Deal would buy out stakes currently owned by Goldman Sachs, AT&T and WPP
Media Rights Capital, the prolific financing and production shingle behind such films as “Ted” and “Elysium” and Netflix’s “House of Cards” is looking to sell a share of the company to Guggenheim Partners, owner of Dick Clark Prods and The Hollywood Reporter.
Although terms of the potential deal have not yet been disclosed, Guggenheim would buy out a majority of the stakes in MRC currently held by Goldman Sachs, AT&T and advertising conglom WPP. Sources close to the situation confirmed to Variety that the talks are underway and involve a significant investment, but a deal is not yet done.
Modi Wiczyk and Asif Satchu would continue to run the company.
MRC’s upcoming slate of films that it independently packaged and financed include Seth McFarlane’s “A Million Ways to Die in the West,” out May 30, 2014, and “Chappie,” Neil Blomkamp’s follow up to “Elysium.” On the TV front, it has the second season of “House of Cards,” premiering Feb. 14.
Guggenheim also lead the group that bought the Los Angeles Dodgers for $2.15 billion.
The Hollywood Reporter broke the news, saying negotiations are in the advanced stages.