TPG Growth and Liberty Global Launch Independent Television Studio, Platform One Media
Platform One Media to be led by industry veteran and former CEO of Gaumont Television,
Los Angeles, San Francisco, and Fort Worth, Texas – July 17, 2017 – TPG Growth, the middle market and growth equity platform of alternative asset firm TPG, and Liberty Global, the world’s largest international television and broadband company, today announced the launch of a global television production and distribution studio—Platform One Media.
TPG Growth will fund their investment through Evolution Media, an investment partnership with CAA and Participant Media. Liberty Global will initially be taking a minority equity stake in the business, attributed to Liberty Global Group. Additional terms of the investment were not disclosed.
The independent, start-up studio will curate, develop, produce, and distribute high-quality scripted programming for the U.S. and international markets. Veteran television executive Katie O’Connell Marsh, former CEO of Gaumont Television, has been appointed CEO and will be spearheading the company’s activities.
“TPG Growth has a history of identifying and building companies, such as STX Entertainment, that can redefine their categories,” said Bill McGlashan, Founder and Managing Partner of TPG Growth and Co-Founder and CEO of The Rise Fund. “Working with our partners at Evolution Media, we look forward to leveraging our collective experiences and networks in the entertainment space to build this business with Katie and her team.”
"Platform One Media has the key ingredients Liberty Global values in a strategic asset: great leadership, a clear vision and aligned, well capitalized partners,” said Bruce Mann, Chief Programming Officer at Liberty Global. “It also gives us the opportunity to work with world-class talent creating high-quality scripted programming which could potentially feature on Liberty Global’s pay-TV platforms in Europe. We are fortunate to have Katie O'Connell Marsh bringing her vision, drive and creative track record, and to be working with TPG Growth, who we view as a natural strategic partner.”
“The explosion of original content globally is creating an opportunity for new, innovative, and diverse ways to engage audiences beyond the series itself,” said O’Connell Marsh. “With Platform One Media, and our partners TPG Growth and Liberty Global, we are perfectly positioned to develop and distribute compelling narratives that are artistic, meaningful and addictive by working closely with innovative, inspiring talent to bring to life their creative visions.”
For the past 20 years, Katie O’Connell Marsh has held senior management positions covering all aspects of entertainment television programming. O’Connell Marsh spent five years as CEO at Gaumont Television, where she was responsible for launching the studio operation from the ground up in October 2010. While there, she developed and produced leading drama series, including the acclaimed NBC series Hannibal, the Golden Globe-nominated Netflix series Narcos, and Hemlock Grove for Netflix. On the comedy front, she developed F is for Family for Netflix and Gaumont, as well as the Emmy-winning 30 Rock while at NBC and the Emmy-winning Arrested Development during her tenure at Imagine.
Most recently, O’Connell Marsh was Head of Global Live Action Television for Dreamworks Animation where she was tasked with launching the live action television operation for the company. In 2015, O’Connell Marsh was recognized in Variety’s Women’s Impact Report, and in 2014, she was recognized in The Hollywood Reporter’s Top 100 Power Women in Entertainment.
Additional appointments to the Platform One Media executive team include:
As part of its launch, Platform One Media has acquired the portfolio of development projects from Slingshot Global Media and retired the Slingshot brand.
About Platform One Media
About Evolution Media
About TPG Growth
About Liberty Global
Liberty Global’s businesses are comprised of two stocks: the Liberty Global Group (NASDAQ: LBTYA, LBTYB and LBTYK) for our European operations, and the LiLAC Group (NASDAQ: LILA and LILAK, OTC Link: LILAB), which consists of our operations in Latin America and the Caribbean.
The Liberty Global Group operates in 11 European countries under the consumer brands Virgin Media, Unitymedia, Telenet and UPC. The Liberty Global Group also owns 50% of VodafoneZiggo, a Dutch joint venture, which has 4 million customers, 10 million fixed-line subscribers and 5 million mobile subscribers. The LiLAC Group operates in over 20 countries in Latin America and the Caribbean under the consumer brands VTR, Flow, Liberty, Más Móvil and BTC. In addition, the LiLAC Group operates a sub-sea fiber network throughout the region in over 30 markets. For more information, please visit www.libertyglobal.com.
For TPG Growth: