Diverse range of investors signal widespread vote of confidence for
new venture with eight-figure round
LOS ANGELES–(BUSINESS WIRE)–MACRO, the next generation multi-platform media company founded by
former WME Partner/Agent Charles D. King, announced today that it has
closed its first round of funding earlier this summer.
“I couldn’t be more thrilled with this incredible group of partners and
investors. Among them, they represent some of the most boundary-pushing,
innovative thinkers and leaders in their respective fields of
technology, finance and media,” says Charles D. King, CEO & Founder of
MACRO. “Most importantly, these individuals ascribe to the global vision
of MACRO and understand what a tremendous opportunity awaits us. Their
endorsement enables MACRO to create universally themed premium content
for the African American, Latino and multicultural market, which has
been vastly underserved for too long.”
MACRO received a boost from its lead investor Emerson Collective,
founded by Laurene Powell Jobs. Emerson Collective supports social
entrepreneurs who are innovating ways to create lasting avenues for
social and economic mobility. Powell Jobs shapes the vision of the
company and their focus on collaborating with partners who harness the
entrepreneurial spirit and are determined to disrupt the status quo by
accelerating positive change.
King has also secured financing from MNM Creative, a multimedia and
entertainment company with offices in Shanghai, Hong Kong and Los
Angeles. The firm is dedicated to supporting, producing and financing
diversity-driven, multicultural content across all media with its
strategic partners in the U.S. and across Asia. Also participating in
the round is digital media expert Michael Kassan’s firm Medialink.
Medialink is a strategic advisory and business development firm that
operates at the intersection of media, marketing, advertising,
entertainment, technology and finance.
Other notable investors in the company include Wall Street Titan and
MACRO advisor, Raymond J. McGuire, Global Head of Corporate and
Investment Banking at Citibank, tech entrepreneur/investor Justin
Yoshimura and Michael Kane, Managing Director of the Los Angeles based
private equity firm Caltius Capital.
“Charles is uniquely poised to lead what’s sure to become the kind of
media company that will launch careers and brands, but more importantly
add rich value to our entertainment culture,” said Laurene Powell Jobs.
“Charles has an extraordinary set of creative instincts — he’s
demonstrated a remarkable ability to amplify talent, trends, and content
to multi-cultural audiences throughout his career.”
Corey Martin of Davis, Shapiro, Lewit, Grabel, Leven, Granderson and
Blake structured the holding company financing for MACRO alongside
co-counsel Irell & Manella and Latham & Watkins.
MACRO has already lined up projects from filmmakers Ryan Coogler (Creed,
Fruitvale Station) and Craig Brewer (Hustle & Flow) that
will be announced at a later date.
Launched in 2015, MACRO is an innovative media asset holding company
founded by Charles D. King, former long-time partner at William Morris
Endeavor (WME). The disruptive entertainment company is focused on
premium content creation, distribution and engagement for African
American, Latino and multicultural (ALM) audiences. King is the first
and only African American to rise from the mailroom to partner in the
116-year history of WME. His career as an agent spanned over 15 years,
during which he was known for his innovative deal making and his
strategic planning in developing brands for and around his clients. The
executive and management team at MACRO includes Ronald Hohauser as Chief
Financial Officer, Poppy Hanks as SVP/Development and Production and
Michael Palank as VP/Digital and Business Development. Ted Sarandos,
Chief Content Officer at Netflix and Raymond J. McGuire, Global Head of
Corporate and Investment Banking at Citibank, serve on the advisory
board of the company. MACRO’s headquarters are in the Kilroy Realty
Sunset Media Center in the heart of Hollywood. Go to www.macro.ventures
for more information.
The Collins Jackson Agency
Staci R. Collins Jackson, 312-600-7774