Steve Michaels, whose production company Asylum Entertainment was sold to Legendary in early 2014, has bought the company back and is its sole owner, I have learned. No financial terms are being disclosed but I hear that the purchase price was lower than the more than $100 million Legendary reportedly paid for Asylum as the marketplace has changed dramatically in the past several years and Asylum, bought by Legendary’s previous regime, does not fit into the company’s new strategy.
Michaels has launched a new company, The Content Group, using the Asylum slate, staff and infrastructure as a backbone. Michaels will serve as CEO, and has named longtime associate and former Asylum executive Ryann Lauckner as president. Michaels’ longtime partner in Asylum, Jonathan Koch, will serve as chief strategic advisor as the seasoned executive continues to recover from a life-threatening illness and hand transplant.
For The Content Group, which will produce both unscripted and scripted projects,...
Michaels has launched a new company, The Content Group, using the Asylum slate, staff and infrastructure as a backbone. Michaels will serve as CEO, and has named longtime associate and former Asylum executive Ryann Lauckner as president. Michaels’ longtime partner in Asylum, Jonathan Koch, will serve as chief strategic advisor as the seasoned executive continues to recover from a life-threatening illness and hand transplant.
For The Content Group, which will produce both unscripted and scripted projects,...
- 6/5/2018
- by Nellie Andreeva
- Deadline Film + TV
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