In the Spotlight: Dr. Patrick Soon-Shiong Joins TheGrill 2018!

Read on: TheWrapTheWrap.

TheGrill is delighted to welcome Dr. Patrick Soon-Shiong, owner and executive chairman of The Los Angeles Times, as the Spotlight Interview at TheGrill 2018 on October 1-2.
Soon-Shiong joins Wrap editor-in-chief Sharon Waxman for a one-on-one interview…

AMC CEO Josh Sapan, Dolby Chief Scientist Poppy Crum, Helios & Matheson CEO Ted Farnsworth Join TheGrill 2018

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TheGrill is pleased to announce a new set of speakers for this year’s conference taking place October 1-2 in Los Angeles, with the entertainment and media industry’s thought leaders addressing what’s on everyone’s mind: industry…

Can Ben Lerer Turn Discovery-Backed Digital Roll-Up Into the Next Vice?

Read on: Variety.

Shane Smith’s Vice Media has been the poster dude for how to build a next-generation media brand: amass a big digital audience — albeit with bumps in the road — and migrate the internet-incubated content and editorial style over to TV. A key ingredient in Vice’s growth has been millions in investment from Disney and A+E Networks. Now… Read more »

Discovery Investing $100 Million on New Digital Company, Group Nine Media

Read on: TheWrapTheWrap.

Discovery Communications will invest $100 million as part of a new strategic strategy with Group Nine Media, a new media company that will merge and operate Thrillist Media Group, NowThis Media, The Dodo and Seeker.

“Today marks the start of a strong new company with tremendous brands, reach and scale,” said Discovery president and CEO David Zaslav.

Discovery will have an option to buy a controlling stake in Group Nine Media down the road.

Also Read: Cable News Is Killing Us, Discovery Boss Admits

The components of Group Nine Media combine for more than 3.5 billion global video views, more than 12 billion social impressions and more than 50 million social engagement per month. They also combine for over 40 million Facebook followers and over 30 million YouTube subscribers.

“This is truly a ‘win-win’ scenario, allowing our brands the opportunity to remain independent and build our own future, while at the same time, having the support of one of the best media and entertainment companies in the world,” Group Nine Media CEO Ben Lerer.

The partnership will include a commercial agreement that aims to enable advertisers to reach audiences across linear, digital, and social platforms, as well as live events, according to the company’s release.

Related stories from TheWrap:

Cable News Is Killing Us, Discovery Boss Admits

5 Discovery and TLC Reality TV Stars Who Have Faced Serious Scandal (Photos)

Discovery Tracks Down Big Profit in Q2

Discovery Investing $100 Million to Merge Thrillist, NowThis, The Dodo in New Digital Venture

Read on: Variety.

Discovery Communications, in a significant consolidation in the digital media sector, is investing $100 million into a new digital media holding company that will merge Thrillist Media Group, NowThis Media, The Dodo and Discovery’s digital network Seeker and its SourceFed Studios. The new company, Group Nine Media, will be headed by Ben Lerer (pictured above), formerly CEO… Read more »