Funding Round will Help Accelerate
Wheelhouse's Expansion via Talent Acquisition and M&A
NEW
YORK, April 25, 2024 /PRNewswire/
-- Wheelhouse, an independent content and talent platform,
announced today its first outside capital raise. The round, led by
investment firm Alignment Growth, will enable Wheelhouse to build
an infrastructure that attracts industry-leading talent and
accelerates growth via strategic acquisitions. As part of the
transaction, Alignment Growth Partner Jeff Bewkes joins the
Wheelhouse Board of Directors.
Today, Wheelhouse is comprised of several production companies,
including Spoke Studios, Campfire, Butternut, Wheelhouse UK and
DNA. It also has production partnerships in place with Jimmy Kimmel's Kimmelot and Chef David Chang's Majordomo Media. Wheelhouse's
marketing, digital, audio and management arms complement its
production capabilities, creating a multi-faceted flywheel uniting
all parts in one ecosystem.
Wheelhouse's television and streaming series include Netflix's
King of Collectibles with Executive Producer Peyton
Manning, Buying Beverly
Hills and recent #1 Netflix hit
romcom Players; Hulu's Secret
Chef with David Chang, the
EmmyÒ-winning WeWork: Or the Making and Breaking of a
$47 Billion Unicorn and the
upcoming Got to Get Out; Max's Smartless:
On the Road; and Roku's Celebrity Family
Cookoff with Executive Producer and star Sofia Vergara, among others. In 2023, Wheelhouse
sold 20 series that are in various stages of production for
networks and platforms including Netflix, Hulu, Roku,
Paramount+, HGTV, Food Network and OWN.
The Wheelhouse-Alignment Growth deal was spearheaded by
Alignment Growth Partner Kevin Tsujihara, Wheelhouse President
& General Counsel Rob Lia and
Chief Strategy Officer Ed Simpson,
who leads M&A.
Wheelhouse was founded in 2018 by repeat founder and CEO
Brent Montgomery. Prior to starting
Wheelhouse, Montgomery founded and sold Leftfield
Entertainment to ITV in 2014.
Said Montgomery, "We are building Wheelhouse as a collective of
global creatives who not only shine on their own, but truly want to
partner with one another across labels and divisions so we're
thrilled that Alignment's investment will allow us to supersize our
efforts engaging talent in front of and behind the
camera."
Jeff Bewkes, Founding Partner at Alignment Growth, added,
"We are excited to partner with and support Brent, a seasoned
operator and a magnet for the best talent in non-scripted. His
success in the space is unparalleled, and his team is
well-positioned to build Wheelhouse into one of the preeminent
names across the industry."
About Wheelhouse
Wheelhouse is a content and talent platform founded in 2018 by
entrepreneur Brent Montgomery, the
founder of Leftfield Entertainment, and former ITV America
CEO. The multi-faceted business encompasses Wheelhouse
Entertainment (which includes production entities Spoke Studios,
Campfire, Butternut, Wheelhouse UK and DNA, as well as physical
production partnerships with Chef David
Chang's Majordomo Media and Jimmy
Kimmel's Kimmelot), marketing arm Wheelhouse Labs, digital
division Wheelhouse DNA and talent management company Additive
Creative Partners. Wheelhouse's television and streaming
series include Netflix's King of Collectibles with
Executive Producer Peyton Manning, Players
and Buying Beverly
Hills; Hulu's Secret Chef with
David Chang, the
Emmy-winning WeWork: Or the Making and Breaking of a
$47 Billion Unicorn and the
upcoming Got to Get Out; Max's Smartless:
On the Road; and Roku's Celebrity Family
Cookoff with Executive Producer and star Sofia Vergara, among others. Wheelhouse
maintains operations in NYC, Los
Angeles, Stamford and
London.
About Alignment Growth
Alignment Growth invests in growth-stage companies across media,
entertainment and gaming ("MEG") globally. Alignment Growth seeks
to drive value creation in partnership with its portfolio companies
by leveraging its team's senior executive operating, strategic and
dealmaking experience at global Fortune 500 MEG companies.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/wheelhouse-secures-minority-investment-from-alignment-growth-to-scale-the-next-generation-entertainment-company-302127712.html
SOURCE Alignment Growth