Jeff Zucker Named CEO of RedBird IMI and Joins RedBird Capital as an Operating Partner
RedBird IMI initially launches with $1 billion in committed capital
NEW YORK & ABU DHABI, United Arab Emirates, December 13, 2022 (GLOBE NEWSWIRE) — Jeff Zucker of RedBird Capital Partners (“RedBird”) and International Media Investments (“IMI”) today announced the launch of RedBird announced a partnership. IMI is a joint venture investment vehicle focused on acquiring and investing in large-scale media, entertainment and sports content properties globally. RedBird IMI will begin with his $1 billion initial committed capital.
Jeff Zucker is the Chief Executive Officer of RedBird IMI and also joins RedBird as an Operating Partner. Mr. Zucker brings his 30+ years of leadership experience in news, sports, entertainment and digital innovation to this new venture. From 2013 until 2022, he served as CEO of CNN, where he led the transformation of the global brand. He also served as president of Turner He Sports from 2019 until 2022. Prior to that, he spent 25 years at NBCUniversal, where he served as CEO from 2007 until 2011. In 2007, he co-founded the online streaming service Hulu.
Jeff Zucker says: That experience has given me an unparalleled perspective on this unique era in media.The combination of RedBird and IMI’s capital and strategic discipline, combined with my operational experience, has given me a unique perspective on the current media environment. brings unique advantages to this joint venture.”
IMI’s CEO, Nath Boulan, said: Partnering with Jeff Zucker and Jerry Cardinal brings vast operational, investment and financial expertise to enable impactful and transformative investments across the media, entertainment and sports sectors . ”
RedBird Founder and Managing Partner Gerry Cardinale said: The combined team’s skills and experience enable us to identify assets that will benefit from deploying success-based capital to further scale or diversify, while market and consumer trends continue to evolve. , it also enables the development of new competitive companies. With Jeff as CEO, the platform brings together sophisticated financial and investment acumen and substantial operational expertise to deploy transformational capital on a massive basis. ”
About Redbird Capital Partners
RedBird Capital Partners is a private investment firm that builds high-growth companies and provides strategic capital solutions to founders and entrepreneurs. Founded in 2014 by Gerry Cardinale, RedBird integrates the mission of sophisticated private equity investing and hands-on business building, leveraging his two cores of media and entertainment, sports and experiential consumerism, and financial services. Focus on his ecosystem. Throughout his 30-year career, Cardinale has partnered with founders and entrepreneurs to build some of the most iconic platform companies in these industry focus areas. The firm currently manages over $7.5 billion in assets on behalf of a global group of blue-chip institutional and family office investors. For more information, please visit www.redbirdcap.com.
About international media investment
International Media Investments is an Abu Dhabi-based private company that makes digital and linear media investments around the world, including The National, Sky News Arabia, CNN Business Arabic and The Grid. For more information, please visit www.internationalmediainvestments.com.
Lisa Heller Correspondence
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