Ryan Reynolds has his sights set on a new investment: Formula 1 team Alpine. Through his film production and digital marketing company Maximum Effort, Reynolds, Michael B. Jordan, and Rob McElhenney have acquired a 24 percent stake — worth around $220 million — in the Renault-owned team alongside two other groups of investors.
“Maximum Effort Investments focuses on unlocking value through the power of storytelling, and we believe there is tremendous untapped potential in Alpine Racing,” James Toney, Co-Founder of Maximum Effort Investments, shared in a statement.
He added: “We are eager to...
“Maximum Effort Investments focuses on unlocking value through the power of storytelling, and we believe there is tremendous untapped potential in Alpine Racing,” James Toney, Co-Founder of Maximum Effort Investments, shared in a statement.
He added: “We are eager to...
- 6/26/2023
- by Larisha Paul
- Rollingstone.com
Hollywood star Ryan Reynolds is broadening his business interests in the sports world.
The actor’s investment firm, Maximum Effort Investments — whose other backers include actors Rob McElhenney and Michael B. Jordan — is teaming up with private equity firm RedBird Capital Partners and Otro Capital to buy a 24 percent stake in the Alpine Formula 1 Race Team. The partners are paying the team’s owner, Renault Group, about 200 million euros ($218 million) for the stake, valuing the team at roughly $900 million.
The deal continues a trend of soaring valuations for sports teams and rights, whether mainstream or more niche, as legacy media companies and tech giants alike vie for the value of eyeballs-attracting live events.
The partners said the deal would help accelerate Alpine Racing’s growth plans and visibility. Interest in Formula 1 has grown rapidly in the U.S. — in no small part thanks to the popularity of Netflix’s five-season docuseries Drive to Survive,...
The actor’s investment firm, Maximum Effort Investments — whose other backers include actors Rob McElhenney and Michael B. Jordan — is teaming up with private equity firm RedBird Capital Partners and Otro Capital to buy a 24 percent stake in the Alpine Formula 1 Race Team. The partners are paying the team’s owner, Renault Group, about 200 million euros ($218 million) for the stake, valuing the team at roughly $900 million.
The deal continues a trend of soaring valuations for sports teams and rights, whether mainstream or more niche, as legacy media companies and tech giants alike vie for the value of eyeballs-attracting live events.
The partners said the deal would help accelerate Alpine Racing’s growth plans and visibility. Interest in Formula 1 has grown rapidly in the U.S. — in no small part thanks to the popularity of Netflix’s five-season docuseries Drive to Survive,...
- 6/26/2023
- by Patrick Brzeski
- The Hollywood Reporter - Movie News
“Emily in Paris” has returned for Season 3, and the story contains just as much if not more chaos. This season of the Paris-set dramedy series raises some stakes in serious ways, set to poppy songs that partner well with the loud fashion choices of Emily (Lily Collins) and others. The episode titles cleverly embody some of the song selections as well.
To refresh, Emily’s bestie au-pair-turned-singer Mindy Chen (Ashley Park) has joined a band to busk on the streets and sing for a living. Season 3 offers her a new opportunity to perform at Le Trompette Bleu, a famous nightclub that raised star singers. Her platform enables some great pop radio hit selections for the show.
Here are all the songs in “Emily in Paris” Season 3:
Also Read:
‘Emily in Paris’ Season 3 Review: Netflix Series Finds Its Sweet Spot in the Best Season Yet Episode 1 “Reine De L’attitude...
To refresh, Emily’s bestie au-pair-turned-singer Mindy Chen (Ashley Park) has joined a band to busk on the streets and sing for a living. Season 3 offers her a new opportunity to perform at Le Trompette Bleu, a famous nightclub that raised star singers. Her platform enables some great pop radio hit selections for the show.
Here are all the songs in “Emily in Paris” Season 3:
Also Read:
‘Emily in Paris’ Season 3 Review: Netflix Series Finds Its Sweet Spot in the Best Season Yet Episode 1 “Reine De L’attitude...
- 12/21/2022
- by Dessi Gomez
- The Wrap
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