. 2021-04-08. Archived from the original on 2021-04-08. Retrieved 2021-05-10.
  46. Gilgore, Sara (June 1, 2021). "Local fintech raises $45M 'to continue expanding aggressively'". www.bizjournals.com. Retrieved 2021-09-06.{{cite web}}: CS1 maint: url-status (link)
  47. "Local fintech raises $45M 'to continue expanding aggressively'". www.bizjournals.com. Retrieved 2021-09-06.{{cite web}}: CS1 maint: url-status (link)
  48. "Rocket Companies acquires Truebill for $1.275 billion cash". CNBC.
  49. "AnyVision: Access Point AI-Based Physical Security". www.pymnts.com. 2021-07-07. Retrieved 2021-09-06.
  50. "Wellthy Secures $35 Million in Series B Funding to Support Companies and Employees with Return to Work". TecHR. 2021-06-28. Retrieved 2021-09-06.
  51. Stych, Anne (July 20, 2021). "Celebrities sign on to back $62 million Kindbody Series C funding". www.bizjournals.com. Retrieved 2021-09-06.{{cite web}}: CS1 maint: url-status (link)
  52. "G-Form Announces Acquisition By Eldridge". sgbonline.com. 2021-04-09. Retrieved 2021-04-15.
  53. Alcántara, Ann-Marie (2021-11-17). "AI Customer-Service Startup Netomi Raises $30 Million". Wall Street Journal. ISSN 0099-9660. Retrieved 2022-01-03.
  54. "Eldridge Agents $600MM Credit Facility for Digital Currency Group". ABL Advisor. November 19, 2021.
  55. "Fintech company Koho Financial raises $210 million to expand banking alternative". The Toronto Star. 2022-02-01. ISSN 0319-0781. Retrieved 2022-03-04.
  56. Tan, Gillian (March 17, 2022). "Andreessen, Eldridge Value Cross River Bank at Over $3 Billion". www.bloomberg.com. Retrieved 2022-08-30.
  57. "Andreessen, Eldridge Value Cross River Bank at Over $3 Billion". Bloomberg.com. 2022-03-17. Retrieved 2022-08-30.
  58. Armstrong, Zach (January 14, 2022). "Data-fueled insurtech Accelerant gets $193 million in growth funding round". www.bizjournals.com. Retrieved 2022-08-30.
  59. "Todd Boehly's Eldridge Bets on Digital Media Firm Viral Nation". Bloomberg.com. 2022-04-12. Retrieved 2022-08-30.
  60. "Venture capital's 2022 slowdown, in 4 charts". Fortune. Retrieved 2022-08-30.
  61. Chen, I-Chun (June 16, 2022). "Metropolis Technologies raises $167M (and other L.A.-area tech news)". LA Inno. Retrieved 2022-08-30.
  62. "COBOL modernization startup CloudFrame bags $7M Series A funding". SiliconANGLE. 2022-03-22. Retrieved 2022-08-30.
  63. "Recover™ Accelerates Growth With $100 Million Minority Equity Investment Led by Goldman Sachs Asset Management, Partnering With Existing Investor STORY3 Capital Partners". finance.yahoo.com. Retrieved 2022-08-30.
  64. "What Melvin Capital tells us about how Wall Street is changing". Fortune. Retrieved 2022-08-27.
  65. Pizza Hut's largest franchise operator weighs options, including bankruptcy Retrieved July 1, 2020
  66. Pizza Hut's largest U.S. franchisee files for Chapter 11 bankruptcy Retrieved July 1, 2020
  67. Ewen, Beth. "Backed by Aurify, Melt Shop searches for perfection". franchisetimes.com. Archived from the original on 2021-05-17. Retrieved 2021-05-16.
  68. Ewen, Beth. "Aurify Rescues Two Chains From Distress Amid Pandemic 'Disaster' in NYC". franchisetimes.com. Archived from the original on 2021-04-01. Retrieved 2021-05-16.
  69. How Eldridge Industries Found Coronavirus Investment Opportunities, retrieved 2021-05-16
  70. Childs, Mary. "Former Guggenheim President Todd Boehly Is Growing His Investment Empire, From the Dodgers to Collateralized Loans". www.barrons.com. Retrieved 2020-08-18.
  71. "Thirteenth Floor plans haunted house at Old Joliet Prison". www.theherald-news.com. Retrieved 2020-08-18.
  72. Kosman, Josh (2020-06-08). "Cirque du Soleil gets $1.2 billion buyout offer from creditors". New York Post. Retrieved 2021-05-12.
  73. Spangler, Todd (2021-06-14). "'VR Without the Goggles': Illuminarium Set to Launch Its First Immersive Entertainment Location in Atlanta". Variety. Retrieved 2021-09-06.
  74. "Food Delivery Marketplace Sesame Raises $3.4 Million". QSR magazine. Retrieved 2022-01-03.
  75. "Stonebriar Set to Close its Fifth Equipment Securitization Transaction for $650 Million". www.prnewswire.com. Retrieved 2020-06-22.
  76. "From CLOs to 'Ozark,' ex-Guggenheim president builds an empire". Financial Planning. 2019-09-09. Retrieved 2020-06-22.
  77. Gittelsohn, John; Clark, Patrick (17 August 2018). "Dodgers Co-Owner Takes Stake in Beverly Hilton Hotel". www.bloomberg.com. Retrieved 2020-06-22.
  78. Lazaroff, Leon. "Dick Clark Productions deal expected to close in coming weeks". TheStreet. Retrieved 2020-06-22.
  79. Kristy Westgard (June 21, 2018). "'Retail Apocalypse' Didn't Scare This Landlord Off an IPO". Bloomberg L.P.
  80. "Kennedy Wilson receives $300M investment, announces new $1.5B target for West Coast fund". The Real Deal Los Angeles. 2019-10-18. Retrieved 2020-06-16.
  81. "Industry Veterans Launch European Specialist Real Estate Investment Firm Blackbrook Capital". Blackbrook. Retrieved 2020-08-11.
  82. "New European property investment firm gets €1bn capital backing". Real Assets. 3 March 2020. Retrieved 2020-08-11.
  83. "Langdon Park Capital Announces Strategic Investment from Eldridge". www.bloomberg.com. December 2, 2021. Archived from the original on 2022-01-03. Retrieved 2022-01-03.
  84. Cornfield, Greg (2022-07-07). "Langdon Park Adds 200 Housing Units in LA". Commercial Observer. Retrieved 2022-08-27.
  85. "From CLOs to 'Ozark,' Ex-Guggenheim President Builds an Empire". BloombergQuint. Retrieved 2020-08-18.
  86. "SE2 named a Leader in Life, Annuities, and Pensions BPS by NelsonHall". GlobeNewswire News Room. 2020-06-30. Retrieved 2020-08-18.
  87. "SE2 and Life.io Announce Integrated, End-To-End Digital Engagement Solution That Reimagines Selling and Policy Servicing of Life Insurance". GlobeNewswire News Room. 2019-09-19. Retrieved 2020-08-18.
  88. Cawthon, Haley (January 13, 2021). "DPL Financial Partners secures $26 million in growth capital". www.bizjournals.com. Archived from the original on 2021-01-13. Retrieved 2021-05-12.
  89. "PPRO extends latest round to $270M, adding JPMorgan and Eldridge to grow its localized payments platform". TechCrunch. 25 March 2021. Retrieved 2021-05-12.
  90. "Exclusive Insurance startup Clearcover raises $200 mln from Eldridge, others at $1 bln valuation". Reuters. 2021-04-13. Retrieved 2021-05-12.
  91. Evans, Steven (2021-02-09). "Hudson Structured refinances with Eldridge backing for future growth - Artemis.bm". Artemis.bm. Archived from the original on 2021-02-09. Retrieved 2021-05-16.
  92. Keith J. Kelly (May 31, 2016). "AdWeek, Clio Awards put up for sale". New York Post.
  93. "Adweek acquired by private equity firm Beringer Capital". TechCrunch. 18 July 2016. Retrieved 19 July 2016.
  94. "Clio Awards Acquired by Global Investment Firm Evolution Media". Adweek. Retrieved 2018-03-29.
  95. "Hollywood Reporter-Billboard Group acquires Spin, Vibe and Stereogum". Los Angeles Times. December 23, 2016. Retrieved December 13, 2018.
  96. Wallenstein, Andrew (2018-02-01). "Media Rights Capital, Dick Clark Prods., THR-Billboard Form Combined Company". Variety. Retrieved 2020-06-22.
  97. Goldsmith, Jill (2020-07-22). "THR Parent Valence Media Rebrands As MRC". Deadline. Retrieved 2020-07-22.
  98. Wallenstein, Andrew (2018-02-01). "Media Rights Capital, Dick Clark Prods., THR-Billboard Form Combined Company". Variety. Retrieved 2020-06-29.
  99. "From CLOs to 'Ozark,' ex-Guggenheim president builds an empire". Financial Planning. 2019-09-09. Retrieved 2020-06-29.
  100. Wallenstein, Andrew (2018-02-01). "Media Rights Capital, Dick Clark Prods., THR-Billboard Form Combined Company". Variety. Retrieved 2018-03-29.
  101. Faughnder, Ryan (February 2018). "'House of Cards' producer MRC merges with Dick Clark Productions and Hollywood Reporter publisher". Los Angeles Times. Retrieved 2018-03-29.
  102. Diane Haithman (February 2, 2018). "Billboard-Hollywood Reporter, Dick Clark Productions and MRC Merge as Valence Media". Los Angeles Business Journal.
  103. Tony Maglio (February 1, 2018). "THR to Combine With Dick Clark Productions, 'House of Cards' Studio in New Todd Boehly Banner". TheWrap.
  104. "Eldridge Industries Announces $1.36 Billion Equity Investment". www.businesswire.com. 2019-04-15. Retrieved 2020-06-29.
  105. Lexy Perez (July 9, 2018). "Beyonce, Jay-Z Among Headliners at Global Citizen Festival Honoring Nelson Mandela Centennial". The Hollywood Reporter.
  106. Steele, Anne (2019-12-18). "Billboard Parent Buys Nielsen Music". The Wall Street Journal. ISSN 0099-9660. Retrieved 2020-07-22.
  107. "Billboard-The Hollywood Reporter Media Group Sells Spin, Agreement in Place for Sale of Stereogum". Billboard. 2020-01-16. Retrieved 2020-08-18.
  108. "The Killers' Catalog Acquired in Eldridge's First Music Publishing Deal". Billboard.
  109. Yoo, Noah (23 September 2020). "Rolling Stone, Billboard, Vibe, More to Operate Under New Joint Venture PMRC". Pitchfork. Archived from the original on 2020-09-25. Retrieved 2021-05-16.
  110. Team, The Deadline (2022-08-05). "Eldridge & MRC Separate Their Combined Media Assets". Deadline. Retrieved 2022-11-14.
  111. "Billboard Parent Company MRC Teams With Penske Media for Publishing and Content Ventures". Billboard. Archived from the original on 2020-09-23. Retrieved 2021-05-16.
  112. "Laylo Raises $3 Million From Eldridge-Led Group | Los Angeles Business Journal". labusinessjournal.com. 27 July 2021. Retrieved 2021-09-06.
  113. "Eldridge and LVRN Management invest in Fan engagement startup Laylo, bringing total funds raised to over $8m – Music Business Worldwide". www.musicbusinessworldwide.com. 12 October 2022. Retrieved 2022-11-14.
  114. Peoples, Glenn (2021-12-17). "What Is Eldridge Industries? A Primer on Sony's Springsteen Partner". Billboard. Retrieved 2022-01-03.
  115. Steele, Anne; Shah, Neil (2021-12-17). "Bruce Springsteen Sells His Music to Sony Music Group". Wall Street Journal. ISSN 0099-9660. Retrieved 2022-01-03.
  116. Earl, William (2022-08-05). "MRC Chiefs Modi Wiczyk and Asif Satchu Part Ways With Eldridge, PMRC Joint Venture". Variety. Retrieved 2022-11-14.
  117. "Inside the Todd Boehly-MRC Breakup (Exclusive)". 2022-09-06. Retrieved 2022-11-14.
  118. D'Alessandro, Anthony (2022-07-28). "HFPA Will Be Both A Private Company & Non-Profit". Deadline. Retrieved 2022-08-05.
  119. Feinberg, Scott (2022-07-28). "HFPA Acquired By Eldridge Industries, Size and Diversity of Golden Globes Voting Pool Expected to Grow". The Hollywood Reporter. Retrieved 2022-10-26.
  120. Patten, Dominic (May 10, 2021). "Golden Globes 2022 Canceled On NBC As HFPA Struggles To Reform To Hollywood's Stipulations". Deadline Hollywood. Retrieved May 10, 2021.
  121. Schneider, Michael (2022-07-28). "In Move to Save Golden Globes, HFPA to Become For-Profit Org, Add More Voting Members". Variety. Retrieved 2022-08-05.
  122. Davis, Clayton (2021-02-27). "Golden Globes Former President Admits the HFPA Hasn't Had Any Black Members in Two Decades". Variety. Retrieved 2021-05-10.{{cite web}}: CS1 maint: url-status (link)
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.