Content Partners has struck a new deal with Carlyle Global Credit to facilitate fresh investment capital for the company that has been a pioneer in buying out ownership stakes and profit participation rights in movies and TV shows from individuals and production companies.
Investment giant Carlyle owns the majority of Los Angeles-based Content Partners, which is marking its 20th anniversary this year. The company was founded by William Morris Agency veterans Steven Kram and Steven Blume to help provide liquidity to people and companies that have ownership interests in movies, TV shows, recordings, books, plays and other IP that pays out consistent royalties.
Carlyle came into the picture for Content Partners in 2022 when it created the first financing vehicles for the company through the Carlyle Credit Opportunities Fund II. That was followed by another fund, and now Carlyle is closing out both of those vehicles, offering existing investors the chance to exit or roll their capital into the next fund that will support Content Partners. Carlyle at present owns the majority of Content Partners, although the founders also retain significant shares.
“We are pleased to have supported Content Partners’ success and look forward to continuing our partnership as the Company enters its next phase of growth with this new capital,” said Benjamin Fund, a partner at Carlyle. “Content Partners has built a differentiated platform focused on high-quality film and television assets. The portfolio is characterized by what we believe are long-duration, largely uncorrelated cash flows that we think are well positioned to continue benefiting from sustained demand for premium library content.”
