We have over established vendor relationships that provide favorable credit terms and enjoy a 50 million dollar aggregate bonding capacity.
Tapping decades of leadership and complementary relationships across its businesses, the Company will leverage the expertise and resources of all three businesses.
Todd Boehly will serve as Chairman. Each division within Valence will maintain its individual brand and current leadership team. Current leadership will remain in place at MRC with existing leadership assuming additional responsibilities. Satchu and Wiczyk remarked: Our firm belief is that short and long-term growth depends on maximizing the expertise, relationships and creativity that these three combined, best-in-class businesses uniquely offer.
From its headquarters in Los Angeles, Valence will establish its long-term growth strategy and look for new business development opportunities.
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Multinational advertising, marketing and communication company WPP plc, an early investor in MRC, will remain a strategic investment partner in Valence.
The terms of the transaction were not disclosed. Valence is a diversified media company, with divisions or strategic investments in premium television, wide release film, specialty film, live events and digital media.
Artists who have previously worked with, or are currently working with Valence include: For more information about Valence Media, visit www. Billboard-Hollywood Reporter Media Group, the voice of the entertainment and music industries, hosts high-profile live events and reaches more than 40 million people each month.
MRC is a leading television and film studio. Eldridge Industries owns a diversified portfolio of companies in media, insurance, real estate, asset lending, financing and management, sports and food and hospitality. The firm provides capital, perspective, relationships and a network of supportive companies to help experienced leaders and their teams execute their strategic plans.
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