Leverage aired on US cable network TNT between 2008 and 2012
MIPCOM: Content Partners Capital (CPC), the recently launched private capital division of entertainment investment firm Content Partners, is investing US$20m in LA-based producer and distributor Electric Entertainment.
The investment, announced by Electric today in Cannes, will be used to support the growth of its studio operation, which over the past year has produced 36 episodes across three series, according to the company.
Dean Devlin, CEO of Electric Entertainment, said the new capital will accelerate its growth trajectory as it looks to expand its existing franchises – Leverage, The Librarians and The Ark – and build new ones.
Content Partners, founded in 2006, has acquired interests in more than 600 films and 3,000 hours of television since its inception. In 2024, it launched its private capital investment arm CPC, which it says provides “customised capital solutions for businesses and IP-driven assets in the entertainment sector.”
Earlier this year, CPC, led by veteran corporate and investment banker Alphonse Lordo, made an undisclosed investment in US studio Relativity Media.
CPC’s investment in Electric “will allow us to continue our rapid growth at the pace we’ve established over the years,” said Devlin.
“We have been fortunate to produce, nurture and expand a few highly successful television franchises and beloved fan-favourite IPs, including Leverage, The Librarians and The Ark. We believe this partnership will be mutually rewarding for everyone involved.”
Lordo said Electric Entertainment is “exactly the type of successful studio Content Partners Capital is looking to invest in,” and that the investment will “elevate Content Partners Capital as a major dealmaker in Hollywood, empowering independent studios with strategic capital.”
Jeff Gonzalez, Electric Entertainment’s chief financial officer, added: “This partnership with CPC will ensure we have the capital required to invest in current and new series, enabling us to continue delivering outstanding programming for our ever-growing loyal fanbase.”
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‘ Some details of this article were extracted from the following source www.c21media.net ’
