This deal is set to fuel the growth of Entertainment 360 in the competitive entertainment industry. The current leadership team will stay in place, ensuring continuity in the management of the company.
The board communicated to staff that this partnership will enhance the services offered to their clients. They emphasized, “Our clients are at the center of everything we do.” The investment aims to help the company adapt and thrive in a changing entertainment landscape.
Entertainment 360 believes Carlyle shares its values and recognizes the importance of fostering talent and creativity that leads to impactful content. They also see Carlyle’s strong reputation as a significant advantage for the future.
Ben Fund, a Managing Director at Carlyle, expressed enthusiasm about this new venture: “We’re excited to partner with Entertainment 360 as they move into a new growth phase. They have a proven track record of working with top talent, and we see plenty of opportunities ahead.”
Carlyle has invested over $14 billion in the sports, media, and entertainment sectors since 2017. With a robust $194 billion in assets under management, Carlyle looks to support quality companies with private capital.
The Raine Group and Venable LLP served as advisors to Entertainment 360 during this transaction.
About Entertainment 360: Founded in 2002, Entertainment 360 manages a select group of actors, writers, directors, and showrunners. The firm offers comprehensive management and access to a strong development team, focusing on producing original projects as well as acquiring outside material.
About Carlyle: Carlyle (NASDAQ: CG) invests globally across several sectors, including private equity and credit. With a mission to create value for its investors and the communities they serve, Carlyle employs over 2,300 people in 29 offices worldwide. You can learn more at www.carlyle.com.
Check out this related article: Entertainment 360 Secures Strategic Investment from Carlyle: What This Means for the Future of the Industry
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