Former CBS executive Eric Kuhn and former Microsoft executive Tre’ Scott are launching Folk Media Group, a creative studio and private investment firm focused on production companies for live entertainment.
Why it matters: Live entertainment is booming in wake of the pandemic and gained even more momentum with Hollywood on strike.
Details: The new firm includes two divisions: a private investment firm focused on new production companies and a creative studio called Folk Productions. Kuhn and Scott, both Tony Award-winning producers, will manage both projects as “co-producers.”
Between the lines: “For the last 15 years or so, everyone’s been fighting over distribution and monetization,” Scott says. “We really want to focus our efforts on building on a company … [focused on] how work is actually made.”
The big picture: More investment firms are beginning to take interest in companies supporting the production of live entertainment.
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