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Eldridge & MRC Separate Their Combined Media Assets

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Eldridge and MRC said today that they have completed the separation of combined media assets.MRC, led by founders and co-CEOs Modi Wiczyk and Asif Satchu, will retain and control its existing operations as the leading independent studio, with three divisions: Film, Television and Non-Fiction.

MRC also will retain its stakes in Civic Center Media and T-Street.Eldridge will retain dick clark productions and investments in South by Southwest, A24, Fulwell 73, Sugar 23 and Luminate, as well as the Penske Media Corporation — which includes Deadline, The Hollywood Reporter, Variety, Billboard, Rolling Stone, Vibe, Music Business Worldwide, Life is Beautiful.

Eldridge also will remain as a significant minority shareholder in MRC.“When we combined forces in 2018, we set out to accomplish an ambitious set of objectives.

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