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MRC Television projects include: “Ozark,” “The Great,” “The Terminal List,” “Poker Face,” “Ted,” “Shrink Next Door,” “Shining Girls,” “Hello Tomorrow!,” “Time Bandits,” “Lucia,” “The Outsider,” and “House of Cards ” MRC Film titles include “Ted,” “Knives Out,” “Baby Driver,” “Elysium,” “Bruno,” “Babel,” “Persuasion,” “Jerry and Marge Go Large,” “Saltburn,” “The Mothership,” “The Blackening,” and “The Lovebirds.” MRC Non-Fiction recently debuted “The Sparks Brothers,” and has upcoming projects with filmmakers including Ahmir Thompson, Zackary Drucker, Bao Nguyen, Kief Davidson, Yemi Bamiro, Zach Heinzerling, Sacha Jenkins, Clair Titley and others. To date, MRC has been nominated for 111 Emmy® Awards, 29 Golden Globe ® Awards, 12 Academy® Awards and 2 GRAMMY Awards® and its films have grossed more than $6 Billion in worldwide box office. MRC is the leading independent entertainment studio which develops, finances and produces some of the world’s most iconic, award-winning and prestigious television series, films, and non-fiction documentaries with the industry’s foremost creative artists.

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“We are excited by the teams and strategy across our investments in digital media, film and TV production, focused on bringing thoughtful and dynamic storytelling to audiences across multiple platforms and through the power of live entertainment.”Ī transition structure will be implemented over the next several months to ensure long-term stability and maximum growth for all the entities. “The announcement today marks a significant milestone for Eldridge and MRC, representing our commitment to building successful brands in the industry,” said Eldridge Co-founder, Chairman and CEO, Todd Boehly. “We thank Eldridge for their continued partnership and wish all of our colleagues the very best for the future.” And our minority holdings have enjoyed wonderful periods of growth,” said Satchu and Wiczyk. Our Film, Television and Non-Fiction studio businesses have all experienced a quadrupling of their slates. The Live & Alternative group changed the model for awards shows, bringing them into the streaming age.

We are immensely proud of our team’s resulting success. “When we combined forces in 2018, we set out to accomplish an ambitious set of objectives. Eldridge will also remain as a significant minority shareholder in MRC. MRC will also retain its stakes in Civic Center Media and T-Street.Įldridge will retain dick clark productions, investments in A24, Fulwell 73, Sugar 23, and Luminate, as well as the Penske Media Corporation, which includes The Hollywood Reporter, Variety, Billboard, Rolling Stone, Vibe, Music Business Worldwide, Life is Beautiful, and the investment in South by Southwest. MRC, led by founders and co-CEOs Modi Wiczyk and Asif Satchu, will retain and control its existing operations as the leading independent studio, with three distinct divisions - Film, Television and Non-Fiction.

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Claim your 1-week free trial here.Įldridge and MRC today jointly announced that they have completed the separation of combined media assets. We thank Eldridge for their continued partnership and wish all of our colleagues the very best for the future.Get inside Wall Street with StreetInsider Premium. And our minority holdings have enjoyed wonderful periods of growth.

“We are immensely proud of our team’s resulting success. “When we combined forces in 2018, we set out to accomplish an ambitious set of objectives,” MRC’s founders and co-CEOs Modi Wiczyk and Asif Satchu said in a statement.

The companies said that a transition structure will be put in place over the next several months in order to ensure a smooth separation. “We are excited by the teams and strategy across our investments in digital media, film and TV production, focused on bringing thoughtful and dynamic storytelling to audiences across multiple platforms and through the power of live entertainment.” “The announcement today marks a significant milestone for Eldridge and MRC, representing our commitment to building successful brands in the industry,” Boehly said in a statement. MRC, meanwhile, will retain its own film and television studio, and its investments in Civic Center Media and T-Street. Rolling Stone & P-MRC Acquire Las Vegas' Life Is Beautiful Festival