Alexandra Moore: Last News

Todd Spangler NY Digital Editor Peter Chernin’s Chernin Group has formed a new investment company, Night Capital, with digital talent-management and media firm Night Inc., whose biggest client is major YouTube creator MrBeast. Night Capital, which has funding commitments of $100 million from TCG, is focused on acquiring majority interests in “consumer-facing companies in partnership with leading talent,” the companies announced. The firm said it will team up with creators who “will be key partners in driving the strategic vision and future business growth,” they said — modeled on the business ventures of MrBeast, aka Jimmy Donaldson, who has launched a national burger chain and a games company.

DEALSHalsey has signed a new record deal with Sony’s Columbia Records, two months after departing Universal’s Capitol. In April, Halsey’s managers Jason Aron and Anthony Li told Billboard: “After eight great years the decision to leave Capitol is bittersweet, but we are excited about exploring a new partnership and sharing new music with fans”.

The Chernin Group and Night, Inc. are launching Night Capital, a new investment company with commitments of $100 million, to acquire established consumer-facing companies in partnership with leading talent.