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Range Media secures capital injection from investor group including Liberty Global

US talent management and production firm Range Media Partners has secured a minority investment from a group of companies including John Malone’s Liberty Global.

Peter Micelli

New York-based family office Wildcat Capital Management, family entertainment company Playground Productions and Forest Road Asset Management were also part of the investor group, with the funds to be used for growth initiatives and strategic acquisitions.

Specifically, Range Media said the capital injection would allow it to “fortify its marketplace position in the US while scaling in existing and new international territories, bolster its unique value proposition with additive capabilities across representation and production, supercharge organic growth along with new ventures and acquisitions, and fuel more ways to expand its business in lucrative, highly innovative sectors through key investments.” Financial terms of the deal were not disclosed.

Founded in summer 2020 by former CAA agent and Entertainment One chief strategy officer Peter Micelli and a group of more than a dozen high-profile agents, Range Media has a talent roster spanning television, film, digital, music, sports and brands.

Over the past 12 months, the company has merged its film production business with Automatik, launched a music publishing division, doubled down on its Range Sports division and tapped former Fremantle UK CEO Simon Andreae as co-president of Range Studios’ unscripted division.

The new group joins Range’s existing investors Point72 Ventures and A+E Networks, the latter of which made a minority investment in the business in 2021.

US- and UK-based M&A advisor ACF Investment Bank advised the investor group in the deal. This is marks the first time ACF has advised on a deal involving Forest Road Asset Management since it was majority acquired by the American merchant bank earlier this year.

Micelli said: “We founded Range with the express intention to build a multi-vertical, full-service offering, one that extends beyond the traditional business of film & TV representation in order to catapult client careers and ambitions through the broader entertainment and media landscape as well as through technology and diversified ventures.

“We saw the dynamic changes happening, our clients were feeling them through the ripple effect, and we wanted to be more aggressive in how we could advantageously leverage those changes accordingly.”

Range Media MD Jack Whigham added: “We have been very deliberate during this process, wanting to find top-tier, blue-chip partners who have a unique perspective on our industry and are as committed as we are to an innovative long-term strategy to unlock global value for our clients.

‘We are honoured to move into this transformative phase with Liberty Global, along with the other first-rate financial sponsors, at our side to continue to meaningfully diversify our business through investment and acquisition.”

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