A24 Raises Significant New Investment Round, Valuing Company at $3.5B [Yahoo! Finance]
Goldman Sachs Group, Inc. (The) (GS)
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Source: Yahoo! Finance
The studio announced today it has closed on an investment round led by Joshua Kushner's Thrive Capital. The Hollywood Reporter has learned that Thrive invested $75 million into the indie studio based on a $3.25 billion pre-money valuation. A source close to A24 with knowledge of the investment notes that the company's enterprise valuation now sits at $3.5 billion, suggesting this round of funding will net the company roughly a $250 million total investment. More from The Hollywood Reporter Hugh Grant Imprisons His Houseguests in Chilling 'Heretic' Trailer Jennifer Lawrence to Star in, Produce Murder Mystery 'The Wives' for Apple, A24 Brandy Norwood Battles the Mother-in-Law From Hell in A24's 'The Front Room' Trailer As a part of the investment, Thrive founder Kushner will join the A24 board of directors. The news of the A24's new valuation and Thrive's investment comes as the studio pushed into more commercial projects, with bigger budgets and A-list talent. There was a
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