LOS ANGELES (January 4, 2017) – Los Angeles-based investment firm Content Partners, LLC and its affiliate, CP Enterprises, have acquired Revolution Studios. Revolution, whose numerous hit films have included xXx, Anger Management, Black Hawk Down and Daddy Day Care, had been owned since 2014 by investment funds managed by affiliates of Fortress Investment Group.
Under its new ownership, Revolution will continue to operate as a stand-alone business. The company is led by Chief Executive Officer Vince Totino and Chief Operating Officer Scott Hemming, who now also serves as President. Under their leadership the company acquired rights to 80 additional feature films, produced xXx: Return of Xander Cage, scheduled for worldwide release by Paramount Pictures on January 20, 2017, and have secured deals to exploit additional derivative opportunities from the company’s library.
“Revolution Studios brings with it not only rights to a large catalogue of valuable and durable intellectual properties, but also a wealth of expertise in managing and adding value to film and television assets,” said Content Partners co-founders Steven H. Kram and Steven E. Blume. “We look forward to a long and profitable collaboration with Vince and Scott and the rest of the Revolution team as we continue to acquire best-in-class companies and entertainment assets.”
“We are extremely excited to begin this next chapter in the Revolution Studios story,” said Totino. “Content Partners, with its unique and successful investment strategy in entertainment properties, complements Revolution’s approach to exploiting film and television products across all media.”
“We have significantly expanded the Revolution library over the past two and a half years and validated that not only is there strong worldwide licensing demand for quality library content, there is significant value in derivative rights as well,” added Hemming. “We look forward to continuing this success with Content Partners.”
About Revolution Studios
Revolution Studios is a diversified entertainment company that owns, acquires and exploits film, television and stage productions. Led by CEO Vince Totino and President and COO Scott Hemming, the company boasts one of the largest independent libraries of premium content, including 126 motion pictures which collectively earned more than $7.1 billion in box office receipts, as well as 240 television episodes. Revolution produced the soon-to-be-released xXx: Return of Xander Cage, as well as 46 of the motion pictures in its library, including Maid in Manhattan, Anger Management, Daddy Day Care, America’s Sweethearts, Hellboy, xXx, White Chicks and the Academy Award®-winning Black Hawk Down. More recently, Revolution has acquired 80 movies through library acquisitions, including those of Morgan Creek International, Cold Spring Pictures and GK Films. Originally founded by Joe Roth in 2000, the company was acquired by Content Partners in January 2017.
About Content Partners
Content Partners is a unique investment company that acquires profitable and cash flowing entertainment intellectual property rights in film, television and music. Acquisitions have included complete film and television libraries, investments held by banks and other institutional investors, and passive cash flows held by individual creative artists involved in the entertainment business. Since its founding in 2006, Content Partners has purchased interests in more than 350 films and over 1,500 hours of television. The firm is a SEC registered investment adviser. The company is headquartered in Los Angeles, California.
For further information contact:
Mayer & Associates