Latest news with #Moelis
Yahoo
3 days ago
- Business
- Yahoo
Legendary Kicking Lionsgate's Tires
Legendary Entertainment may be looking to acquire Lionsgate Studios, which has just spun off on its own ticker on Wall Street. Lionsgate split itself up, Starz going one way, Lionsgate Studios, the other so that either or both could be primed for M&A. More from Deadline David Dastmalchian Lands Role Of Villain M. Bison In Legendary's 'Street Fighter' Callina Liang Joins Legendary's 'Street Fighter' Movie As Chun-Li Disney Leads U.S. Box Office With $1.1B Year To Date, But Warner Bros Is Billion-Bound Too We're getting word that Moelis & Company investment bank is involved with the early talks here. What's clear is that Lionsgate and Legendary are having conversations on a couple of feature co-productions. That's bound to be the litmus test in regards to seeing how the two companies jam together, and whether a future marriage is in store. Bloomberg was first to report the talks. Legendary Entertainment is the co-financier of such big franchises, largely at Warners, read Dune ($1.1 billion), the Monsterverse and this year's A Minecraft Movie ($955.1M). Lionsgate is the studio behind such notable franchises as John Wick, The Hunger Games, Saw, Twilight, the Divergent series with some award winning titles in 20k-plus library, i.e. Monster's Ball and La La Land. Lionsgate shares jumped 20% on the news to close at $7 with a market cap of $2 billion. Lionsgate has been informally on and off the block for years and executives took close note when Amazon acquired MGM for $8.5 billion in 2022, overpaying most believed. One thing that's dogged a deal is that a buyer wouldn't getting 100% ownership of the cash rich library. The studio offloads its foreign films in order to run a more risk-free, ideally profit-margin type of business. It's why neither Disney nor Apple nor anyone else has scooped up Lionsgate yet. That said, maybe it's not a big deal for Legendary since they're already in the partial rights IP space, owning anywhere from 20%-50% of the movies they co-fund and co-produce. The secret to Lionsgate's success in a streaming-obsessed town where major studios laid billions on the line to launch their own OTT services is that they've remained an arms dealer in TV and film, a provider of content. Lionsgate counts a staff of 1,400 around the globe. Legendary has 180 employees. The Apollo backed Legendary was one of the suitors last year for Paramount Global before David Ellison's Skydance Media LLC prevailed. Bloomberg reports that Legendary CEO Josh Grode told the media outlet that plans are in the works to use Apollo's monies toward entertainment industry takeovers in the billions of dollars range. Legendary and Lionsgate declined to comment. More… Best of Deadline 'The Buccaneers' Season 2 Release Schedule: When Do New Episodes Come Out? 'The Buccaneers' Season 2 Soundtrack: From Griff To Sabrina Carpenter 2025 TV Series Renewals: Photo Gallery
Business Wire
4 days ago
- Business
- Business Wire
Moelis & Company to Announce Second Quarter 2025 Financial Results and Host a Conference Call on July 24, 2025
NEW YORK--(BUSINESS WIRE)--Moelis & Company (NYSE: MC), a leading global independent investment bank, will release its second quarter 2025 financial results after the market closes on Thursday, July 24, 2025. Ken Moelis, Chairman and Chief Executive Officer, Navid Mahmoodzadegan, Co-Founder and Co-President, and Chris Callesano, Chief Financial Officer, will also host a related conference call at 5:00pm ET on the same day (July 24, 2025) to review the financial results. Following the review, there will be a question and answer session. Investors and analysts may participate in the live conference call by dialing +1 (888) 300 4150 (domestic) or +1 (646) 970 1530 (international) and using access code 8014191. Please dial in 15 minutes before the conference call begins. The conference call will also be accessible as a listen-only audio webcast through the Investor Relations section of the Moelis & Company website at For those unable to listen to the live broadcast, a replay of the call will be available for one month via telephone starting approximately one hour after the live call ends. The replay can be accessed at +1 800 770 2030 (domestic) or +1 609 800 9909 (international); the conference number is 8014191. About Moelis & Company Moelis & Company ('Moelis') is a leading global independent investment bank that provides innovative strategic advice and solutions to a diverse client base, including corporations, governments and financial sponsors. The Firm assists its clients in achieving their strategic goals by offering comprehensive integrated financial advisory services across all major industry sectors. Moelis's experienced professionals advise clients on their most critical decisions, including mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters. The Firm serves clients from locations across North and South America, Europe, the Middle East, and Asia-Pacific. For further information, please visit:
Yahoo
04-07-2025
- Business
- Yahoo
San Jose Earthquakes Owner Hires Bank to Sell MLS Club
San Jose Earthquakes owner John Fisher has hired an investment bank to sell his MLS club, according to multiple people familiar with the billionaire's plans. An official announcement is expected sometime on Wednesday. Fisher, who owns and recently relocated MLB's Athletics from Oakland, has retained Moelis & Co. to run the process. The move comes nearly four years after Fisher hired Moelis to explore selling minority shares of his soccer club. Fisher intends to sell a control interest in the Earthquakes this time, according to a source, who was given anonymity because the matter is private. Advertisement More from Moelis, San Jose and MLS declined to comment. In January, the Earthquakes ranked 20th in Sportico's MLS team valuations at $600 million. Fisher paid a $20 million expansion fee for the team in 2007. The Earthquakes play in a soccer-specific stadium, PayPal Park, which is also home to the NWSL's Bay FC. Last year's attendance was the third-lowest in the league, and revenue also ranked near the bottom. Yet, the Bay Area's demographics and deep roster of billionaires push up the value of the club. It had been more than three years since an MLS control stake was sold, before Gail Miller reached an agreement in April to buy Real Salt Lake and NWSL's Utah Royals for nearly $600 million. Miller purchased RSL from the David Blitzer-led group that paid nearly $400 million for the club in January 2022, which had been the prior MLS sale. Advertisement The Vancouver Whitecaps are also on the market. Last December, the MLS franchise majority owned by Greg Kerfoot hired Goldman Sachs to facilitate a sale. MLS is facing an inflection point in several ways, with a critical 24 months ahead. A World Cup bump has long been priced into MLS team values, and it now needs to deliver on the opportunity by converting more casual sports fans to the league. MLS is also weighing shifting its playing schedule to match the FIFA soccer calendar. And top of mind for many teams is how to unlock more value from the league's media partnership with Apple. Fisher has the Earthquakes on the market as he transitions his MLB team from Oakland to Las Vegas. The Athletics are playing this season at Sacramento's Sutter Health Park, the home of the Triple-A Sacramento River Cats. The Athletics are expected to spend at least two more seasons in the California capital before the opening of their new $1.75 billion home in Vegas. Fisher owns more than 95% of the Athletics and hired Galatioto Sports Partners to help sell LP stakes to raise more than $500 million to go towards ballpark construction. Clark County is contributing $350 million of the cost. Advertisement Fisher is worth $3 billion, according to Forbes. Last season, the Earthquakes finished in last place in the Western Conference but sit eighth among 15 teams halfway through this season. (This story has been updated in the third paragraph to reference MLS declining to comment.) Best of Sign up for Sportico's Newsletter. For the latest news, follow us on Facebook, Twitter, and Instagram.
Business Insider
04-07-2025
- Business
- Business Insider
35 books Wall Street investors, dealmakers, and traders say helped them succeed
For the last few years, Business Insider has been spotlighting up-and-comers on Wall Street. We've asked the rising stars about the books that informed both their careers and personal growth. We've compiled their picks for anyone entering the world of finance or kick-starting their career. Aspiring to build a career on Wall Street? One of the best ways to learn the ropes is by picking up the books that helped industry insiders get to where they are today. Over the past few years, we've asked up-and-comers across Wall Street to share the titles that shaped their thinking, sharpened their skills, and inspired their career paths. Their recommendations span everything from billionaire biographies to practical handbooks on leadership, time management, and decision-making. Whether you're just starting out or looking to level up, this list of 35 books offers a curated look at what ambitious professionals on Wall Street have read—and why it matters. "Give and Take" by Adam Grant Amazon "It's about striving to be somebody who gives to others and then expects nothing in return," she said, "and how ironically fruitful that can be for your own life and career." "It shows that it's not just about you. In the grand scheme of things, it's how you help others along the way. How you can grow the pie for everyone." - Rachel Murray, Moelis "How to Lead: Wisdom from the World's Greatest CEOs, Founders, and Game Changers" by David Rubenstein "It's kind of an anthology of various industries. A key takeaway from these stories is the importance of finding your passion. I'm obviously very passionate about finance." "Liar's Poker" by Michael Lewis Amazon "I am a little biased because I started my career at Citigroup, which is formerly Salomon Brothers. I also recommend 'Panic!' by Michael Lewis, and I generally like all the 'Market Wizards' series, which are helpful in knowing what fits your trading style and what doesn't." "Young Money" by Kevin Roose The book holds insights into "all the wrong reasons why you can go into finance." "Why We Sleep: Unlocking the Power of Sleep and Dreams" by Matthew Walker A "This book explores sleep's impact on your body and mind." "Before the coronavirus pandemic, I was a daily 4:30 A.M. workout warrior and advocate for holistic nutrition, but I certainly was not prioritizing sleep in my health equation. This was an eye-opening and convincing read that has helped me to get significantly more shut-eye." "I'm a bad sleeper. This book puts in layman's terms why you need to sleep and why it's important for so many reasons." "The Master: The Long Run and Beautiful Game of Roger Federer" by Christopher Clarey "I recently read 'The Master' the biography of Roger Federer, who some would argue is one of the best (tennis) players, if not the best player, of all time. Every time I read one of the tennis biographies, you're reminded that it's a very all-consuming commitment to be one of the greatest. At least in the case of tennis, it's a very lonely existence. You're the only person out there. You in your mind battling it out. The key is making sure you surround yourself with the right team. "Every player, at least in the major tournaments, has a player's box. You'll have the family, the coach, and some friends in the player's box. "The lesson I think is who's in my player's box? How do they help me keep going? And, similarly, at least in the investing world, am I in the player's box for others? How do I be the best person on the sidelines supporting?" "Dare to Lead" by Brené Brown "Leaders are in the arena, and there are lots of people in the stands who are there just to criticize or comment on what you're doing. But being in the arena takes courage. It gives you a lot of advice around, how do you think about having that courage?" "The Most Important Thing" by Howard Marks Amazon "It taught me that all decision-making should be driven by the gap between expected value and market price, and expected value is calculated by weighing each outcome by its probability of occurring. "Second-level thinking is all about finding value that others don't appreciate yet. It's risk/reward times the coefficient of likelihood for being right." "Active Portfolio Management: A Quantitative Approach for Producing Superior Returns and Selecting Superior Returns and Controlling Risk" by Richard Grinold and Ronald Kahn Amazon "The Short and Tragic Life of Robert Peace" by Jeff Hobbs "It was a really interesting dichotomy. It's about a young African-American man who grew up in a rougher neighborhood in Newark but went to Yale and ended up being really successful in his academic work. But he struggled at times to mesh the two worlds together." "It shows that the path to equality isn't always as easy and seamless. Going to Yale on a scholarship, it can still be really hard for people. People often don't get that." "Lords of Finance: The Bankers Who Broke the World" by Liaquat Ahamed Amazon "It's a great book about monetary policy in the Depression era that has major implications for how monetary policy and currencies have evolved." "Bad Blood: Secrets and Lies in a Silicon Valley Startup" by John Carreyrou Amazon "Theranos founder Elizabeth Holmes was a few years ahead of me at Stanford. It's one of the greatest diligence misses of all time. As you think about that as investor, there are a lot of lessons to be learned." -Katherine Wood, TPG "Originals: How Non-Conformists Move the World" by Adam Grant Amazon "I spend a lot of time with founder-led companies within the tech world. I like working with them because they're very focused on disrupting the status quo, not just in the businesses they're building but in anything they do, and that includes working with bankers and advisors writ large." "They really force their advisors to think outside the box and challenge the traditional way of doing things. Part of Adam Grant's book is talking about what makes founders founders, and it's been incredible watching them ask a question that might be perceived as basic, but there's really sort of that double layer of, 'Why is it being done this way, and why can't we do it in a better, more efficient way?'" "The Happiness Equation" by Neil Pasricha "He wrote this book that really shares some tips about how to have a happier life and ways that you can streamline things in your work; how to find a better work-life balance; and how to think about where you'd like to spend your time and how you're spending your time and the types of things you're investing in." "I've picked up so many helpful tips and tricks from there. I feel like it's a must-read for people — financial-related or not, I think it applies to all different industries — on really how to take a step back and identify what is meaningful to you. And are you spending the right amount of time on things that you deeply care about versus things that are just, you know, background noise?" "The Effective Executive" by Peter Drucker "It's one of the best management books. I think what's unique about the book is when I first looked at the title, I was a little bit intimidated by it — like, this is just for executive positions. "But he looks at everyone being an executive in their role, and he provides some extremely practical advice on how to become more effective in anything we do in our everyday life. Some are well-known — such as time management, focusing on strengths. "Even those obvious things that he brings up, he makes it so simple to apply in your everyday life. For example, on time management, there are just two questions you need to ask yourself on a regular basis: What would happen if I don't do certain things? And can these things be done by somebody else? "That helps you to eliminate a lot of time-wasters and use time more wisely. Super simple, but at the same time, quite practical." "The Obstacle Is the Way: The Timeless Art of Turning Trials Into Triumph" by Ryan Holiday "It's a book framed through the teaching of Marcus Aurelius, who was also a Roman emperor, and it covers how to optimize situations and make the best out of everything. The book does a great job of translating philosophy into modern context." "As for how that translates to me: Clients expect a trusted advisor to maintain poise and equanimity in situations that are stressful to them. So this has been helpful in taking a teaching that is 2,000-plus years old and transferring it to the 21st century." "Factfulness: Ten Reasons We're Wrong About the World — and Why Things Are Better Than You Think" by Hans Rosling "What the author is trying to do is to help the reader look at the world and analyze global trends in a more objective way. In a very engaging and comical way, he shows you that human beings tend to think that the world is more dramatic than it really is. So people's brains are systematically misinterpreting the state of the world. "Something that really hits on that point is the beginning of the book. He presents the reader with a set of 13 questions. Each question has three multiple-choice answers. The bottom line is that most people actually score lower than the theoretical chimpanzee would have on these questions. "He tries to walk you through a formula to avoid looking at the world in this overly dramatized way. I think he's not talking specifically about the financial markets, but I think it's so relevant to investing because this is part of the way you can capitalize on opportunities." "Mindset" by Carol Dweck Amazon The book emphasizes "how a growth mindset — or the belief that talents can be developed with hard work and good strategies and input from others — can enable much better outcomes than people with a fixed mindset, which is believing that talents are just innate gifts." "The reason that a growth mindset matters so much is that it fosters an emphasis on learning and intellectual curiosity instead of trying to seem like the smartest person in the room, and that's something that I often reflect on for my own personal development as well, as a quality to look for as we bring on really amazing management teams." "Drawdown: The Most Comprehensive Plan Ever Proposed to Reverse Global Warming" edited by Paul Hawken Amazon "For me, it's a game plan of how to actually seek solutions to the biggest existential threat that we actually face as a species and as a planet. Whenever I introduce people to the book, you see people get obsessed with the kinds of things that we can be doing, whether that's regenerative agriculture, renewable energy, or reducing food waste." "Beating the Street" by Peter Magellan Amazon "Being a Fidelity person, I had to pick a Peter Lynch book. Beating the Street has been one of my favorites, such a classic. It's about how Peter ran Magellan day-to-day. And so I've just found it to be an excellent guide to investment processes for new fund managers." "Security Analysis" by Benjamin Graham and David Dodd Amazon "Much has been said about 'Margin of Safety' over the years, but in my opinion nothing quite compares to the original "Security Analysis" by Benjamin Graham and David L. Dodd. They epitomized the concept through their careful approach, still relevant to this day." - Paul Kamenski, Man Group's Man Numeric "Shoe Dog" by Phil Knight Amazon "I recently read 'Shoe Dog,' which is Phil Knight's autobiography and the story of how he founded Nike. I chose it because our firm is, in some respects, a startup, as we are launching new lines of business and building upon others, and I wanted to learn about an entrepreneur's success story. Nike certainly had some difficult and existential issues in its early years, and the book was a good reminder about the importance of perseverance and believing in the value of one's work." - Jackie Klaber, Rockefeller Capital Management "Breaking the Bamboo Ceiling: Career Strategies for Asians" by Jane Hyun Amazon We read it as part of an Asian-American affinity group at TPG. It's a very tactical book on how Asian Americans can advance in the workplace, and it's written in a style that gives stories of actual people but gives very tangible advice. I enjoyed it quite a bit. - Akash Pradhan, TPG "How to Win Friends and Influence People" by Dale Carnegie Amazon "Everything in the investing business is relationship-based, and Henry and George, the KKR founders, often talk about doing business with people you like and trust. This is a book I've read three or four times and is really a staple." - Evan Kaufman, KKR "The Ride of a Lifetime: Lessons Learned From 15 Years as a CEO" by Bob Iger Amazon Bob Iger, a former CEO at Disney, "early on saw the need to create digital channels for his customers and understood the virtuous cycle he could create around the right types of content, which informed his M&A strategy. Some of the M&A moves that he did in the preceding 10 years were really prescient." - Tyler Parker, EQT Group "A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market" by Ed Thorp Amazon "Reading the stories of great investors is both fun and informative. What's most interesting is the commonalities you see between the two investors despite radically different approaches and asset classes." - Philip Dobrin, Bridgewater Associates "Foundation" by Isaac Asimov Amazon "There's a lot of game theory involved, analyzing big data to predict outcomes. The concepts in that book and trilogy are very relevant today." - Vlad Moshinsky, Miller Buckfire "Range: Why Generalists Triumph in a Specialized World" by David Epstein Amazon "Looks at the benefits of late specialization and a diversity of experience, and how knowledge in a variety of arenas can pay off, especially when solving complex problems that require creative solutions." - Shaan Tehal, Morgan Stanley "Contrarian Investment Strategy: The Psychology of Stock Market Success" by David Dreman Amazon "Compared with what has now often become fairly complex and evolved, his works as an early adopter of the approach were simple, intuitive, and persuasive, establishing clear roots for what it means to use a systematic approach." - Paul Kamenski, Man Group's Man Numeric "Crossing the Chasm: Marketing and Selling Disruptive Products to Mainstream Customers" by Geoffrey A. Moore Amazon A "must-read" for any aspiring tech investors. - John Curtius, Cedar Capital "The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success" by William Thorndike Jr. Amazon "The book best represents how I think about investing and also articulates the success stories and habits of the best CEOs of the 20th century." - Sims Lansing, Lansing Management "Flash Boys: A Wall Street Revolt" by Michael Lewis Amazon "'Flash Boys' was a prime example of how technological innovation and forward-thinkers can reshape an entire industry. In 'Flash Boys,' novel computer algorithms and communications networks caused both market structure and behavioral changes to the trading industry. "Similarly, today we're experiencing the confluence of cryptography, blockchain technology, and distributed systems, which are meaningfully challenging preconceived notions of not just the financial industry but what constitutes money." - Michael Sonnenshein, Securitize "Fooling Some of the People All of the Time," by David Einhorn Amazon "It is an interesting read, and I enjoy how David Einhorn seems so relentless when he believes in something." - Tanaka Maswoswe, Carlyle Group "Building a Second Brain: A Proven Method to Organize Your Digital Life and Unlock Your Creative Potential" by Tiago Forte Amazon "We have all this data and information on our laptops and on our phones, but it's not organized. So is it really serving us, is it really useful for us? "The book talks about knowledge management systems and how to organize the data in such a way that works for the individual, and ultimately, getting to a point where we can share that with others." - Richesh Shah, Oaktree
Business Wire
01-07-2025
- Business
- Business Wire
Moelis Appoints Thorold Barker as an Independent Member to its Board of Directors
NEW YORK--(BUSINESS WIRE)--Moelis & Company (NYSE: MC), a leading global independent investment bank, today announced the appointment of Thorold Barker to its Board of Directors, effective July 1, 2025. Mr. Barker brings over 30 years of experience across journalism, finance, and geopolitics. He most recently served as The Wall Street Journal's Editor for Europe, Middle East and Africa for 10 years, during the European debt crisis, Brexit, the COVID-19 pandemic, and the start of the Russia-Ukraine conflict. Mr. Barker was also the Masthead Editor overseeing the Journal's global events, including the CEO Council. Mr. Barker joined the paper in New York in 2008, as Editor of Heard on the Street, the publication's commentary and analysis column covering business and finance. Earlier in his career, Mr. Barker was the U.S. Editor of the Lex Column and a reporter at the Financial Times. He started his career as a strategy consultant at Bain & Company. Ken Moelis, Chairman and CEO of Moelis & Company commented, 'Thorold brings a unique perspective shaped by his global experience across business, media, and policy, which makes him a valuable addition to our Board. We are delighted to welcome him.' Mr. Barker will join Moelis's Board as an Independent Director, serving alongside Dr. Louise Mirrer, Kenneth Shropshire, and Laila Worrell. Mr. Barker is currently a Senior Adviser at AlixPartners, serves as a visiting fellow at the University of Oxford, and sits on the board of Tiger21. He holds a degree in Modern Languages from Trinity College, Cambridge. About Moelis & Company Moelis & Company ('Moelis') is a leading global independent investment bank that provides innovative strategic advice and solutions to a diverse client base, including corporations, governments and financial sponsors. The Firm assists its clients in achieving their strategic goals by offering comprehensive integrated financial advisory services across all major industry sectors. Moelis's experienced professionals advise clients on their most critical decisions, including mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters. The Firm serves clients from locations across North and South America, Europe, the Middle East, and Asia-Pacific. For further information, please visit:
