Jimmy Kimmel’s Kimmelot Banner Exits Out of Brent Montgomery’s Wheelhouse

variety.com:

Cynthia Littleton Business Editor Jimmy Kimmel‘s Kimmelot and Brent Montgomery‘s Wheelhouse have parted ways after six years of business partnership between the late-night host’s production banner and the producer’s startup media and investment venture.

The shift for Kimmelot and Wheelhouse has been in the works for months. Kimmelot’s exit from operating under the Wheelhouse umbrella was anticipated when Wheelhouse did its first round of outside funding earlier this year from Jeff Bewkes’ firm Alignment Growth.

It’s understood that Kimmel decided it was time for the company to transition out of Wheelhouse, where Kimmelot was founded in 2018, to a fully independent status.

The partners cast the move as amicable and noted that both companies will remain in business together on existing projects. “When Wheelhouse took the equity investment from Alignment Growth, we made the decision to consolidate equity ownership,” Wheelhouse and Kimmalot said in a joint statement. “Jimmy transitioned from an equity partner to a commercial partner.