Eldridge Industries

Eldridge Industries LLC is a private equity investment firm headquartered in Greenwich, Connecticut, with offices in New York, London and Beverly Hills.[1][2][3][4] The firm invests in businesses across several industries, including, media, sports, hospitality, insurance, real estate development and asset management.[1][5][6][7]

Eldridge Industries, LLC
Private equity
Founded2015
FounderTodd Boehly
Headquarters,
U.S.
Websiteeldridge.com

History

Eldridge was formed in 2015 by CEO and Chairman Todd Boehly and President Anthony D. Minella, after Boehly purchased several media properties controlled by Guggenheim Partners.[7][4]

Eldridge has invested in businesses including Security Benefit Life Insurance, London-based real estate firm Cain International, media entity Valence Media, CBAM, Stonebriar Commercial Finance, and NPC International, operator of Wendy’s and Pizza Hut units in the U.S.[8][9][10][11][12][13]

In March 2017, Eldridge led a round of funding estimated at over $100 million for DraftKings, a daily fantasy sports contest provider.[2][14] The firm also provided financing to Prescient, a building technology platform, for $50 million in July 2018.[15]

Eldridge seeded Essential Properties Realty Trust, a REIT that went public in June 2018 under the symbol NYSEEPRT.[16]

In 2018, Eldridge also became a partner for the Global Citizen Festival, which is being held in South Africa to honor the life and legacy of Nelson Mandela in his centenary year.[17]

Media holdings

In 2015, Eldridge put some of its media properties up for sale, including Adweek and the Clio Awards.[18] Adweek was sold a year later to Beringer Capital, a private equity firm that invests in digital media and marketing services.[19] The Clio Awards, a 58-year-old ad industry event, was sold to investment company Evolution Media in 2017.[20]

In December 2016, Billboard-Hollywood Reporter Media Group purchased the music publications Spin, Stereogum and Vibe from SpinMedia for an undisclosed amount.[21]

In February 2018, Eldridge announced it would be consolidating three of its entertainment properties into a new company, Valence Media. The properties included Media Rights Capital (MRC), an independent movie and TV production company; Dick Clark Productions, producer of the Golden Globe Awards and American Music Awards; and the Billboard-Hollywood Reporter Media Group, which includes The Hollywood Reporter and Billboard industry trade publications.[9][22][23]

MRC’s co-founders Asif Satchu and Modi Wiczyk serve as co-CEOs of Valence and Boehly serves as Chairman.[22][24] Valence also owns a minority stake in film distributor A24.[23]

References

  1. ^ a b c "Company Overview of Eldridge Industries LLC". Bloomberg L.P. August 16, 2018.
  2. ^ a b "Dodgers' Boehly Leads $100 Million DraftKings Investment". Bloomberg. Retrieved 10 March 2017.
  3. ^ "About Us". Eldridge.com.
  4. ^ a b "Eldridge Industries". Crunchbase. Retrieved September 2, 2018.
  5. ^ "Guggenheim Prepares To Sell Hollywood Reporter, Dick Clark Productions To Exec". Deadline.com. Retrieved 18 December 2015.
  6. ^ "Guggenheim Media Spins Off Money-Losing Hollywood Reporter, Billboard to Company President Todd Boehly (Exclusive)". The Wrap. Retrieved 18 December 2015.
  7. ^ a b "Hollywood Reporter Parent Company Spins Off Media Assets to Executive". The Hollywood Reporter. Retrieved 3 January 2016.
  8. ^ Leon Lazaroff (February 23, 2017). "Dick Clark Productions Deal Expected to Close in Coming Weeks". TheStreet.com.
  9. ^ a b Wallenstein, Andrew (2018-02-01). "Media Rights Capital, Dick Clark Prods., THR-Billboard Form Combined Company". Variety. Retrieved 2018-03-29.
  10. ^ John Gittelsohn and Patrick Clark (August 17, 2018). "Dodgers Co-Owner Takes Stake in Beverly Hilton Hotel". Bloomberg L.P.
  11. ^ Glen Fest (November 17, 2017). "CLO Roundup: CBAM marketing its fourth $1B CLO of the year". American Banker.
  12. ^ "Stonebriar Commercial Finance Closes a $20 million Turn-Key Facility Lease". Stonebriar Commercial Finance. January 8, 2018.
  13. ^ Ron Ruggless (June 28, 2018). "NPC restructures, names Steve Layt to head Pizza Hut division". Nation's Restaurant News.
  14. ^ Curt Woodward (March 9, 2017). "Another $100 million in financing for DraftKings". The Boston Globe.
  15. ^ Iris Dorbian (July 23, 2018). "Prescient snags $50 mln Series E". PE Hub.
  16. ^ Kristy Westgard (June 21, 2018). "'Retail Apocalypse' Didn't Scare This Landlord Off an IPO". Bloomberg L.P.
  17. ^ Lexy Perez (July 9, 2018). "Beyonce, Jay-Z Among Headliners at Global Citizen Festival Honoring Nelson Mandela Centennial". The Hollywood Reporter.
  18. ^ Keith J. Kelly (May 31, 2016). "AdWeek, Clio Awards put up for sale". New York Post.
  19. ^ "Adweek acquired by private equity firm Beringer Capital". TechCrunch. Retrieved 19 July 2016.
  20. ^ "Clio Awards Acquired by Global Investment Firm Evolution Media". Adweek. Retrieved 2018-03-29.
  21. ^ "Hollywood Reporter-Billboard Group acquires Spin, Vibe and Stereogum". The Los Angeles Times. December 23, 2016. Retrieved December 13, 2018.
  22. ^ a b Faughnder, Ryan. "'House of Cards' producer MRC merges with Dick Clark Productions and Hollywood Reporter publisher". Los Angeles Times. Retrieved 2018-03-29.
  23. ^ a b Diane Haithman (February 2, 2018). "Billboard-Hollywood Reporter, Dick Clark Productions and MRC Merge as Valence Media". Los Angeles Business Journal.
  24. ^ Tony Maglio (February 1, 2018). "THR to Combine With Dick Clark Productions, 'House of Cards' Studio in New Todd Boehly Banner". TheWrap.

External links

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3 of Hearts (album)

3 of Hearts is an eponymous debut studio album by American girl group 3 of Hearts. It was released on March 6, 2001, through the record label RCA Nashville. 3 of Hearts is a teen pop and country music album, though according to some music critics, it leans more towards pop music. The album was managed by American producer Byron Gallimore; its marketing focused on the group's crossover appeal to target a teenaged and young-adult audience. 3 of Hearts performed on two national tours sponsored by Seventeen magazine and Walmart respectively, and the singers were featured in several marketing campaigns.

Reviews of 3 of Hearts were mixed; some critics praised the group's vocals and public image, but others criticized the songs as generic and lacking an authentic country sound. The album peaked at number 45 on Billboard's Top Country Albums chart. Two singles – "Love Is Enough" and "Arizona Rain" – were released and made appearances on the Country Airplay Billboard chart. The album's low sales and lack of appeal to country radio audiences led to RCA dropping the group.

Apple Music

Apple Music is a music and video streaming service developed by Apple Inc. Users select music to stream to their device on-demand, or they can listen to existing, curated playlists. The service also includes the Internet radio station Beats 1, which broadcasts live to over 100 countries 24 hours a day. The service was announced on June 8, 2015, and launched on June 30, 2015 in over 100 countries worldwide. New subscribers get a three-month free trial period before the service requires a monthly subscription.

Originally strictly a music service, Apple Music began expanding into video in 2016. Executive Jimmy Iovine has stated that the intention for the service is to become a "cultural platform", and Apple reportedly wants the service to be a "one-stop shop for pop culture". The company is actively investing heavily in the production and purchasing of video content, both in terms of music videos and concert footage that support music releases, as well as web series and feature films.

The original iOS version of Apple Music received mixed reviews, with criticism directed towards a user interface deemed "not intuitive". However, it was praised for its playlist curation, vast library of songs to stream, and its integration with other Apple devices and services. In iOS 10, the app received a significant redesign, which received positive reviews for an updated interface with less clutter, improved navigation, and bigger emphasis on users' libraries. Apple Music rapidly gained popularity after its launch, passing the milestone of 10 million subscribers in only six months. The service boasts 56 million subscribers around the world as of December 2018.

Bad Company discography

Bad Company discography consists of twelve studio albums, and six live albums. Additionally, they have released 29 singles and 6 music videos.

Although being a British band, Bad Company had more success in the United States than in the United Kingdom. Four of their albums were certified Gold by the British Phonographic Industry, while another four other albums were certified Multi-Platinum by the Recording Industry Association of America. Bad Company's most successful album was their 1974 debut, Bad Company. It was a Number One album on the Billboard 200 and also made the Top 3 on the UK Albums Chart. This album featured their biggest hit, "Can't Get Enough", which is their only Top 5 single on the Billboard Hot 100 and their highest charting single on the UK Singles Chart, where it reached #15 in 1974.

Billboard (magazine)

Billboard is an American entertainment media brand owned by the Billboard-Hollywood Reporter Media Group, a division of Eldridge Industries. It publishes pieces involving news, video, opinion, reviews, events, and style, and is also known for its music charts, including the Hot 100 and Billboard 200, tracking the most popular songs and albums in different genres. It also hosts events, owns a publishing firm, and operates several TV shows.

Billboard was founded in 1894 by William Donaldson and James Hennegan as a trade publication for bill posters. Donaldson later acquired Hennegen's interest in 1900 for $500. In the early years of the 20th century, it covered the entertainment industry, such as circuses, fairs, and burlesque shows, and also created a mail service for travelling entertainers. Billboard began focusing more on the music industry as the jukebox, phonograph, and radio became commonplace. Many topics it covered were spun-off into different magazines, including Amusement Business in 1961 to cover outdoor entertainment, so that it could focus on music. After Donaldson died in 1925, Billboard was passed down to his children and Hennegan's children, until it was sold to private investors in 1985, and has since been owned by various parties.

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"Bloodfeather" peaked at #5 on the Billboard Mainstream Rock chart on February 27, 2016 and a spent a total of 20 weeks on the chart.

Jar of Flies

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Jar of Flies was critically and commercially successful. On February 12, 1994, Jar of Flies debuted at No. 1 in the Billboard 200 chart, the first EP in music history to do so. On September 19, 1995, Jar of Flies was certified triple-platinum by the RIAA after exceeding the threshold of 1.5 million copies sold. In Canada, Jar of Flies was certified double-platinum for the sale of 200,000 copies. In Great Britain, the album was certified silver after selling 60,000 copies.

Jessica Chastain

Jessica Michelle Chastain (born March 24, 1977) is an American actress and producer. She is known for her portrayals of strong-willed women in films with feminist themes. Chastain's accolades include a Golden Globe Award and two Academy Award nominations. Time magazine named her one of the 100 most influential people in the world in 2012.

Born and raised in Sacramento, California, Chastain developed an interest in acting from a young age. In 1998, she made her professional stage debut as Shakespeare's Juliet. After studying acting at the Juilliard School, she was signed to a talent holding deal with the television producer John Wells. She was a recurring guest star in several television shows, including Law & Order: Trial by Jury. She also took on roles in the stage productions of Anton Chekhov's play The Cherry Orchard in 2004 and Oscar Wilde's tragedy Salome in 2006.

Chastain made her film debut in the drama Jolene (2008), and gained wide recognition in 2011 for starring roles in half a dozen films, including the dramas Take Shelter and The Tree of Life. Her performance as an aspiring socialite in The Help earned her a nomination for the Academy Award for Best Supporting Actress. In 2012, she won a Golden Globe Award and received a nomination for the Academy Award for Best Actress for playing a CIA analyst in the thriller Zero Dark Thirty. Chastain made her Broadway debut in a revival of The Heiress in the same year. Her highest-grossing releases came with the science fiction films Interstellar (2014) and The Martian (2015), and she continued to receive critical acclaim for her performances in the dramas A Most Violent Year (2014), Miss Sloane (2016), and Molly's Game (2017).

Chastain is the founder of the production company Freckle Films, which was created to promote diversity in film. She is vocal about mental health issues, as well as gender and racial equality. She is married to fashion executive Gian Luca Passi de Preposulo, with whom she has a daughter.

Media Rights Capital

Media Rights Capital (abbreviated as MRC) is an American independent film and television studio founded by Mordecai (Modi) Wiczyk and Asif Satchu. MRC specializes in the creation of premium content. It has full in-house development, physical production, legal, finance and corporate development teams. MRC has distributed its films through many major domestic and international distributors in the industry. MRC's best-known productions include House of Cards and several films by Universal Pictures.

MRC's investors include Guggenheim Partners, AT&T, WPP Group, Goldman Sachs and ABRY Partners.On February 1, 2018, Eldridge Industries formed Valence Media, a new media company consisting of Media Rights Capital, The Hollywood Reporter, Dick Clark Productions, and Billboard.

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Prometheus Global Media

Prometheus Global Media was a New York City-based B2B media company. The company was formed in December 2009, when Nielsen Company sold its entertainment and media division to a private equity-backed group led by Pluribus Capital Management and Guggenheim Partners. Guggenheim acquired Pluribus's stake in the company in January 2013, giving it full ownership under the division of Guggenheim Digital Media.

The company owned and operated a number of major entertainment industry trade publications and their associated digital properties, including Adweek, Backstage, Billboard, Film Journal International, and The Hollywood Reporter.

On December 17, 2015, it was announced that Guggenheim would spin out its media properties to a group led by former executive Todd Boehly, known as Eldridge Industries.

Pru (album)

Pru is the debut studio album by American singer Pru. It was released on November 7, 2000, through Capitol Records. Pru was managed by Capitol Records executive Roy Lott, who had signed Pru to Warner/Chappell Music Publishing after being impressed by her songwriting and voice on a demo tape. Pru collaborated with Ben Garrison, the Characters, and Rick Williams on the album.

According to Lott, Pru was part of Capitol Records' attempts to attract a wider audience through her crossover appeal. According to music critics, the album encompasses several genres, with some commentators noting influences from neo soul. Pru also used poetry as an inspiration for writing music.

Reviews of the album were generally positive, singling out in particular its composition and Pru's voice. They also compared her favorably to contemporary artists. The album peaked at number 176 on the Billboard 200 chart, an achievement made possible in part by an intensive marketing strategy devised by Capitol Records executives. Two singles – "Candles" and "Aaroma (of a Man)" [sic] – were released to positive reviews. "Candles" peaked at number 68 on the Hot R&B/Hip-Hop Songs Billboard chart.

Ridiculously Self-Indulgent, Ill-Advised Vanity Tour

The Ridiculously Self-Indulgent, Ill-Advised Vanity Tour is a concert tour performed by American musician and satirist "Weird Al" Yankovic. The tour supports Yankovic's ninth compilation album, Medium Rarities (2017). Intended to be a more intimate and less stylized production compared to his previous concert tour, the Vanity Tour focuses on Yankovic's older material and original songs. The 76-date North American tour was announced in October 2017, and includes 68 shows in the United States and eight shows in Canada. On June 25, recordings of the entire tour were released on Stitcher Premium.

ShoWare Center

The accesso ShoWare Center is a multi-purpose arena in Kent, Washington, United States.

SpinMedia

SpinMedia (formerly Buzz Media) was an American digital publisher which owned a number of pop culture websites, including Spin, Stereogum, Vibe and The Frisky.Buzz Media was founded by Anthony Batt (CEO), Marc Brown, Kevin Woolery, and Steve Haldane under the name Buzznet.

Batt and Brown started a blog in 1999, and by 2006 Buzznet had a total of nine people in the Los Angeles, California area. The Buzz media name was created as the company started to acquire more pop-culture and music blogs.

The company announced on March 19, 2009, it raised US$12.5 million in funding from venture capitalists that include companies that had already invested in the company, such as Anthem Ventures, New Enterprise Associates, Redpoint Ventures, and Sutter Hill Ventures, as well as new investor Focus Ventures.It acquired Spin Media, publisher of Spin magazine in July 2012.

After shutting down the print version of the magazine, reducing its staff to about 200, and focusing on advertising, it rebranded itself as SpinMedia in March 2013.

At that time, Steve Hansen became its chief executive.

In April 2013, it acquired Vibe magazine. In 2014, M/C Partners became the primary owner of SpinMedia after an assignment for benefit of creditors. That year Buzz Media also acquired music sites Property of Zack, AbsolutePunk.net, and Punknews.org.In September 2016, SpinMedia sold Buzznet, Idolator, and PureVolume to startup corporation Hive Media. In December 2016, Eldridge Industries acquired Spin, Vibe, Stereogum, and Death and Taxes via the Hollywood Reporter-Billboard Media Group for an undisclosed amount. Celebuzz, The Frisky, and The Superficial were sold to CPX Interactive.

The Hollywood Reporter

The Hollywood Reporter (THR) is an American digital and print magazine, and website, which focuses on the Hollywood film, television, and entertainment industries. It was founded in 1930 as a daily trade paper, and in 2010 switched to a weekly large-format print magazine with a revamped website.

Headquartered in Los Angeles, THR is part of the Billboard-Hollywood Reporter Media Group, a group of properties that includes Billboard and SpinMedia. It is owned by Valence Media, a holding company co-founded by Todd Boehly, an executive of its previous owners, Guggenheim Partners and Eldridge Industries.

Todd Boehly

Todd Boehly is an American businessman, investor, and philanthropist. He is the Chairman, Chief Executive Officer and controlling member of Eldridge Industries, a private investment firm headquartered in Greenwich, Connecticut.

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Wildflower (the JaneDear girls song)

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