Billboard, Hollywood Reporter, and others merge into new ‘Valence Media’ company
Billboard and other big media companies have come together to become one big unified company.
Film, television, news, all come together in a new partnership that sees 3 of media’s biggest companies join together. The new ‘Valence Media’ company is made up of the Billboard and Hollywood Reporter Media Group, Dick Clark productions, and Media Rights Capital (MRC) – a film and television studio.
The companies revealed the merger last Thursday, hoping that bringing their different areas of talent into a joint effort can enhance their film & television production, publishing and hosting live events. Each company will remain it’s own brand with independent leadership but work under a larger whole with better connections and resources.
Valence will be led by 2 of MRC’s co-founders Asif Satchu and Modi Wiczyk who will serve co-CEOs of Valence. Todd Boehly will serve as the chairman of Valence. Wiczyk said to Variety: “What we have as a foundation from day one is expertise and relationships across film, scripted TV, live events and digital media. That’s a great base to build from.”