SPAC-tacular: 10 Media and Entertainment SPACs to Watch
SPACs are clearly having a moment, with a new blank check company backed by either a celebrity or Hollywood power player — sometimes, both — emerging seemingly on a daily basis. If you’re having a hard time keeping track, don’t sweat it, because there have been a lot of media and entertainment-focused SPACs that’ve launched in the last few months. And whether it’s Shaquille O’Neal teaming up with former Disney and TikTok executive Kevin Mayer, pop star Ciara, or ex-Netflix VP Cindy Holland and ex-Hulu CEO Randy Freer entering the space, there have been plenty of heavy hitters getting in on the SPAC action. Here are 10 large, well-financed SPACs to keep an eye on in 2021: Also Read: Inside the Fight for Exclusive Content as Streamers Acquire Studio Libraries 1. Horizon Acquisition Corp. II Key People: Former Netflix Original Content VP Cindy Holland Funds: $500 million It didn’t take long for Holland to land on her feet. Only a few months after leaving Netflix following nearly two decades of service, Holland in November joined the board of Horizon Acquisition Corp. II, a SPAC that raised $500 million to target media and entertainment companies. The SPAC was established last summer by Eldridge...
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