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Range Media Partners received minority investment from Verance Capital to fuel expansion in sports.

Aug 14, 2024over 1 year ago
Santa MonicaFilmFilm ProductionMedia And Entertainment

Investors

Playground ProductionsWildcat Capital ManagementLiberty GlobalVerance Capital

Description

Range Media Partners has secured a minority investment from Verance Capital to drive growth opportunities and strategic acquisitions, particularly within its sports division. The company aims to expand its operations and enhance its capabilities in the industry.

Company Information

Company

Range Media Partners

Location

Santa Monica, California, United States

About

Range Media Partners guides the most creatively ambitious minds in building cultural capital, amplifying their truly remarkable & diverse voices and unlocking full global value in all businesses. Through talent representation, production, storytelling, live experiences, data, Web3/AI strategies, and venture incubation, we drive strategic growth and innovation for our clients spanning film, television, music, sports, literary, digital, gaming, activism, business, and brands. Our mission is to maximize value, diversify & scale opportunities, and build the future of entertainment and culture. From supporting athlete endeavors on and off-field, to developing premium content, to monetizing rights holder assets, Range Sports’s goal is to build a thriving ecosystem for talent, properties, and brands in sports. In collaboration with Range’s television and film studio, Range Sports develops scripted and unscripted projects while also advising clients on commercial rights, media/content distribution, brand partnerships, and business development/incubation.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers