Michael Sugar has positioned his Sugar23 management/production business to become the next company to raise new coin to grow and diversify its business.
Sugar23 has raised $30 million in funding earmarked to venture beyond its core production business beyond production and into myriad other businesses.Sugar, who came up in management and production and whose credits include Best Picture-winner Spotlight, signaled some of the changes earlier this week when Meredith Wechter exited as WME partner and agent of such clients as Gal Gadot, Jason Momoa and Keanu Reeves, with rumors that she will join Sugar as partner in the management ranks of Sugar23.
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