City Redbird Showbiz Latest News and Updates

EXCLUSIVE: While Ben Affleck just started Monday directing the untitled drama about maverick sneaker salesman Sonny Vaccaro (Matt Damon)’s dogged pursuit to get Michael Jordan to lace up in Nike shoes, Affleck and Damon are getting traction on their own groundbreaking endeavor.

EXCLUSIVE: The SpringHill Company, which recently received a minority investment valuing it at $725 million, has announced a key promotion and two senior exec hires as part of an ongoing expansion.

LeBron James’ SpringHill Company has sold what is being called a “significant minority stake” to a group of investors led by RedBird Capital. The investment values SpringHill at $725 million.In addition to RedBird, Fenway Sports Group, Nike and Epic Games round out the group.

Capitalizing on a red-hot deal market, LeBron James’s SpringHill Company has sold what it calls a “significant” minority stake to RedBird Capital Partners, Fenway Sports Group, Nike and Epic Games.

SpringHill Co., the media and entertainment company controlled by LeBron James and Maverick Carter, is moving closer to clinching an investment led by RedBird Capital Partners.

Variety reported that Fenway Sports Group and Nike would also be part of the consortium. The investment would value the production company between $650 million and $700 million.

Matt Donnelly Senior Film WriterLeBron James’ content company SpringHill is in advanced talks to secure a significant strategic investment from a consortium including Fenway Sports Group, RedBird Capital and Nike, insiders told Variety.While the NBA legend and his longtime business partner Maverick Carter have expressly told potential suitors they are not looking for a full acquisition, sources said the new investment partners would flush the operation with cash and value the entity between

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Dade Hayes Finance EditorKevin Mayer, who spearheaded Disney’s pivot to direct-to-consumer streaming and briefly served as TikTok’s CEO, has joined billionaire Len Blavatnik’s investment company Access Industries as a senior media adviser.Blavatnik has stakes in Warner Music Group, which recently had a successful IPO, as well as sports streaming service DAZN and music and audio streaming outlet Deezer.Mayer, who had been in talks with private equity firm RedBird Capital, will focus on Access’

Matt Donnelly Senior Film WriterThe increasingly Hollywood-friendly RedBird Capital Partners is making a big splash on the West Coast.The private investment firm is opening a Los Angeles shop with a big new hire as anchor, the veteran Goldman Sachs executive Andy Gordon, who will join the company as a partner in the first quarter of 2021.Recent RedBird transactions include investments in David Ellison’s Sykdance Media, Tencent, and CJ Entertainment.

Jill Goldsmith Co-Business EditorKevin Mayer — the longtime Walt Disney dealmaker and short-lived TikTok CEO — is in talks to join RedBird Capital, an investment firm with holdings in entertainment and sports, including David Ellison’s Skydance Media, someone familiar with the situation confirmed.Oracle, founded and run by Ellison’s father Larry Ellison, is trying to secure a deal to acquire TikTok with partners in an ongoing and tortured process.

@DanyGarciaCo & #GerryCardinale and our sharp, hungry team.

Dwayne Johnson is to become a co-owner of the revamped XFL American football league after agreeing to a deal to buy out his old WWE boss Vince McMahon.The league was set to go to a bankruptcy auction this week (August 9, 2020) but Johnson, his ex-wife and current manager Dany Garcia, and RedBird Capital have closed a deal to acquire the XFL’s parent company, Alpha Entertainment, for $15 million.In a statement to The Hollywood Reporter, XFL president Tom Pollock called the deal “a Hollywood

Dwayne “The Rock” Johnson is part of a group that just purchased the XLF, the bankrupt football league based in the USA.

The Rock just bought a football league.

Scott Soshnick The XFL has been sold to a group that includes former WWE star Dwayne “The Rock’’ Johnson, giving the bankrupt football league the kind of star power that may draw even non-sports fans.