The SpringHill Company has sold a significant minority stake to a group of industry leaders:
➖ RedBird Capital
➖ Fenway Sports Group
➖ Epic Games
The investment values the company at $725M.
CEO Maverick Carter & Chairman LeBron James will keep a controlling stake.
A new near-unicorn valuation for @KingJames' production company. @TheSpringHillCo CEO @mavcarter joined us from the NYSE to discuss the $725 million deal after selling a minority stake to a consortium led by RedBird Capital, along with Fenway Sports Group, Nike & Epic Games.
The diversity and empowerment of our team is what we’re all about!! I love every 141 souls of creators we have in 🏡 at @TheSpringHillCo! I beyond proud to lead you guys everyday. Oh by the way @mavcarter you’re simply INCREDIBLE!! A BEAST. CEO 1 twitter.com/CBSMornings/st…