Variety: Blumhouse Television has set up shop with ITV Studios, which has bought a 45% stake in Jason Blum’s growing TV production arm. The deal calls for Blumhouse and ITV Studios to set up an autonomous studio operation focusing on what Blumhouse described as “dark genre programming for global audiences.”
Hollywood Reporter: Helped by its cozy relationship with part-owner CAA, Evolution Media Capital has advised on more than $44 billion in transactions for clients since 2008, many of which are sports-related.
Sports Business Journal: MLBAM’s BAMTech subsidiary has signed a deal worth at least $300M with Riot Games for streaming, sales and tech development rights to League of Legends, a groundbreaking arrangement that will remake the economics of one of the world’s most popular e-sports properties.
Sports Business Journal: Evolution Media Capital executives describe their company as a merchant bank with advisory capabilities for media rights, M&A and raising capital. For co-founder and co-managing partner Bob Stanley, the group’s work with the Sacramento Kings illustrates how EMC is a “one-stop shop” for leagues and teams.
Variety: The principal investing side of CAA’s Evolution Media Capital merchant bank coaxed $350 million more from two existing funders, lifting its allocated capital to $500 million.
Entertainment One: Entertainment One (“eOne”) and The Mark Gordon Company are pleased to announce that they have partnered to create an independent studio that will finance and produce film, network, cable, and digital premium content, which eOne will distribute internationally. The venture, which is led by Mark Gordon in the role of Chief Executive Officer, will continue producing Mark Gordon premium content and will also expand to finance projects by other producers.
Sports Business Journal: The Sacramento Kings have signed a 20-year media rights extension with NBC Sports Group worth between $690 million and $700 million, another sign of the team’s resurgence under owner Vivek Ranadivé. The new deal replaces an agreement that expired this summer. It was negotiated by Kings President Chris Granger and NBC Sports Group President Jon Litner. Evolution Media Capital’s Alan Gold consulted with the Kings in negotiating the new agreement.