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Stock impact report

United Talent Agency jumps into TV production in deal with studio behind 'House of Cards' [Los Angeles Times (CA)]

Netflix, Inc. (NFLX) 
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United Talent Agency jumps into TV production in deal with studio behind 'House of Cards' United Talent Agency is joining the rush of Hollywood agencies into the television production business by partnering with the studio behind the Netflix series “House of Cards” and “Ozark.” United Talent Agency said Wednesday that it has formed a joint venture with Valence Media and its Media Rights Capital division to develop, produce and finance TV series and partner with creative talent. The Beverly Hills agency will have a minority stake in the venture, which will be called Civic Center Media. Financial terms were not disclosed. Media Rights Capital is the studio behind both “House of Cards” and “Ozark” as well as the movies “Baby Driver” and “Ted.” United Talent Agency said that the arrangement is nonexclusive for both it and Media Rights Capital, and that Civic Center Media will seek to develop projects with artists represented by all talent agencies. However, United Talent Agency said in We Show less Read more
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