WHEELHOUSE SECURES MINORITY INVESTMENT FROM ALIGNMENT GROWTH TO SCALE THE NEXT GENERATION ENTERTAINMENT COMPANY

StreetInsider04-25

Funding Round will Help Accelerate Wheelhouse's Expansion via Talent Acquisition and M&A NEW YORK, April 25, 2024 /PRNewswire/ -- Wheelhouse, an independent content and talent platform, announced ...

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NEW YORK, April 25, 2024 /PRNewswire/ -- Wheelhouse, an independent content and talent platform, announced today its first outside capital raise. The round, led by investment firm Alignment Growth, will enable Wheelhouse to build an infrastructure that attracts industry-leading talent and accelerates growth via strategic acquisitions. As part of the transaction, Alignment Growth Partner Jeff Bewkes joins the Wheelhouse Board of Directors.Today, Wheelhouse is comprised of several production companies, including Spoke Studios, Campfire, Butternut, Wheelhouse UK and DNA. It also has production partnerships in place with Jimmy Kimmel's Kimmelot and Chef David Chang's Majordomo Media. Wheelhouse's marketing, digital, audio and management arms complement its production capabilities, creating a multi-faceted flywheel uniting all parts in one ecosystem.About Wheelhouse  Wheelhouse is a content and talent ","collect":0,"end_time":0,"defaultTopTitle":"streetinsider.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4524":"宅经济概念","BK4527":"明星科技股","BK4588":"碎股","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1046421795.USD":"富达环球科技A-ACC","BK4551":"寇图资本持仓","SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC","LU1548497426.USD":"安联环球人工智能AT Acc","BK4581":"高盛持仓","NFLX":"奈飞","BK4548":"巴美列捷福持仓","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","NEXT":"NextDecade Corporation","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4532":"文艺复兴科技持仓","BK4144":"石油与天然气的储存和运输","BK4566":"资本集团","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4585":"ETF&股票定投概念","BK4108":"电影和娱乐","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","BK4534":"瑞士信贷持仓","LU1823568750.SGD":"Fidelity Global Technology A-ACC SGD","BK4507":"流媒体概念","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","ROKU":"Roku Inc","BK4587":"ChatGPT概念"},"translate_title":"WHEELHOUSE从ALIGNMENT GROWTH获得少数股权投资，以扩大下一代娱乐公司的规模","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NEXT":1,"ROKU":0.9,"NFLX":0.9},"content_text":"Funding Round will Help Accelerate Wheelhouse's Expansion via Talent Acquisition and M&A\nNEW YORK, April 25, 2024 /PRNewswire/ -- Wheelhouse, an independent content and talent platform, announced today its first outside capital raise. The round, led by investment firm Alignment Growth, will enable Wheelhouse to build an infrastructure that attracts industry-leading talent and accelerates growth via strategic acquisitions. As part of the transaction, Alignment Growth Partner Jeff Bewkes joins the Wheelhouse Board of Directors. \n\n\n\n\n\nToday, Wheelhouse is comprised of several production companies, including Spoke Studios, Campfire, Butternut, Wheelhouse UK and DNA. It also has production partnerships in place with Jimmy Kimmel's Kimmelot and Chef David Chang's Majordomo Media. Wheelhouse's marketing, digital, audio and management arms complement its production capabilities, creating a multi-faceted flywheel uniting all parts in one ecosystem.\nWheelhouse's television and streaming series include Netflix's King of Collectibles with Executive Producer Peyton Manning, Buying Beverly Hills and recent #1 Netflix hit romcom Players; Hulu's Secret Chef with David Chang, the EmmyÒ-winning WeWork: Or the Making and Breaking of a $47 Billion Unicorn and the upcoming Got to Get Out; Max's Smartless: On the Road; and Roku's Celebrity Family Cookoff with Executive Producer and star Sofia Vergara, among others. In 2023, Wheelhouse sold 20 series that are in various stages of production for networks and platforms including Netflix, Hulu, Roku, Paramount+, HGTV, Food Network and OWN. \nThe Wheelhouse-Alignment Growth deal was spearheaded by Alignment Growth Partner Kevin Tsujihara, Wheelhouse President & General Counsel Rob Lia and Chief Strategy Officer Ed Simpson, who leads M&A.\nWheelhouse was founded in 2018 by repeat founder and CEO Brent Montgomery. Prior to starting Wheelhouse, Montgomery founded and sold Leftfield Entertainment to ITV in 2014. \nSaid Montgomery, \"We are building Wheelhouse as a collective of global creatives who not only shine on their own, but truly want to partner with one another across labels and divisions so we're thrilled that Alignment's investment will allow us to supersize our efforts engaging talent in front of and behind the camera.\" \nJeff Bewkes, Founding Partner at Alignment Growth, added, \"We are excited to partner with and support Brent, a seasoned operator and a magnet for the best talent in non-scripted. His success in the space is unparalleled, and his team is well-positioned to build Wheelhouse into one of the preeminent names across the industry.\"\nAbout Wheelhouse  Wheelhouse is a content and talent platform founded in 2018 by entrepreneur Brent Montgomery, the founder of Leftfield Entertainment, and former ITV America CEO. The multi-faceted business encompasses Wheelhouse Entertainment (which includes production entities Spoke Studios, Campfire, Butternut, Wheelhouse UK and DNA, as well as physical production partnerships with Chef David Chang's Majordomo Media and Jimmy Kimmel's Kimmelot), marketing arm Wheelhouse Labs, digital division Wheelhouse DNA and talent management company Additive Creative Partners. Wheelhouse's television and streaming series include Netflix's King of Collectibles with Executive Producer Peyton Manning, Players and Buying Beverly Hills; Hulu's Secret Chef with David Chang, the Emmy-winning WeWork: Or the Making and Breaking of a $47 Billion Unicorn and the upcoming Got to Get Out; Max's Smartless: On the Road; and Roku's Celebrity Family Cookoff with Executive Producer and star Sofia Vergara, among others. Wheelhouse maintains operations in NYC, Los Angeles, Stamford and London.\nAbout Alignment Growth  Alignment Growth invests in growth-stage companies across media, entertainment and gaming (\"MEG\") globally. Alignment Growth seeks to drive value creation in partnership with its portfolio companies by leveraging its team's senior executive operating, strategic and dealmaking experience at global Fortune 500 MEG companies.\n View original content to download multimedia:https://www.prnewswire.com/news-releases/wheelhouse-secures-minority-investment-from-alignment-growth-to-scale-the-next-generation-entertainment-company-302127712.html\nSOURCE Alignment Growth","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2430238252"}