Content Partners LLC a prominent Hollywood investment firm that buys out backend profit participation from talent and production companies and has amassed a large holding of movie and TV titles is looking to expand its business.
The Los Angeles-based company, co-founded by Steve Kram and Steven Blume, is launching a credit investing division titled Content Partners Capital led by film finance veteran Alphonse Lordo, who joined in January. The new divisions first deal will provide debt financing to entertainment investor Michael Lamberts Media Capital Technologies, which pacted with Lionsgate to back its features slate. While we continue to experience significant growth with our transactional IP investment strategy, were excited to now step into the next chapter of film, TV, and music sector investment: providing the capital and strategic partnership to help businesses grow, stated Kram.
Content Partners, which launched in 2006 and owns more than 500 films and 3,000 hours of TV series, has focused its business on acquiring ownership stakes in Hollywood projects from direct participants. In 2013, it acquired a 50 percent stake of the lucrative CSI franchise from Goldman Sachs. Four years later, the company snapped up Revolution Studios and its library of 126 features that includes 13 Going on 30, Black Hawk Down, Hugo, Black Swan and Vin Diesels xXx action series.
The company says its new credit investing division is looking to make deals with IP-heavy business models across film, TV, and music and will invest under various credit structures to accommodate a companys capital needs.
Before launching Content Partners Capital, Lordo worked as the sector chief for entertainment at investment bank Truist Securities and earlier worked at OneWest Bank and Bank of the West (and also was named to The Hollywood Reporters 2019 list of leading film financiers).
Content Partners Capital will support companies across the entertainment industries, stated Kram. Were thrilled to welcome Alphonse to the team to lead us in this new direction and pave the way for incredible growth to come.