What Should Know About Proxima Media
Ryan Kavanaugh is one of the most successful, prolific, and lauded CEOs in the entertainment industry’s history. He founded Proxima Media, the controlling stakeholder of Triller and other companies.
He produced, distributed, and structured financing for more than 200 movies, earning more than $20 billion in worldwide box office revenue, 60 Oscar nominations, and ranking as the 25th highest-grossing film producer of all time. These movies include Fast and Furious 2–6, 300, Social Network, Limitless, Fighter, Talladega Nights, Step Brothers, and Talladega Daytime Stories.
In addition, Ryan Kavanaugh pioneered a novel financing arrangement for the post-bankrupt Marvel, establishing the studio and financial framework that gave rise to the Marvel Cinematic Universe. It was one of many “first of their kind” partnerships that Kavanaugh created. He later collaborated with Netflix to establish the SVOD (streaming) category, which helped to increase the value of that company’s stock from $2 to $10 billion.
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Then Ryan Kavanaugh built a sports agency from scratch, now known as Independent Sports & Entertainment. Under Kavanaugh’s direction, this agency came to get the second largest in the United States, with over 2.5 billion dollars in player contracts.
Additionally, for $200 million, he founded the dominant television production firm Critical Content, producing popular shows, including Catfish on MTV and Limitless on CBS. The company had 40 television series airing on 19 networks before its acquisition.
In addition to investing PreCash, which was later renamed Noventis and sold earlier this year for close to $300M, Kavanaugh has established or invested in several successful digital and biotech startups. Seed infused in ZetaRX, which was later renamed Juno and was the largest biotech IPO of 2014; more recently, Seed oversaw the acquisition, merger, and relaunch of Triller, a social media and music app.
In addition to numerous accolades and awards, Kavanaugh has been named a Billion-Dollar Producer by the Daily Variety, the 100 Most Influential People in the World by Vanity Fair, and Fortune’s 40 Under 40 Most Influential People in Business.