deadline.com
68%
249
A+E Networks Acquires Stake In Range Media Partners For About $50 Million
A+E Networks has taken a minority stake in management and production firm Range Media Partners. No financial details are being disclosed but the stake is believed to be in the high teens percent and the deal in the $50 million ballpark, with Range’s valuation at around $300 million. That is a hefty valuation, especially for a company that is just a year and a half old. It is close to what one of Hollywood biggest, most established management-production companies, 3 Arts, sold for in 2018 after 27 years in the business.