Saban Capital Group#Saban Films
{{short description|Entertainment investment company owned by Haim Saban}}
{{Redirect|Saban Entertainment Group|the former music and television production company that could be considered a predecessor and was previously known as "Saban Entertainment"|BVS Entertainment}}
{{Use American English|date=January 2023}}
{{Use mdy dates|date=January 2023}}
{{Infobox company
| name = Saban Capital Group LLC
| logo = File:Saban logo.svg
| type = Private
| predecessor = Saban Entertainment
| foundation = {{start date and age|2001|10|24}}
| founder = Haim Saban
| area_served = Worldwide
| key_people = {{ubl|Haim Saban (Chairman, CEO)|Adam Chesnoff (President/COO)}}
| location = Los Angeles, California, U.S.
| industry = {{ubl|Private equity|Entertainment|Media|Merchandising|Communications}}
| products = {{ubl|Films|Mass media|Television shows|Consumer products}}
| divisions = {{ubl|Saban Ventures|Saban Films|Saban Music Group}}
| subsid = {{ubl|Saban Real Estate LLC.||TelevisaUnivision (20%)|Celestial Tiger Entertainment}}
| parent =
| homepage = {{URL|http://www.saban.com/}}
}}
Saban Capital Group LLC is an American investment company based in Los Angeles, California focused on media, entertainment and communications. Formed in 2001 by Haim Saban, Saban Capital Group owns Saban Films,{{cite news|url=https://mediadecoder.blogs.nytimes.com/2010/05/05/haim-saban-goes-into-brand-management/?dbk|title=Haim Saban Goes Into Brand Management|date=May 5, 2010|work=The New York Times|access-date=May 13, 2010 | first=Brooks | last=Barnes}}{{cite news|url=https://www.google.com/hostednews/ap/article/ALeqM5g5uiqztXBXGrAN3--ZSLw1pTnacQD9FLJA683 |title=Mogul Saban buys back Power Rangers from Disney |date=May 12, 2010 |work=Google News |agency=Associated Press |access-date=May 13, 2010 |url-status=dead |archive-url=https://web.archive.org/web/20100516044008/https://www.google.com/hostednews/ap/article/ALeqM5g5uiqztXBXGrAN3--ZSLw1pTnacQD9FLJA683 |archive-date=May 16, 2010 }} and co-owns Celestial Tiger Entertainment.{{cite web|url=https://www.saban.com/Brand/tig/|title=Tiger Gate|work=Saban|access-date=November 28, 2010|url-status=dead|archive-url=https://web.archive.org/web/20140821171335/http://www.saban.com/html/invest/tig.html|archive-date=August 21, 2014}}{{cite news|url=https://www.hollywoodreporter.com/news/saban-joins-lionsgate-running-tiger-22291|title=Saban joins Lionsgate in running Tiger Gate|date=April 5, 2010|work=The Hollywood Reporter|access-date=November 28, 2010|first=Georg|last=Szalai}}
History
In October 2006, SCG's Saban Entertainment Group division announced the beginning of its virtual studio program for starting up and developing family entertainment.{{cite news|last=Ball|first=Ryan|title=Saban Launches Virtual Studio|url=https://www.animationmagazine.net/features/saban-launches-virtual-studio/|access-date=July 16, 2012|newspaper=Animation Magazine|date=October 4, 2006}} In March 2007, Univision Communications was sold to Broadcasting Media Partners which includes Saban Capital Group, Madison Dearborn Partners, Providence Equity Partners, TPG Capital, and Thomas H. Lee Partners.{{cite news|url=https://www.saban.com/Broadcasting-Media-Partners-Completes-Acquisition-Of-Univision/|title=Broadcasting Media Partners Completes Acquisition of Univision|date=March 29, 2007 |work=Saban Capital Group|access-date=February 19, 2009}} On October 17, 2011, Saban Capital Group acquired 7.5% stake in Jakarta-based Indonesian largest integrated media company, Media Nusantara Citra.{{cite web|url=https://idxchannel.okezone.com/read/2011/10/17/278/516371/mnc-lego-7-5-sahamnya-ke-saban-capital-rp1-000-saham |title=MNC Lego 7.5% Sahamnya ke Saban Capital Rp1.000/Saham |publisher=Economy.okezone.com |date=October 17, 2011 |access-date=September 11, 2012}}{{cite web|url=https://epaper.bisnis.com/articles/saban-capital-buys-5-percent-of-mncs-stake|title=Saban Capital buys 5 percent Of MNC's Stake|archive-url=https://web.archive.org/web/20130730230442/http://en.bisnis.com/articles/saban-capital-buys-5-percent-of-mncs-stake|archive-date=July 30, 2013|access-date=March 17, 2012}}{{cite web|url=https://www.saban.com/Brand/mnc/|title=Media Nusantara Citra|archive-url=https://web.archive.org/web/20120820200058/http://www.saban.com/html/invest/mnc.html|archive-date=August 20, 2012|access-date=March 17, 2012}} In July 2012, Saban Capital Group acquired minority stake in PT MNC Sky Vision Tbk, the largest pay-TV operator in Indonesia which owns Indovision and Top TV.{{cite web|url=https://www.saban.com/html/invest/sky.html|title=MNC Sky Vision|archive-url=https://web.archive.org/web/20120826020103/http://www.saban.com/html/invest/sky.html|archive-date=August 26, 2012|access-date=August 9, 2012}} In June 2012, Kidsco Media Ventures LLC, a SCG affiliate, jointly with Konami's 4K Acquisition Corp. purchased some of the key assets of 4Kids Entertainment with Kidsco getting the Dragon Ball Z Kai, Cubix, Sonic X and The CW Network's Saturday Morning programming block contract rights.{{cite web|url=https://www.animenewsnetwork.com/news/2012-06-26/4kids-sells-yu-gi-oh-cw-network-related-assets-jointly-to-konami-kidsco|title=4Kids Sells Yu-Gi-Oh!, CW Network-Related Assets Jointly to Konami, Kidsco|publisher=Anime News Network|date=June 26, 2012|access-date=September 14, 2018}} In August 2012, Saban Capital Group launched a new music publishing division called "Music Ventures".{{cite web|last=Christman|first=Ed|title=Exclusive: David Renzer, Former UMPG Chairman/CEO, Named Saban Capital Group's Pres. Music Ventures|url=http://www.billboard.biz/bbbiz/industry/publishing/exclusive-david-renzer-former-umpg-chairman-1007750352.story|publisher=Billboard Biz|access-date=August 6, 2012}}
On September 13, 2018, Saban Capital Acquisition Corp. announced the purchase of Panavision and Sim Video International in a $622 million cash and stock deal.McNary, Dave. [https://variety.com/2018/artisans/news/saban-panavision-sim-video-deal-1202942258/ Saban Capital Buys Panavision, Sim Video for $622 Million] Variety.com. September 14, 2018. Retrieved on January 16, 2019. The transaction was aimed at creating a comprehensive production and post-production entity. Saban Capital Acquisition Corp. proposed a change of name to Panavision Holdings Inc., but expected to continue to trade on the Nasdaq stock exchange.[https://www.panavision.com/saban-capital-acquisition-corp-enters-merger-agreement-panavision-and-sim "Saban Capital Acquisition Corp. Enters into a Merger Agreement with Panavision and Sim] Panavision.com. September 13, 2018. Retrieved on January 6, 2019. Saban ended up terminating its deal to acquire Panavision on March 1, 2019.{{cite web|url=http://www.sfvbj.com/news/2019/mar/01/saban-capital-cancels-panavision-purchase/|title=Saban Capital Cancels Panavision Purchase|publisher=San Fernando Valley Business Journal|date=March 1, 2019|access-date=March 27, 2019}}
Saban Entertainment Group
=Libraries =
- Hollywood Star Dogs
- Cirque du Soleil Media{{cite web|url=http://www.sabanbrands.com/brands/cirque-du-soleil-media/ |title=Cirque du Soleil Media | Saban Brands |access-date=July 19, 2014 |url-status=dead |archive-url=https://web.archive.org/web/20140727100435/http://www.sabanbrands.com/brands/cirque-du-soleil-media/ |archive-date=July 27, 2014 }}
- CNCO
- Emojiville{{cite news|last1=Padovano|first1=Joanna|title=Saban Brands Expands with New Lifestyle & Entertainment Units|url=https://worldscreen.com/articles/display/48232|access-date=December 16, 2014|work=World Screen|publisher=WSN INC.|date=December 12, 2014}}
- La Banda
- Macbeth Footwear
- Mambo Graphics
- MIX5
- Paul Frank
- Piping Hot
Saban Brands
{{Main|Saban Brands}}
On May 5, 2010, Saban Capital Group announced that it would start Saban Brands (SB), a successor company to Saban Entertainment (later known as BVS Entertainment) dedicated to acquiring entertainment and consumer brands. On May 12 the same year, 2010, Saban Brands bought back the Power Rangers franchise and some of its some related shows from the Walt Disney Company for $43 million{{cite news|title=Disney's Q3 boosted by TV operations profit; Power Rangers sale added $43 million to coffers|url=https://www.hollywoodreporter.com/news/disneys-q3-boosted-tv-operations-26507|access-date=August 11, 2010|newspaper=The Hollywood Reporter|date=August 10, 2010|first=Paul|last=Bond}} and would produce a new nineteenth season of Power Rangers that began airing on Nickelodeon on February 7, 2011, with the previous 700 episodes being rerun on Nicktoons.{{cite news|url=https://variety.com/2010/film/news/saban-re-acquires-rights-to-rangers-1118019212/|title=Saban re-acquires rights to 'Rangers'|date=May 12, 2010|work=Variety|access-date=May 13, 2010 | first=Cynthia | last=Littleton}}
In February 2018, Saban Brands appointed Hasbro as the global master toy licensee for Power Rangers beginning in April 2019 with a future option to purchase the franchise.{{cite web |url=https://www.cnet.com/news/saban-bandai-are-ending-their-power-rangers-toy-relationship-after-25-years/ |title=Power Rangers toy maker is moving on after 25 years |author=Sorrentino, Mike |publisher=CNET |date=February 15, 2018 |access-date=February 19, 2018}} On May 1, 2018, Saban agreed to sell Power Rangers and other entertainment assets to Hasbro for US$522 million in cash and stock, with the sale expected to close in the second quarter. Other properties in the deal included My Pet Monster, Popples, Julius Jr., Luna Petunia, Treehouse Detectives and Saban Brands' content/media libraries{{cite news|title=Hasbro buying Power Rangers, other brands in $522M deal|url=https://abcnews.go.com/Business/wireStory/hasbro-buying-power-rangers-brands-522m-deal-54850725|access-date=May 1, 2018|work=ABC News|agency=AP|date=May 1, 2018|language=en}}{{cite news|title=Saban Brands Sells Power Rangers to Hasbro for $522M|url=https://labusinessjournal.com/news/2018/may/02/saban-brands-sell-power-rangers-hasbro/|access-date=March 3, 2019|work=Los Angeles Business Journal|date=May 2, 2018}} (excluding Rainbow Butterfly Unicorn Kitty, Sonic X and other properties that were sold to different companies before the deal). Saban's Digimon and Pretty Cure licenses were also transferred to Hasbro, although were later left to expire, thus reverting to Toei Animation Inc. for its international distribution. Only nine existing employees out of sixty would be retained by SCG, and the Saban Brands subsidiary ended operations upon the closure of business on July 2, 2018.{{cite news|last1=Blake|first1=Matthew|title=Saban Brands Plans Layoffs Following Hasbro Acquisition|url=https://labusinessjournal.com/news/2018/may/23/saban-brands-plans-layoffs-following-hasbro-acquis/|access-date=August 2, 2018|work=Los Angeles Business Journal|date=May 23, 2018}}
Saban Films
{{Infobox company
| name = Saban Films
| logo = Saban Films logo.svg
| type = Subsidiary
| industry = Film production
| founded = {{Start date and age|2014|5|6}}
| founder = Haim Saban
| location = Los Angeles, California
| location_country = U.S.
| area_served = Worldwide
| parent = Saban Capital Group
| homepage = {{URL|https://www.sabanfilms.com/}}
| products = Motion pictures
| divisions = SCG Films
| key_people = Bill Bromiley (president)
}}{{See also|List of Saban Films films}}
On May 6, 2014, Saban Capital announced the launch of Saban Films (SF), a distribution company that will acquire yearly 8 to 10 feature films for the North American market.{{cite news |last=Yamato |first=Jen |date=May 6, 2014 |title=Cannes: Haim Saban Launches North American Distribution Co. Ahead Of Market |newspaper=Deadline Hollywood |publisher=Penske Media Corporation |url=https://deadline.com/2014/05/haim-saban-films-north-american-distribution-cannes-725127/ |access-date=July 14, 2023}}
Units
Investments
= Current =
- Celestial Tiger Entertainment (CTE) (JV)
- Qoo10
- Taomee (minority stake)
- Playbuzz (2016){{Cite web|url=https://variety.com/2016/digital/news/disney-playbuzz-investment-1201742832/|title=Disney Invests in Viral-Content Startup Playbuzz as Part of $15 Million Round|last=Spangler|first=Todd|website=Variety|date=March 31, 2016|language=en-US|access-date=April 6, 2016}}
- Bustle
- IronSource
- Sim Video International
= Past =
- Bezeq
- Keshet Broadcasting LTD
- Panavision
- ProSiebenSat.1 Media AG
- Vessel
- Broadcasting Media Partners (20%)
- Univision Communications, Inc.
- Media Nusantara Citra (MNC) (7.5%)
Political activities
The Saban Group is a top contributor to the Democratic Party. It has donated to former President Barack Obama's campaign{{Cite web|url=https://forward.com/news/159959/mega-donors-give-obama-a-boost/|title=Mega-Donors Give Obama a Boost|date=July 26, 2012 }} and was one of the top donors of the Clinton Campaign of 2016 with a contribution of approximately 12 million dollars.{{Cite web|url=https://www.opensecrets.org/pres16/contributors?id=N00000019|title=Top Contributors, federal election data for Hillary Clinton, 2016 cycle}}
References
{{reflist}}
External links
- {{Official website}}
{{Film Studio}}
{{Power Rangers}}
{{Authority control}}
Category:2001 establishments in California
Category:American independent record labels
Category:Branding companies of the United States
Category:Companies based in Los Angeles
Category:Financial services companies established in 2001