USA – Macro, a Los Angeles, CA-based multi-platform media company, raised over $90M in funding.
The round was led by BlackRock Alternatives, through the BlackRock Impact Opportunities Fund HarbourView Equity Partners and funds managed by Goldman Sachs Asset Management, with participation from Emerson Collective, AMC Networks, Essence Ventures, MNM Creative, Raymond J. McGuire, Anré Williams, Clara Wu.The company intends to use the funds to scale and expand operations across its existing business verticals, as well as invest in key organic and inorganic growth initiatives to diversify its revenue streams and reinforce the company’s core lines of business.Led by CEO Charles D. King, Macro is a multi-platform media company representing the voice and perspectives of people of color. Its multiple content studios include Macro Film Studios, Macro Television Studios and Macro Digital Studios. Macro Film Studios co-financed the critically acclaimed Judas and the Black Messiah, Mudbound, Fences, Roman J. Israel, Esq., Just Mercy, Sorry to Bother You, Nine Days, Farewell Amor, Blast Beat, The Land and Blue Bayou. The film studio has amassed fifteen Oscar nominations and three wins. Macro Television Studios has two Netflix series—Emmy Award nominated Raising Dion and the Peabody Award nominated Gentefied. The company also houses Brand Macro, an in-house branding and creative agency and UNCMMN, the company’s wholly owned talent, brand management and entertainment strategy firm. 21/03/2023
