Content Partners Capital, the newly launched private capital division of Content Partners, and Relativity Media have closed a strategic growth financing, a move they say marks a major step in CPC’s mission to offer “bespoke capital solutions to entertainment and media businesses” while supporting the transformation of a well-known Hollywood name.
CPC’s first investment will bolster Relativity Media’s capital base for acquiring new films for theatrical distribution and help it expand its film and television library, acquire IP and build out its independent film and TV slate. The size of the investment wasn’t disclosed. Relativity CEO Lex Miron said the company intends to deploy approximately $100 million in new film and television projects over the next three to five years. The plans is to release 4-6 projects within the next year, and 7-10 projects within the next two years.
“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 partner Alphonse Lordo.
Relativity releases over the past two years include Hypnotic, Freelance, The Independent and Man in the White Van. It owns some rights related to Limitless, The Fighter, Act of Valor, 21 & Over and The Best of Me.
“Our relationship with CPC will provide a key ingredient” to accelerate Relativity Media’s return as an independent film studio,” said Miron.
