Head Topics

A24 valuation jumps to $3.5 billion with new funding round

  • 📰 latimes
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 82%

United States Headlines News

United States Latest News,United States Headlines

Indie studio A24 closed a new round of funding led by venture capital firm Thrive Capital. While the amount was undisclosed, the studio's valuation is now up 40%.

Known for arthouse films, Oscar contenders and prestige horror flicks, indie studio A24 has landed a new round of funding led by venture capital firm Thrive Capital. The studio declined to disclose the size of the funding round. But the capital raise increased the company's valuation to about $3.5 billion, up 40% from its most recent funding round, according to a person familiar with the matter who wasn't authorized to comment.

The venture capital firm previously backed tech giants such as Instagram, Spotify and payment processing firm Stripe. Thrive Capital founder Josh Kushner will join A24's board of directors. 'In A24, we see a company bringing extraordinary talent and creativity together with business model and technology innovation to reinvent entertainment for the modern age,' Thrive Capital said in a statement.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How A24 Is Building an Indie Music Empire, One Soundtrack At a TimeA24 movie soundtracks have become an increasingly packed with indie stars, thanks to the film company's in-house label, A24 Music.
Source: billboard - 🏆 112. / 63 Read more »

Laurie Anderson Accepts the Artist Indie Icon Award | Billboard Indie Power Players 2024Laurie Anderson accepts the Artist Indie Icon award from Justin Kalifowitz at Billboard's Indie Power Players 2024 event.
Source: billboard - 🏆 112. / 63 Read more »

Culture Clash: Paper Cuts Combines Literature and FilmIndie bookstore pairs with indie cinema to celebrate the joy of interdisciplinary art and prioritizing community
Source: AustinChronicle - 🏆 593. / 51 Read more »

The emerging world leader in climate tech could soon be Massachusetts, experts sayInnovation meets capital in Massachusetts, allowing climate solutions to thrive.
Source: ABC - 🏆 471. / 51 Read more »

At the Potomac, Where DC, the Analog Political National Capital, and VC, the Digital Capital, MeetData Centers and AI demand for electricity provide a forcing funciton to roduce policies designed to provide essential reliable, abundant, affordable energy.
Source: hackernoon - 🏆 532. / 51 Read more »

Hugh Grant turns evil in creepy trailer for A24’s HereticDT Video
Source: DigitalTrends - 🏆 95. / 65 Read more »