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A24 Secures New Investment By Josh Kushner’s Thrive Capital Valuing Company At $3.5 Billion
A24 has closed an investment round led by Thrive Capital, the investment firm of Josh Kushner, who will join its board of directors.
The company also received increased support from existing investors who participated in the previous round including Ken Fox’ private equity firm Stripes, and investment fund Neuberger Berman. Since then, it’s built a premium library of over 150 films ( Civil War, Everything Everywhere All At Once, Midsommar, Moonlight, Uncut Gems, the remastered rerelease of the Talking Heads’ Stop Making Sense) and 50 television series ( Euphoria, Beef, Ramy, The Sympathizer), garnering critical acclaim, commercial success, a haul of Oscars, Golden Globes and Emmys and a passionate fan base. Deadline hears that with this latest fundraise, external investors own about 12.5% of the company, with A24 founders, Daniel Katz, David Fenkel and John Hodges, and employees maintaining a significant majority.
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