Media Rights Capital, the closely held producer of the Netflix Inc. series “House of Cards,” has new minority shareholders that include Guggenheim Capital LLC, according to people briefed on the matter.
Guggenheim, the Chicago-based investment company, was among a group of investors who bought a minority stake in Media Rights Capital from existing shareholders, said the people, who asked not to be named because the transaction is private. They declined to discuss the size of the deal or valuation.
The ownership change gives Media Rights Capital, producer of the 2012 film “Ted,” investors with access to funds for content and project development, one of the people said. The company will make a third season of “House of Cards,” which won the Emmy last year for director David Fincher, according to the show’s Twitter feed. Season two of the political drama starring Kevin Spacey arrives on Netflix Feb. 14.
Media Rights Capital shareholders AT&T Inc., Goldman Sachs Group Inc. and advertising firm WPP Plc each sold all or part of their stakes, the people said.
Representatives from Goldman Sachs and AT&T declined to comment. A spokesman for WPP, Kevin McCormack, didn’t respond to an e-mailed request for comment.
Modi Wiczyk and Asif Satchu, who founded Media Rights Capital, will retain control of the Beverly Hills, California-based company, one of the people said. “Ted 2,” a sequel to the Mark Wahlberg comedy, which features a talking teddy bear with a foul mouth, is scheduled for release in June 2015.
The R-rated “Ted,” distributed by Universal Pictures, was made for $50 million and generated $549.4 million in worldwide ticket sales, according to researcher Box Office Mojo.
Guggenheim is a financial services company with interests in investment management, investment banking and insurance. Guggenheim Partners, along with Mandalay Entertainment and Mosaic Media Investment Partners, owns Dick Clark Productions. Guggenheim Baseball Management, which includes principals of Guggenheim Partners, Magic Johnson and others, owns the Los Angeles Dodgers.