Entertainment 360, a prominent talent management company, has announced it will receive an investment from Carlyle, a global investment firm. This marks the first instance of outside funding in Entertainment 360's 22-year history.
The investment aims to bolster Entertainment 360's growth within the industry. The company's current board and leadership will remain unchanged, continuing their oversight of daily operations.
In a message to staff about the partnership, Entertainment 360's board emphasized the positive impact on clients. "360 has always been about creating extraordinary opportunities for artists," they stated. "Our clients are at the center of everything we do – and they always will be. This investment will support our firm as we work to expand our platform to continue delivering dynamic results for our clients in an ever-changing entertainment landscape."
They further added, "We always strive to be the best of the best – and, in Carlyle, we have found a partner who is the embodiment of excellence. Carlyle’s reputation and accomplishments speak for themselves, but we were also thrilled to find, in their leadership, a group who share our values and who recognize that the future of entertainment will, more than ever, be shaped by entrepreneurial talent provided the opportunity to take creative risks and make impactful content."
Ben Fund, Managing Director – Partner on Carlyle’s Credit Opportunities team expressed enthusiasm for this new phase: “We are excited to partner with Entertainment 360 as it enters its next phase of growth. The 360 team has a long-standing track record of working with top talent in the industry and we believe there are significant opportunities for the team to expand their position as a leading talent management organization.”
Carlyle has invested over $14 billion into sports, media, and entertainment sectors since 2017. As of September 30, 2024, its Global Credit platform manages $194 billion in assets.
Advisors for Entertainment 360 during this transaction included The Raine Group and Venable LLP while Latham & Watkins LLP advised Carlyle.
Entertainment 360 was founded in 2002 and offers management services for actors, writers, directors, and showrunners along with development support. Its production arm creates various acclaimed projects based on both original ideas and acquired material.
Carlyle is a global investment firm managing $447 billion in assets across different segments including Global Private Equity and Global Credit.