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Saban Capital Group

From Wikipedia, the free encyclopedia
"Saban Entertainment Group" redirects here. For the former music and television production company that could be considered a predecessor and was previously known as "Saban Entertainment", see BVS Entertainment.

Saban Capital Group LLC
Company typePrivate
Industry
  • Private equity
  • Entertainment
  • Media
  • Merchandising
  • Communications
PredecessorSaban Entertainment
FoundedOctober 24, 2001; 23 years ago (2001-10-24)
FounderHaim Saban
HeadquartersLos Angeles, California, U.S.
Area served
Worldwide
Key people
  • Haim Saban (Chairman, CEO)
  • Adam Chesnoff (President/COO)
Products
Divisions
  • Saban Ventures
  • Saban Films
  • Saban Music Group
Subsidiaries
Websitewww.saban.com

Saban Capital Group LLC is an American investment company based in Los Angeles, California focused on media, entertainment and communications. Formed in 2001 by Haim Saban, Saban Capital Group owns Saban Films,[1][2] and co-owns Celestial Tiger Entertainment.[3][4]

History

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In October 2006, SCG's Saban Entertainment Group division announced the beginning of its virtual studio program for starting up and developing family entertainment.[5] In March 2007, Univision Communications was sold to Broadcasting Media Partners which includes Saban Capital Group, Madison Dearborn Partners, Providence Equity Partners, TPG Capital, and Thomas H. Lee Partners.[6] On October 17, 2011, Saban Capital Group acquired 7.5% stake in Jakarta-based Indonesian largest integrated media company, Media Nusantara Citra.[7][8][9] In July 2012, Saban Capital Group acquired minority stake in PT MNC Sky Vision Tbk, the largest pay-TV operator in Indonesia which owns Indovision and Top TV.[10] In June 2012, Kidsco Media Ventures LLC, a SCG affiliate, jointly with Konami's 4K Acquisition Corp. purchased some of the key assets of 4Kids Entertainment with Kidsco getting the Dragon Ball Z Kai, Cubix, Sonic X and The CW Network's Saturday Morning programming block contract rights.[11] In August 2012, Saban Capital Group launched a new music publishing division called "Music Ventures".[12]

On September 13, 2018, Saban Capital Acquisition Corp. announced the purchase of Panavision and Sim Video International in a $622 million cash and stock deal.[13] The transaction was aimed at creating a comprehensive production and post-production entity. Saban Capital Acquisition Corp. proposed a change of name to Panavision Holdings Inc., but expected to continue to trade on the Nasdaq stock exchange.[14] Saban ended up terminating its deal to acquire Panavision on March 1, 2019.[15]

Saban Entertainment Group

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Libraries

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Saban Brands

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Main article: Saban Brands

On May 5, 2010, Saban Capital Group announced that it would start Saban Brands (SB), a successor company to Saban Entertainment (later known as BVS Entertainment) dedicated to acquiring entertainment and consumer brands.[1] On May 12 the same year, 2010, Saban Brands bought back the Power Rangers franchise and some of its some related shows from the Walt Disney Company for $43 million[18] and would produce a new nineteenth season of Power Rangers that began airing on Nickelodeon on February 7, 2011, with the previous 700 episodes being rerun on Nicktoons.[2][19]

In February 2018, Saban Brands appointed Hasbro as the global master toy licensee for Power Rangers beginning in April 2019 with a future option to purchase the franchise.[20] On May 1, 2018, Saban agreed to sell Power Rangers and other entertainment assets to Hasbro for US$522 million in cash and stock, with the sale expected to close in the second quarter. Other properties in the deal included My Pet Monster, Popples, Julius Jr., Luna Petunia, Treehouse Detectives and Saban Brands' content/media libraries[21][22] (excluding Rainbow Butterfly Unicorn Kitty, Sonic X and other properties that were sold to different companies before the deal). Saban's Digimon and Pretty Cure licenses were also transferred to Hasbro, although were later left to expire, thus reverting to Toei Animation Inc. for its international distribution. Only nine existing employees out of sixty would be retained by SCG, and the Saban Brands subsidiary ended operations upon the closure of business on July 2, 2018.[23]

Saban Films

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Saban Films
Company typeSubsidiary
IndustryFilm production
FoundedMay 6, 2014; 10 years ago (2014-05-06)
FounderHaim Saban
HeadquartersLos Angeles, California,
U.S.
Area served
Worldwide
Key people
Bill Bromiley (president)
ProductsMotion pictures
ParentSaban Capital Group
DivisionsSCG Films
Websitewww.sabanfilms.com
See also: List of Saban Films films

On May 6, 2014, Saban Capital announced the launch of Saban Films (SF), a distribution company that will acquire yearly 8 to 10 feature films for the North American market.[24]

Units

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  • Saban Entertainment Group
  • Saban Kids & Family
  • Saban Films[24]
  • Saban Real Estate, LLC

Investments

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Current

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Past

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Political activities

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The Saban Group is a top contributor to the Democratic Party. It has donated to former President Barack Obama's campaign[26] and was one of the top donors of the Clinton Campaign of 2016 with a contribution of approximately 12 million dollars.[27]

References

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  1. ^ a b Barnes, Brooks (May 5, 2010). "Haim Saban Goes Into Brand Management". The New York Times. Retrieved May 13, 2010.
  2. ^ a b "Mogul Saban buys back Power Rangers from Disney". Google News. Associated Press. May 12, 2010. Archived from the original on May 16, 2010. Retrieved May 13, 2010.
  3. ^ "Tiger Gate". Saban. Archived from the original on August 21, 2014. Retrieved November 28, 2010.
  4. ^ Szalai, Georg (April 5, 2010). "Saban joins Lionsgate in running Tiger Gate". The Hollywood Reporter. Retrieved November 28, 2010.
  5. ^ a b Ball, Ryan (October 4, 2006). "Saban Launches Virtual Studio". Animation Magazine. Retrieved July 16, 2012.
  6. ^ "Broadcasting Media Partners Completes Acquisition of Univision". Saban Capital Group. March 29, 2007. Retrieved February 19, 2009.
  7. ^ "MNC Lego 7.5% Sahamnya ke Saban Capital Rp1.000/Saham". Economy.okezone.com. October 17, 2011. Retrieved September 11, 2012.
  8. ^ "Saban Capital buys 5 percent Of MNC's Stake". Archived from the original on July 30, 2013. Retrieved March 17, 2012.
  9. ^ "Media Nusantara Citra". Archived from the original on August 20, 2012. Retrieved March 17, 2012.
  10. ^ "MNC Sky Vision". Archived from the original on August 26, 2012. Retrieved August 9, 2012.
  11. ^ "4Kids Sells Yu-Gi-Oh!, CW Network-Related Assets Jointly to Konami, Kidsco". Anime News Network. June 26, 2012. Retrieved September 14, 2018.
  12. ^ Christman, Ed. "Exclusive: David Renzer, Former UMPG Chairman/CEO, Named Saban Capital Group's Pres. Music Ventures". Billboard Biz. Retrieved August 6, 2012.
  13. ^ McNary, Dave. Saban Capital Buys Panavision, Sim Video for $622 Million Variety.com. September 14, 2018. Retrieved on January 16, 2019.
  14. ^ "Saban Capital Acquisition Corp. Enters into a Merger Agreement with Panavision and Sim Panavision.com. September 13, 2018. Retrieved on January 6, 2019.
  15. ^ "Saban Capital Cancels Panavision Purchase". San Fernando Valley Business Journal. March 1, 2019. Retrieved March 27, 2019.
  16. ^ "Cirque du Soleil Media | Saban Brands". Archived from the original on July 27, 2014. Retrieved July 19, 2014.
  17. ^ Padovano, Joanna (December 12, 2014). "Saban Brands Expands with New Lifestyle & Entertainment Units". World Screen. WSN INC. Retrieved December 16, 2014.
  18. ^ Bond, Paul (August 10, 2010). "Disney's Q3 boosted by TV operations profit; Power Rangers sale added $43 million to coffers". The Hollywood Reporter. Retrieved August 11, 2010.
  19. ^ Littleton, Cynthia (May 12, 2010). "Saban re-acquires rights to 'Rangers'". Variety. Retrieved May 13, 2010.
  20. ^ Sorrentino, Mike (February 15, 2018). "Power Rangers toy maker is moving on after 25 years". CNET. Retrieved February 19, 2018.
  21. ^ "Hasbro buying Power Rangers, other brands in $522M deal". ABC News. AP. May 1, 2018. Retrieved May 1, 2018.
  22. ^ "Saban Brands Sells Power Rangers to Hasbro for $522M". Los Angeles Business Journal. May 2, 2018. Retrieved March 3, 2019.
  23. ^ Blake, Matthew (May 23, 2018). "Saban Brands Plans Layoffs Following Hasbro Acquisition". Los Angeles Business Journal. Retrieved August 2, 2018.
  24. ^ a b Yamato, Jen (May 6, 2014). "Cannes: Haim Saban Launches North American Distribution Co. Ahead Of Market". Deadline Hollywood. Penske Media Corporation. Retrieved July 14, 2023.
  25. ^ Spangler, Todd (March 31, 2016). "Disney Invests in Viral-Content Startup Playbuzz as Part of $15 Million Round". Variety. Retrieved April 6, 2016.
  26. ^ "Mega-Donors Give Obama a Boost". July 26, 2012.
  27. ^ "Top Contributors, federal election data for Hillary Clinton, 2016 cycle".
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