Los Angeles-based Palatine Asset Management has announced it is in negotiations to acquire an undisclosed interest in the Viacom-broadcast TV series Speed Racer: The Next Generation, in
Los Angeles-based Palatine Asset Management has announced it is in negotiations to acquire an undisclosed interest in the Viacom-broadcast TV series Speed Racer: The Next Generation, in the first foray into television by a Palatine-managed fund.
Palatine expects to expand its acquisition strategy to acquire ‘branded’ content. This strategy will include the management of broadcast as well as intellectual property cash flows.
Brian Gilmore, portfolio manager of Palatine, says: ‘Speed Racer puts us in everything from broadcast television and video games to amusement park rides and lunch boxes. We have every confidence that the uniqueness of the Speed Racer brand and its loyal following will enhance the returns to our investors and position our returns to grow as the brand gains the momentum spearheaded by the Nicktoons Network.
‘The series began airing in May 2008, Lion’s Gate DVD sales have exceeded projections by a wide margin, and the intellectual property continues to be successful globally. We like the youthful demographic and believe in the ongoing appeal of children’s programming globally.’
Palatine will continue to partner with Lions Gate Home Entertainment.
