The company that has movie and TV projects in the works based on viral YouTube sensation Skibidi Toilet has just banked a roll of cash — and it’s eyeing additional capital to move forward with other digital creators’ intellectual property as well.
Invisible Narratives, an entertainment company focused on helping digital creators build global franchises, announced that it has received $25 million in investment from funds managed by affiliates of BC Partners Credit, the credit arm of BC Partners, and Verance Capital, a growth-oriented private equity firm investing in media, sports and entertainment.
In addition to the funding, Invisible Narratives announced that it has appointed Mark Shedletsky, who has more than 25 years of experience at digital media and entertainment companies, as president.
The Santa Monica-based company said the initial $25 million is tied to Invisible Narratives’ majority acquisition of Skibidi Toilet. The two investment firms also will provide expertise across media and entertainment to Invisible Narratives. Longer term, BC Partners Credit envisions investing more than $300 million of capital into the creator economy through the Invisible Narratives platform.
Invisible Narratives was founded in 2018 by Adam Goodman, former head of Paramount Pictures and DreamWorks Studios, who has enlisted producer and director Michael Bay as creative adviser.
