Private equity film-library buyers seed new production funds to add value to acquired catalogs

Evidence

In 2015, the consortium Ambi Group, backed by PE firm Raven Capital Management, acquired the library of Exclusive Media Group, which contains approximately four hundred titles, including Cruel Intentions (Roger Kumble, 1999), Memento (Christopher Nolan, 2000), The Mexican (Gore Verbinski, 2001), Donnie Darko (Richard Kelly, 2001), and The Ides of March (George Clooney, 2011). To add value to the library, a film fund was also established to finance and produce mid-level, star-driven films, similar to the previously mentioned STX. — Andrew deWaard, Derivative Media, 302

Categorization

• DEFINE: Concretely illustrates the PE library acquisition plus production-fund strategy that the reader must trace through the book.