MRC (company)

For other uses, see MRC.

MRC II Distribution Company, L.P.,^[2] doing business as MRC (formerly Media Rights Capital), is an American film and television studio. Founded by Mordecai (Modi) Wiczyk and Asif Satchu, the company funds and produces film and television programming.

MRC II Distribution Company, L.P.

Trade name	MRC
Formerly	Media Rights Capital (2006–2013)
Company type	Private
Industry	Film Television
Founded	2006; 18 years ago (2006)
Founders	Modi Wiczyk Asif Satchu
Headquarters	9601 Wilshire Boulevard, Beverly Hills, California 90212 , U.S.
Area served	Worldwide
Key people	Modi Wiczyk (co-CEO and co-chairman) Asif Satchu (co-CEO and co-chairman) Scott Tenley (COO)
Owner	Eldridge Industries (minority)
Website	www.mrcentertainment.com
Footnotes / references [1]

The company's divisions include MRC Film, MRC Non-Fiction, and MRC Television. In 2018, the company merged with Todd Boehly's media assets under Valence Media, with the company as a whole taking on the MRC name in 2020; this included Dick Clark Productions (briefly known as MRC Live & Alternative), audience data firm Luminate (the former Nielsen SoundScan), and the entertainment industry publications Billboard and The Hollywood Reporter. Boehly (through Eldridge Industries) re-acquired most of these assets in August 2022.

Productions by the company have included the Netflix series House of Cards and Ozark, and the films Baby Driver, Knives Out, and Ted.

History

Early history

MRC was founded by Modi Wiczyk and Asif Satchu in 2006.^[3] Its early investors included Guggenheim Partners, AT&T, WPP Group, Goldman Sachs and ABRY Partners.^[4][5] In 2007, it funded filmmakers such as Robert Rodriguez, Ricky Gervais, Walter Salles, Ryan Murphy, Richard Kelly, Bennett Miller and Todd Field.^[6] The same year, it entered into an agreement with Warner Bros. Pictures to allow Warner to distribute three of the eight pictures over a $250 million feature production funding.^[7] MRC launched a television division of the studio in early 2008.^[8]

In 2008, The CW leased its Sunday-night schedule to MRC beginning in the 2008-09 television season. MRC scheduled the reality show In Harm's Way and the dramas Valentine and Easy Money.^[9] In November 2008, after all four shows drew poor viewership, The CW announced that it would withdraw from the agreement.^[10] The network returned the Sunday timeslots to its affiliates in the 2009–10 season.^[11] In 2010, MRC made a bid to buy Focus Features from NBCUniversal but was unable to close the deal. That same year, MRC struck a 5-year, 20-picture distribution deal with Universal Pictures.^[12] After acquiring rights to produce a U.S. remake of the BBC miniseries House of Cards, MRC would sell the series to the streaming service Netflix in 2011.^[13][14][15]

On February 1, 2018, Eldridge Industries, a holding company owned by former Guggenheim Partners president Todd Boehly, announced that it would contribute its media assets — including The Hollywood Reporter, Dick Clark Productions, and Billboard, and merge them with MRC into a new company known as Valence Media.^[16] In October 2018, MRC formed a joint venture with United Talent Agency known as Civic Center Media, which seeks to back projects involving its members via MRC.^[17][18]

2019–2022: Valence Media and PMRC

In December 2019, Valence Media acquired Nielsen Holdings' music data business, with the division being rebranded as MRC Data.^[19]

In 2020, Valence Media rebranded as MRC.^[20]

On September 23, 2020, it was announced that Penske Media Corporation, owner of The Hollywood Reporter's main competitor Variety, would assume operations of the MRC Media & Info publications under a joint venture with MRC known as PMRC. In turn, MRC will form a second joint venture that will develop content tied to PMRC publications.^[21]

In September 2021, former E! president Adam Stotsky became the new president of MRC Live & Alternative, replacing the outgoing Amy Thurlow. At this time, Dick Clark Productions was folded into MRC Live & Alternative and discontinued as a brand.^[22]

2022–present: Unwinding of the Valence merger

In August 2022, Eldridge agreed with Wiczyk and Satchu to divide MRC's assets, effectively undoing the 2018 Valence Media merger. Eldridge re-acquired the company's live and alternative division (which resumed business as Dick Clark Productions), as well as MRC's share of the PMRC joint venture, Luminate (the former MRC Data), and investments in studios including A24 and Fulwell 73. The remaining MRC entity, in which Eldridge will retain a minority stake, will retain its scripted film and TV production entity as well as investments in Civic Center Media and T-Street Productions.^[23] Wiczyk and Satchu became chairmen of the company in 2023.^[24]

SpinMedia

SpinMedia (formerly BuzzMedia) was an American digital publisher that owned a number of pop culture websites, including Spin, Stereogum, Vibe, and The Frisky.^[25] It was founded in 1999 by Anthony Batt, Marc Brown, Kevin Woolery, and Steve Haldane under the name Buzznet,^[26] and by 2006, Buzznet had a total of nine employees in the Los Angeles, California, area.^[26] The BuzzMedia name was created as the company started to acquire more pop-culture and music blogs.

The company acquired Spin Media, publisher of Spin magazine, in July 2012.^[27] After shutting down the print version of the magazine, reducing its staff to about 200, and focusing on advertising, it rebranded itself as SpinMedia in March 2013.^[28] At that time, Steve Hansen became its chief executive.^[28] In April 2013, it acquired Vibe magazine.^[29][30]

In 2014, M/C Partners became the primary owner of SpinMedia after an assignment for benefit of creditors.^[31] That year, BuzzMedia had also acquired music sites Property of Zack, AbsolutePunk.net, Under The Gun Review, and Punknews.org.^[32]

In September 2016, SpinMedia sold Buzznet, Idolator, and PureVolume to startup corporation Hive Media.^[33] In December of that year, Eldridge Industries acquired Spin, Vibe, Stereogum, and Death and Taxes via the Hollywood Reporter-Billboard Media Group for an undisclosed amount, making Billboard the world's largest music brand in terms of digital traffic and audience share.^[34][35] Celebuzz, The Frisky, and The Superficial were sold to CPX Interactive.^{[36][better source needed]} In January 2020, Spin and Stereogum were sold to Next Management Partners and the site's management, respectively, as part of a larger focus on Vibe and a music data business.^[37]

Filmography

Films projects

Films produced or co-financed by MRC have included:

Year	Film	Details
		Director(s)	Production companie(s)	Distributor(s)	Budget	Gross
2006	Babel[38]	Alejandro González Iñárritu	Paramount Vantage Anonymous Content Zeta Film Central Films	Paramount Pictures (English-speaking territories and Latin America) StudioCanal (France) Summit Entertainment (International)	$25 million	$135.3 million
2008	Linha de Passe	Walter Salles Daniela Thomas	Pathé Videofilmes	Universal Pictures	—	—
2009	Brüno	Larry Charles	Four by Two Films Everyman Pictures		$42 million	$138.8 million
	Shorts	Robert Rodriguez	Imagenation Abu Dhabi Troublemaker Studios	Warner Bros. Pictures	$20 million	$29 million
	The Invention of Lying	Ricky Gervais Matthew Robinson	Radar Pictures Lynda Obst Productions	Warner Bros. Pictures (United States) Focus Features (International)	$18.5 million	$32.7 million
	The Box	Richard Kelly	Radar Pictures	Warner Bros. Pictures (North America) The Weinstein Company (International)	$30 million	$33.3 million
2010	Devil	John Erick Dowdle	The Night Chronicles	Universal Pictures	$10 million	$62.6 million
2011	The Adjustment Bureau[38]	George Nolfi	Gambit Pictures Electric Shepherd Productions		$62 million	$127.8 million
	30 Minutes or Less	Ruben Fleischer	Columbia Pictures Red Hour Productions	Sony Pictures Releasing	$28 million	$40.7 million
2012	Ted[38]	Seth MacFarlane	Fuzzy Door Productions Bluegrass Films Smart Entertainment	Universal Pictures	$50–65 million	$549.4 million
2013	Elysium	Neill Blomkamp	TriStar Pictures QED International Alphacore Kinberg Genre	Sony Pictures Releasing	$115 million	$286.1 million
2014	A Million Ways to Die in the West	Seth MacFarlane	Fuzzy Door Productions Bluegrass Films	Universal Pictures	$40 million	$87.2 million
	22 Jump Street[39]	Phil Lord Christopher Miller	Columbia Pictures Metro-Goldwyn-Mayer LStar Capital Original Film Cannell Studios Storyville 75 Year Plan Productions	Sony Pictures Releasing	$50–84.5 million	$331.3 million
	Think Like a Man Too	Tim Story	Screen Gems Will Packer Productions		$24 million	$70.2 million
	Sex Tape	Jake Kasdan	Columbia Pictures LStar Capital Escape Artists		$40 million	$126.3 million
2015	Chappie	Neill Blomkamp	Columbia Pictures LStar Capital Kinberg Genre		$49 million	$102.1 million
	Furious 7	James Wan	Original Film One Race Films China Film Co., Ltd.	Universal Pictures	$190 million	$1.515 billion
	Ted 2	Seth MacFarlane	Fuzzy Door Productions Bluegrass Films		$68 million	$215.9 million
	Hotel Transylvania 2	Genndy Tartakovsky	Columbia Pictures Sony Pictures Animation LStar Capital	Sony Pictures Releasing	$80 million	$474.8 million
2017	Baby Driver	Edgar Wright	TriStar Pictures Big Talk Productions Working Title Films		$34 million	$226.9 million
	The Dark Tower	Nikolaj Arcel	Columbia Pictures Imagine Entertainment Weed Road Pictures		$66 million	$113.2 million
2018	Hotel Transylvania 3: Summer Vacation	Genndy Tartakovsky	Columbia Pictures Sony Pictures Animation		$65–80 million	$528.6 million
	Mortal Engines	Christian Rivers	Scholastic Entertainment Silvertongue Films Perfect World Pictures WingNut Films	Universal Pictures	$100–150 million	$83.7 million
2019	Dora and the Lost City of Gold	James Bobin	Paramount Players Nickelodeon Movies Walden Media Burr! Productions	Paramount Pictures	$49 million	$120.6 million
	Knives Out	Rian Johnson	T-Street Productions Ram Bergman Productions	Lionsgate	$40 million	$312.9 million
2020	The Lovebirds	Michael Showalter	Paramount Pictures 3 Arts Entertainment Quinn's House	Netflix	$16 million	—
2021	The SpongeBob Movie: Sponge on the Run[40]	Tim Hill	Paramount Animation Nickelodeon Movies United Plankton Pictures	Paramount Pictures (Canada and China) Paramount+ (United States) Netflix (International)	$60 million	$4.8 million
	The Sparks Brothers[41]	Edgar Wright	Complete Fiction Pictures	Focus Features (worldwide) Universal Pictures (International)	—	$1.2 million
	Peter Rabbit 2: The Runaway[40]	Will Gluck	Columbia Pictures Animal Logic 2.0 Entertainment Olive Bridge Entertainment	Sony Pictures Releasing	$45 million	$154 million
2022	Hotel Transylvania: Transformania	Derek Drymon Jennifer Kluska	Columbia Pictures Sony Pictures Animation	Amazon Studios (worldwide) Sony Pictures Releasing (China)	$75 million	$18.5 million
	Jerry & Marge Go Large	David Frankel	Paramount Players Levantine Films	Paramount+	—	—
	Persuasion[42]	Carrie Cracknell	Bisous Pictures Mad Chance Fourth and Twenty Eight Films	Netflix	—	—
	The Last Rider	Alex Holmes	New Black Films	Roadside Attractions (United States and Canada) Dogwoof (International)	—	$253,770
2023	The Blackening	Tim Story	The Story Company Tracy Yvonne Productions Artists First Catchlight Studios	Lionsgate (worldwide) Universal Pictures (International)	$5 million	$18.6 million
	Fair Play	Chloe Domont	T-Street Star Thrower Entertainment	Netflix	—	—
	Milli Vanilli	Luke Korem	MTV Entertainment Studios Keep on Running Pictures	Paramount+	—	—
	Self Reliance	Jake Johnson	Clown Show Lonely Island Classics Walcott Productions	Hulu Neon (United States) Republic Pictures (International)	—	—
	Saltburn	Emerald Fennell	Metro-Goldwyn-Mayer Lie Still LuckyChap Entertainment	Amazon MGM Studios (United States) Warner Bros. Pictures (United Kingdom/Ireland)	—	$21.1 million
	American Fiction	Cord Jefferson	T-Street Almost Infinite 3 Arts Entertainment	Orion Pictures(through Amazon MGM Studios)	$10 million	$23 million
	The Contestant	Clair Titley	Misfits Entertainment	Hulu	—	—
2024	The Greatest Night in Pop	Bao Nguyen	Republic Pictures Dorothy Street Pictures MakeMake Entertainment	Netflix	—	—
	Snack Shack	Adam Carter Rehmeier	Paperclip Limited T-Street	Republic Pictures	$4.5 million	$455,708
	Blink	Edmund Stenson Daniel Roher	Fishbowl Films Eyesteel Film	National Geographic Documentary Films	—	—

Television projects

Year	Show	Details
		Creator(s)	Production companie(s)	Network(s)	Season(s)	Episodes
2008–09	Seth MacFarlane's Cavalcade of Cartoon Comedy	Seth MacFarlane	Fuzzy Door Productions Main Street Pictures	YouTube	1	50
2008–12	The Life & Times of Tim	Steve Dildarian	HBO Entertainment Insane Loon Productions Warner Bros. Television	HBO	3	30
2008	In Harm's Way	Craig Piligian	Pilgrim Studios	The CW	1	8
2008–09	Valentine	Kevin Murphy	Five & Dime Productions		1	8
2008–09	Easy Money	Diane Frolov Andrew Schneider	Hat Trick Productions		1	8
2008–09	Rita Rocks	James Berg Stan Zimmerman	Zimmerman-Berg Lifetime Television	Lifetime	2	40
2009	Surviving Suburbia	Kevin Abbott	Acme Productions NestEgg Productions	ABC	1	13
2009	Kröd Mändoon and the Flaming Sword of Fire	Peter A. Knight Developed by: Peter A. Knight and Brad Johnson	Hat Trick Productions Watson Pond Productions	Comedy Central (U.S.) BBC Two / BBC HD (UK)	1	6
2009	The Goode Family	Mike Judge John Altschuler Dave Krinsky	Ternion Pictures 3 Arts Entertainment Judgemental Films	ABC	1	13
2009–10	Shaq Vs.		Dick Clark Productions		2	10
2010–12	The Ricky Gervais Show	Ricky Gervais Stephen Merchant Karl Pilkington	WildBrain Entertainment HBO Entertainment	HBO (U.S.) Channel 4/E4 (United Kingdom)	3	39
2011–12	How to Be a Gentleman	David Hornsby	CBS Productions	CBS	1	9
2013–18	House of Cards	Beau Willimon	Trigger Street Productions Wade/Thomas Productions Knight Takes King Productions	Netflix	6	73
2015–16	Blunt Talk	Jonathan Ames	The Herring Wonder Fuzzy Door Productions	Starz	2	20
2017–22	Ozark	Bill Dubuque Mark Williams	Aggregate Films Zero Gravity Management Headhunter Films Man, Woman & Child Productions	Netflix	4	44
2017–19	Counterpart[43]	Justin Marks	Gilbert Films Anonymous Content Gate 34 Studio Babelsberg Starz Originals	Starz	2	20
2020	The Outsider	The Outsider by Stephen King Developed by: Richard Price	Aggregate Films Temple Hill Entertainment Pieface Inc. Civic Center Media	HBO	1	10
2020–23	The Great	Tony McNamara	Thruline Entertainment Echo Lake Entertainment Lewellen Pictures Macgowan Films Piggy Ate Roast Beef Productions Civic Center Media	Hulu	3	30
2021	The Shrink Next Door	The Shrink Next Door by Joe Nocera Developed by: Georgia Pritchett	Gloria Sanchez Productions Buckaroo Small Mammal Productions Semi-Formal Productions Bloomberg Media Wondery Civic Center Media	Apple TV+	1	8
2022	Shining Girls	Silka Luisa	Love & Squalor Pictures Michelle MacLaren Entertainment Appian Way Productions		1	8
2022	So You Think You Can Dance	Simon Fuller Nigel Lythgoe Developed by: Simon Fuller	19 Entertainment Dick Clark Productions	Fox	18	312
2022–present	The Terminal List	David DiGilio	Amazon MGM Studios Indivisible Productions Fuqua Films DiGilio Films Civic Center Media	Amazon Prime Video	1	8
2023–present	Poker Face	Rian Johnson	Zucks. Animal Pictures T-Street	Peacock	1	10
2023	Hello Tomorrow!	Amit Bhalla Lucas Jansen	Mortal Media Froward Enterprise Ceremony Pictures Hooptie Filmed Entertainment Apple Studios	Apple TV+	1	10
2024–present	Ted	Seth MacFarlane	Fuzzy Door Productions Universal Content Productions	Peacock	1	7
2024	Time Bandits	Jemaine Clement Iain Morris Taika Waititi	Waititi Waka Atea HandMade Films Anonymous Content Paramount Television Studios	Apple TV+	1	10

References

1. "About MRC". Media Rights Capital. Retrieved June 30, 2012.
2. "MRC II DISTRIBUTION COMPANY, L.P." OpenCorporates. November 30, 2006. Retrieved April 19, 2024.
3. "Media Rights Capital Duo to Lead Revamped Hollywood Reporter Parent Company". The Hollywood Reporter. February 1, 2018. Retrieved December 17, 2023.
4. Bond, Paul (February 13, 2013). "Media Rights Capital Raises $175 Million to Co-Finance Movies". The Hollywood Reporter. Retrieved March 9, 2016.
5. Shaw, Lucas (May 6, 2014). "Guggenheim Invests $240 Million in 'House of Cards' Producer Media Rights Capital". The Wrap. Retrieved March 9, 2016.
6. Fleming, Michael (September 5, 2007). "Media Rights to fund top directors". Variety. Retrieved December 21, 2021.
7. Thielman, Sam; Garrett, Diane (December 5, 2007). "Media Rights Capital, WB pact". Variety. Retrieved December 21, 2021.
8. Fleming, Michael (May 6, 2008). "Metzger moves to Media Rights". Variety. Retrieved December 21, 2021.
9. "MRC Unveils Four Shows for CW Sunday". zap2it.com. Archived from the original on May 29, 2008. Retrieved August 29, 2008.
10. Carter, Bill (November 20, 2008). "CW Says It Is Retaking Control of Its Sunday TV Lineup". The New York Times.
11. de Morales, Lisa (May 21, 2009). "For Fall, CW Brings On the Suds -- and Vampires". The Washington Post.
12. Waxman, Sharon (May 27, 2010). "Universal Strikes 5-Year Deal to Distribute MRC Films". The Wrap. Retrieved March 5, 2024.
13. Andreeva, Nellie (March 15, 2011). "Netflix To Enter Original Programming With Mega Deal For David Fincher-Kevin Spacey Series 'House of Cards'". Deadline Hollywood. Archived from the original on March 16, 2011. Retrieved March 15, 2011.
14. Stelter, Brian (January 18, 2013). "A Drama's Streaming Premiere". The New York Times. Archived from the original on January 24, 2013. Retrieved January 25, 2013.
15. Patten, Dominic (October 30, 2017). "Netflix Cancels 'House Of Cards', Says It's 'Deeply Troubled' Over Kevin Spacey Claims". Deadline Hollywood. Archived from the original on October 30, 2017. Retrieved October 31, 2017.
16. Andrew Wallenstein (February 1, 2018). "Media Rights Capital, Dick Clark Prods., THR-Billboard Combine Company". Variety. Retrieved April 17, 2018.
17. Hipes, Patrick (October 10, 2018). "UTA Teams With MRC On TV Studio Joint Venture Dubbed Civic Center Media". Deadline. Retrieved July 22, 2020.
18. Ng, David (October 10, 2018). "United Talent Agency jumps into TV production in deal with studio behind 'House of Cards'". Los Angeles Times. Retrieved July 9, 2019.
19. Steele, Anne (December 18, 2019). "Billboard Parent Buys Nielsen Music". Wall Street Journal. ISSN 0099-9660. Retrieved July 22, 2020.
20. Goldsmith, Jill (July 22, 2020). "THR Parent Valence Media Rebrands As MRC". Deadline. Retrieved July 22, 2020.
21. Ellefson, Lindsey (September 23, 2020). "Variety Parent Penske Media to Take Over Hollywood Reporter, Billboard in Joint Venture With MRC". TheWrap. Retrieved September 23, 2020.
22. Andreeva, Nellie (September 12, 2021). "Adam Stotsky Named President Of MRC Live & Alternative As Dick Clark Prods. Name Is Phased Out". Deadline. Retrieved October 23, 2021.
23. Earl, William (August 5, 2022). "MRC Chiefs Modi Wiczyk and Asif Satchu Part Ways With Eldridge, PMRC Joint Venture". Variety. Retrieved August 5, 2022.
24. "MRC Names Jenna Santoianni Head of TV as Elise Henderson Exits". March 7, 2023.
25. "BUZZMEDIA Acquires Top Women's Entertainment & Lifestyle Website The Frisky from Turner Broadcasting". Reuters. February 11, 2011. Archived from the original on September 24, 2015. Retrieved September 4, 2015.
26. Ben Kuo (May 10, 2006). "Interview with Anthony Batt, Co-Founder, Buzznet". SoCal Tech" High Tech News and Information for Southern California. Retrieved October 23, 2013.
27. "BUZZMEDIA Buys Spin". SoCal Tech" High Tech News and Information for Southern California. July 10, 2012. Retrieved October 23, 2013.
28. "Buzzmedia Rebrands Itself SpinMedia". Billboard. March 25, 2013. Retrieved October 23, 2013.
29. "Vibe Magazine Purchased by SpinMedia, Will Probably Go Online-Only". Billboard. April 25, 2013. Retrieved October 23, 2013.
30. Sisario, Ben (April 25, 2013). "Vibe Magazine Is Sold and Likely to Become Online Only". The New York Times. Retrieved October 23, 2013.
31. "SpinMedia LLC Acquired By New Investors as SpinMedia Group Receives $10M" (Text). Billboard. February 3, 2014. Retrieved January 2, 2017.
32. Bruce Houghton (August 27, 2012). "Fresh Off Spin Magazine Purchase, BUZZMEDIA Buys 4 Top Punk Rock Sites". Retrieved August 27, 2012.
33. Rys, Dan (September 21, 2016). "SpinMedia Sells Idolator, Buzznet & PureVolume to Hive Media". Billboard. Retrieved September 22, 2016.
34. "The Hollywood Reporter-Billboard Media Group Acquires SpinMedia's Music Brands, Including SPIN, VIBE, and Stereogum". Spin. December 22, 2016. Retrieved December 10, 2020.
35. "Billboard Buys Spin and Vibe in a Quest to 'Own the Topic of Music Online'". Adweek. December 22, 2016. Retrieved March 10, 2017.
36. "More SpinMedia sites sold (RIP SpinMedia)". BrooklynVegan. Retrieved January 2, 2017.
37. "Billboard-The Hollywood Reporter Media Group Sells Spin, Agreement in Place for Sale of Stereogum". Billboard. January 16, 2020. Retrieved July 22, 2020.
38. McClintock, Pamela (September 20, 2011). "Media Rights Capital Closes Five-Year $350 Million Credit Facility". The Hollywood Reporter. Retrieved July 10, 2019.
39. "22 Jump Street". mrcstudios.com. Retrieved March 9, 2016.
40. Goldsmith, Jill (July 22, 2020). "THR Parent Valence Media Rebrands As MRC". Deadline. Retrieved July 26, 2020.
41. Debruge, Peter (December 15, 2020). "Sundance Film Festival Lineup Features 38 First-Time Directors, Including Rebecca Hall and Robin Wright". Variety. Retrieved December 15, 2020.
42. D'Alessandro, Anthony (April 20, 2021). "Dakota Johnson Set To Star In Netflix & MRC Film's Jane Austen Update 'Persuasion'". Deadline Hollywood. Retrieved April 20, 2021.
43. "JK Simmons To Star In Starz Drama Series From 'The Imitation Game' Director". Deadline Hollywood. April 22, 2015. Retrieved April 22, 2015.

External links

• Official website