Globalgate Strikes Finance and Strategy Pact With Korea-Oriented Silicon Valley Investor Maum Capital

  • 📰 Variety
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

Silicon Valley investment firm Maum Capital Group has struck a strategic and financial alliance with Globalgate, the local-language film and TV production consortium assembled by Lionsgate. The mov…

The move involves an investment of unspecified value and significance into Globalgate. It also sees the appointment of Globalgate’s executive chairmanas CEO of Maum affiliates, including Maum Culture Innovation and Maum Studio, which are focused on content-based businesses.

The pair explained that the deal and Pfeiffer’s expanded role are complementary to Globalgate’s array of 15 consortium partners. Maum was founded in 2021 by Brian Koo , who is the son of the late Koo Ja-hong, former chairman of LS Group, a large Korean conglomerate with interests in the materials and energy sectors. In 2022, the Palo Alto-based Maum made a KRW140 billion investment in Korean film production and distribution firm Showbox.

Globalgate has produced 20 films since its launch in 2016 and is working on a content development pipeline of over 75 projects across film, digital and TV series. Recent releases include “Dhamaka” and “Sin Hijos” . It is also readying “Hunting Season” and “Mama o Papa,” a Mexican adaptation of Korean hit film “Miss Granny.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 108. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Congrats to evil Norm Macdonald

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Silicon Valley Bank promotes two executives to key roles - San Francisco Business TimesIn a promising sign for Silicon Valley startups, a Silicon Valley Bank exec points out that VCs have hundreds of billions of dollars in dry capital to put to work. SVB_Financial
Source: SFBusinessTimes - 🏆 78. / 68 Read more »