Latest news with #RelativityMedia
Yahoo
08-05-2025
- Business
- Yahoo
Content Partners Capital And Relativity Media Announce Strategic Growth Capital Investment
Investment underscores CPC's rapid momentum in supporting exceptional entertainment ventures and arms Relativity Media with incremental investment capital LOS ANGELES, May 8, 2025 /PRNewswire/ -- Content Partners Capital (CPC), the newly launched private capital division of leading entertainment investment company Content Partners, and Relativity Media today announced the successful closing of a strategic growth financing. The investment marks a major step in CPC's mission to provide bespoke capital solutions to entertainment and media businesses while supporting the transformation of one of Hollywood's most storied names. The deal will bolster Relativity Media's capital base for acquiring new films for theatrical distribution and accelerate key business initiatives, including expanding its Film and Television library, acquiring additional intellectual property, and building out its focus on high quality, wide-audience independent Film and Television. "This transaction exemplifies our core thesis at Content Partners Capital — to back strong intellectual property platforms with the right leadership and a clear vision for growth," said Alphonse Lordo, Partner at Content Partners Capital. "Relativity Media represents a rare combination of proven legacy, revitalized leadership, and a forward-looking strategy that aligns with where the film and television market is headed. Our investment supports their ambition to scale high-quality content while reinforcing CPC's commitment to fueling the next generation of media businesses through tailored, strategic capital." Relativity intends to spend approximately $100mm acquiring domestic film rights over the next three – five years. Lex Miron, Relativity Media's CEO, noted, "We are excited about the strategic partnership with Content Partners Capital, and believe that together we can grow our Revenue and EBITDA significantly over the near term. We have a strong management team, a high quality library, a healthy pipeline of new projects and a robust capital structure. Our relationship with CPC will provide a key ingredient to accelerate Relativity Media's return to the forefront of independent film studios." The investment in Relativity reflects the continued momentum of CPC as it accelerates its investment strategy across content-driven businesses and entertainment assets. Since its launch, CPC has quickly established itself as a force in specialized finance for media, entertainment, and creative IP — combining deep industry expertise with unique financing structures. About Content Partners: Content Partners is a Los Angeles-based investment company founded in 2006 by Steven Blume and Steven Kram, and is the worldwide leader in acquiring films, television programming, and related royalties. The company purchases such assets from investors, producers, writers, directors, actors, and musicians. Target acquisitions include film, television, and music assets that are generating cash flow and have long-term distribution deals with major studios, networks, publishers, and other distribution channels. Since its inception, Content Partners has acquired interests in over 600 studio-release films and more than 3,000 hours of television. About Content Partners Capital:Content Partners Capital is the private capital investment arm of Content Partners, led by Alphonse Lordo a 20-year banking veteran. CPC provides customized capital solutions for businesses and IP-driven assets in the entertainment sector. About Relativity Media: Since 2018, Relativity Media has been owned by UltraV Holdings LLC, a partnership between David Robbins, Lex Miron, and funds managed by Sound Point Capital. Relativity has a film library of nearly 200 films and intends to release 14 new films by 2027. The Company partners with best-in-class film and television creative teams, distributes talent-driven, wide-release, new films and seeks to acquire stand out IP and complementary companies. View original content to download multimedia: SOURCE Content Partners Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
06-04-2025
- Entertainment
- Yahoo
YouTuber Ethan Klein Loses Anti-SLAPP Appeal in Producer Ryan Kavanaugh Defamation Case
YouTuber Ethan Klein lost a motion to dismiss the defamation case brought against him by producer Ryan Kavanaugh after the California Court of Appeal upheld a prior ruling on Thursday. Klein — who is famous for his H3H3 podcast and Internet troll persona — filed an anti-SLAPP motion to try to get the former Relativity Media CEO and film financier's initial complaint stricken, claiming his comments fall under free speech after Kavanaugh accused the influencer of defamation. 'Ryan Kavanaugh brought an action against Ethan Klein and Ted Entertainment, Inc. (TEI) for defamation and defamation by implication alleging they falsely accused him of running a Ponzi scheme,' the court explained in summary in documents obtained by TheWrap. 'The trial court denied defendants' anti-SLAPP motion to strike Kavanaugh's complaint. We affirm.' According to the filings, the case started when Variety published a June 2019 article entitled, 'Ryan Kavanaugh Accused by Ex-Partner of Running a Ponzi Scheme.' In it, the trade wrote that 'Elon Spar filed a lawsuit against Kavanaugh in Los Angeles Superior Court on June 6, 2019, alleging Kavanaugh persuadedhim to go into business with Kavanaugh under false pretenses. Spar had developed an idea for a stock exchange in which buyers could purchase equity in film projects.' However, the outlet later updated its coverage to include a statement from Kavanaugh's team that he and Spar had 'satisfactorily resolved all of their issues.' Then in April 2021, Triller Fight Club II sued Klein and his podcast company for copyright infringement after they used footage of their pay-per-view fight and music event without permission. At the time, Klein alleged that Kavanaugh was behind the lawsuit despite not being directly involved (the former Relativity Media producer was also the founder of Proxima Media, which had a controlling stake in Triller from 2019-2022). 'Kavanaugh's complaint alleges that beginning on June 11, 2021, Klein launched a campaign to harass and defame him in retaliation for Triller Fight Club II's copyright action,' the court docs detailed. 'Klein used his YouTube channels and other social media platforms to disseminate the defamatory accusation in the Variety article that Kavanaugh ran a Ponzi scheme. Within hours of its publication in Variety, that accusation had been retracted and the article had been corrected. Klein knew of the retraction and correction but repeatedly republished the false accusation over the following months.' Ultimately, Kavanaugh's lawyer Amy McCann Roller issued the following statement: 'This is an important case about the growth of online and professional trolling, which required a real analysis of when free speech is no longer a harmless opinion.' According to the court, Kavanaugh will now be allowed to pursue damages. The post YouTuber Ethan Klein Loses Anti-SLAPP Appeal in Producer Ryan Kavanaugh Defamation Case appeared first on TheWrap.
