Harry Sloan, chairman and CEO, Global Eagle Acquisition Corp.

Dealmakers Impact Report 2011: Finance

Sloan was a young entertainment attorney when he made his first big deal in 1983, purchasing New World Pictures from B-movie king Roger Corman for $2 million.

He went on to serve as chairman of Lionsgate and founded SBS Broadcasting, which was launched with a $5 million investment in 1990 and sold for $2.9 billion in 2005.

Since stepping down as chairman and CEO of MGM in August 2009, he’s been gathering his chips for his next big bet.

KEY DEAL: Sloan and former CBS and Sony exec Jeff Sagansky closed a $190 million IPO for Global Eagle Acquisition Corp. in May, and now they’re shopping for the right company to spend it on.

It could be “a traditional broadcast deal,” Sloan says, “but only outside the U.S. in a very high-growth market — Brazil, Indonesia, Turkey, India, China. There’s also some enthusiasm for new media companies in the U.S.”

SPARE TIME: Looking for more investment opportunities.

TOP CAUSE: Facing History and Ourselves

Return to the Dealmakers Impact Report 2011 >>

Filed Under:

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Scene News from Variety

Loading