Globalgate Strikes Finance and Strategy Pact With Korea-Oriented Silicon Valley Investor Maum Capital
Patrick Frater Asia Bureau Chief Silicon Valley investment firm Maum Capital Group has struck a strategic and financial alliance with Globalgate, the local-language film and TV production consortium assembled by Lionsgate. The move involves an investment of unspecified value and significance into Globalgate. It also sees the appointment of Globalgate’s executive chairman William Pfeiffer as CEO of Maum affiliates, including Maum Culture Innovation and Maum Studio, which are focused on content-based businesses. The Maum-Globalgate alliance “furthers Maum’s plans to harness and expand Korean and global content, filmmakers, and talent on the worldwide stage,” the companies said in a statement. Korean music and TV content is currently among the most exportable, following the successes of BTS and Blackpink, TV hit “Squid Game” and the Oscar success of “Parasite.”